2022-05-05T15:24:05-05:00 2021-06-30 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 021293742 990 2020-07-01 050306206 JOHNSON & WALES UNIVERSITY JOHN 4015981900 8 ABBOTT PARK PLACE PROVIDENCE RI 02903 JOSEPH J GREENE TREASURER & VICE CHANCELLOR 4015981900 2022-05-05 1 JOSEPH GREENE 999009999 LYNNE JOHNSON P00757336 6179129000 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z MINNIE L RUNEY 8 ABBOTT PARK PLACE PROVIDENCE RI 02903 462711448 0 X WWW.JWU.EDU X 1914 RI EDUCATIONAL ACTIVITIES 20 19 4430 24 3621060 412515 17827155 31887671 373152895 322584780 8863295 -9906705 3429296 -2248582 403272641 342317164 140918611 129219647 0 0 160514922 153587121 768255 324902 4184170 126709216 117611526 428911004 400743196 -25638363 -58426032 913541997 851530357 194948201 116935322 718593796 734595035 X THE MISSION OF JOHNSON & WALES UNIVERSITY (JWU) IS TO PROVIDE AN EXCEPTIONAL EDUCATION THAT INSPIRES PROFESSIONAL SUCCESS AND LIFELONG PERSONAL AND INTELLECTUAL GROWTH. 0 1 365296590 129219647 319729990 IN FY 2021, JWU ENROLLMENT AT ITS 4 CAMPUSES (PROVIDENCE, RI; N. MIAMI, FL; DENVER, CO; CHARLOTTE, NC) AND ONLINE LEARNING PROGRAM TOTALED 10,320 STUDENTS (8,886 UNDERGRADS AND 1,434 GRAD). JWU AWARDED 3,169 DEGREES INCLUDING 742 ASSOCIATE'S, 1,829 BACHELOR'S, 565 GRADUATE, 15 DOCTORAL, AND 18 CERTIFICATES. JWU EMPLOYED 424 FT AND 431 PT FACULTY THROUGHOUT ITS COLLEGES OF ART & SCIENCES, COLLEGE OF BUSINESS, COLLEGE OF ENGINEERING & DESIGN, COLLEGE OF FOOD INNOVATION & TECHNOLOGY, COLLEGE OF HOSPITALITY MANAGEMENT, AND COLLEGE OF ONLINE EDUCATION. 35% OF STUDENTS WERE FIRST GENERATION COLLEGE STUDENTS OF THOSE WHO REPORTED THEIR PARENTS' EDUCATION. 98% OF UNDERGRADUATE, DAY STUDENTS RECEIVED INSTITUTIONAL AID, WITH AN AVERAGE AID OF $17,428 PER STUDENT. INSTITUTIONAL SCHOLARSHIPS EXCEEDED $129 MILLION. 365296590 1 1 0 1 0 0 0 1 1 1 1 1 0 0 1 1 0 1 1 1 1 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 1 19523 0 1 4430 1 1 1 0 0 0 0 1 1 1 1 0 0 0 0 0 X 20 19 0 0 1 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 AK CO KY MD MA MI NH OH OK OR SC WA NY X DENISE ZERVAS 4015985093 8 ABBOTT PARK PLACE PROVIDENCE RI 02903 MINNIE L RUNEY CHANCELLOR, PRESIDENT & CEO 45.00 0.00 X X 707250 0 52352 JOSEPH J GREENE JR TEASURER, VICE CHANCELLOR 45.00 0.00 X 340201 0 71780 MARIE F BERNARDO-SOUSA PRESIDENT, PROVIDENCE CAMPUS 45.00 0.00 X 313160 0 58177 MAUREEN T DUMAS VP OF ADVANCEMENT 45.00 0.00 X 260407 0 90795 BILLYE AUCLAIR PROVOST 45.00 0.00 X 299964 0 50534 LARRY RICE PRESIDENT, N. MIAMI CAMPUS 45.00 0.00 X 264939 0 53730 DIANE H D'AMBRA VP OF HUMAN SERVICES 45.00 0.00 X 258846 0 57214 AKHIL GUPTA VP OF ENROLLMENT MANAGEMENT 45.00 0.00 X 251700 0 53861 LUBA SHUR GENERAL COUNSEL 45.00 0.00 X 276579 0 24643 RICHARD A WISCOTT PRESIDENT, DENVER CAMPUS 45.00 0.00 X 231850 0 55376 MICHAEL J DOWNING VP OF AUXILIARY SERVICES 45.00 0.00 X 215849 0 37490 CYNTHIA L PARKER VP OF COLLEGE OF ONLINE EDUCATION 45.00 0.00 X 216610 0 33277 LETTA CAMPBELL PROFESSOR COLLEGE CHAIR 45.00 0.00 X 187196 0 46948 LOUIS D'ABROSCA DEAN COLLEGE OF BUSINESS 45.00 0.00 X 193102 0 39701 LYNN M ROBINSON VP STUDENT ACADEMIC & FINANCIAL SRVS 45.00 0.00 X 174658 0 44758 JASON W WITHAM VP FACILITIES MANAGEMENT 45.00 0.00 X 157981 0 43428 DAVID A SOUZA VP INFORMATION TECHNOLOGY 45.00 0.00 X 150024 0 46694 DANIELLE H RAPOSA VP OF FINANCE 45.00 0.00 X 153162 0 42072 EMILY GILCREAST UNIVERSITY SECRETARY 45.00 0.00 X 153408 0 24289 TARUN MALIK FORMER PRESIDENT CHARLOTTE CAMPUS 0.00 0.00 X 138462 0 8474 TIMOTHY J BABINEAU MD TRUSTEE 1.00 0.00 X 0 0 0 MARIBETH N BISIENERE TRUSTEE 1.00 0.00 X 0 0 0 DERICK CLOSE TRUSTEE 1.00 0.00 X 0 0 0 JAMES H HANCE JR CHAIR OF BOARD 1.00 0.00 X 0 0 0 LIONEL E LAROCHELLE II TRUSTEE 1.00 0.00 X 0 0 0 JOHN MARTIN TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM J MURPHY TRUSTEE 1.00 0.00 X 0 0 0 PHILIP S RENAUD II TRUSTEE 1.00 0.00 X 0 0 0 MERRILL W SHERMAN TRUSTEE 1.00 0.00 X 0 0 0 CLAY A SNYDER TRUSTEE 1.00 0.00 X 0 0 0 JOHN E TAYLOR JR TRUSTEE 1.00 0.00 X 0 0 0 JERRY SUE THORNTON TRUSTEE 1.00 0.00 X 0 0 0 D CHIP WADE TRUSTEE 1.00 0.00 X 0 0 0 JOHN H WHITE JR TRUSTEE 1.00 0.00 X 0 0 0 DAVID WILSON TRUSTEE 1.00 0.00 X 0 0 0 LORENA M GARCIA TRUSTEE (FROM 6/22/2021) 1.00 0.00 X 0 0 0 ROBERT J PALLESCHI TRUSTEE (FROM 6/22/2021) 1.00 0.00 X 0 0 0 SHIVAN S SUBRAMANIAM TRUSTEE (FROM 6/22/2021) 1.00 0.00 X 0 0 0 M TERESA PAIVA WEED TRUSTEE (FROM 6/22/2021) 1.00 0.00 X 0 0 0 4945348 0 935593 317 1 1 0 SODEXHO INC 8011 34TH AVENUE MINNEAPOLIS MA 55425 MANAGEMENT SERVICES 2243566 GOOGLE INC DEPT 33654 PO BOX 39000 SAN FRANCISCO CA 94139 ADVERTISING SERVICES 1974329 ABM PO BOX 643823 PITTSBURGH PA 15264 JANITORIAL SERVICES 1894527 ONE SIXTY OVER NINETY LLC 510 WALNUT ST 19TH FL PHILADELPHIA PA 19106 CONSULTING SERVICES 1131657 EDUCATION DYNAMICS LLC PO BOX 780276 PHILADELPHIA PA 19178 MARKETING & ENROLLMENT GROWTH 880432 60 27985 158200 29781633 1919853 920912 31887671 TUITION 611310 280320698 280320698 RESIDENCE & DINING 611310 36231900 36231900 DOUBLETREE HOTEL 721110 3147572 3147572 STUDENT FEES 611310 1802428 1802428 1082182 1082182 322584780 465000 66517 398483 1288039 552474 735565 735565 406971 328594 38088944 71310652 31352467 88418834 6736477 -17108182 -10371705 -10371705 66630 158200 70509 -3879 -3879 STUDENT SERVICES 611310 490138 31712 458426 ADMISSIONS & ALUMNI EV 611310 40813 40813 LOSS ON IMPAIRMENT 900099 -3871311 -3871311 360092 220257 139835 -2980268 342317164 319729990 3621060 -12921557 65050 65050 129154597 129154597 4266788 4077534 189254 342836 342836 119937227 105613013 12934799 1389415 3855142 3323833 472300 59009 16820761 14867648 1740770 212343 8364367 7224150 1044580 95637 36420 36420 191102 108517 82585 174922 174922 154512 154512 324902 324902 625219 625219 6407419 5155014 1234759 17646 6433324 5848788 539795 44741 8121722 6589921 1351955 179846 3803700 3803700 141435 66964 74471 19977861 17794968 1860563 322330 1360348 1104297 253282 2769 5159632 4671531 403483 84618 32369053 28690444 3158923 519686 3579597 3516458 63139 CARES ACT STUDENT RELIE 9507553 9507553 LOSS ON BOND DEFEASANCE 5410557 5410557 FOOD/BEVERAGE/KITCHEN S 4042923 3901382 141541 STUDENT SERVICES EXPENS 3522277 3513593 8684 6591950 4867264 982712 741974 400743196 365296590 31262436 4184170 30124 26372 13986237 22046124 5481820 2597007 12693196 10401348 22423914 8254643 1601862 1271910 9940680 7400975 829914625 364707560 583655106 465207065 69225027 74501789 194504031 254668142 5154982 913541997 851530357 34564992 29573722 17945614 14730634 131345835 61817415 596906 525405 624525 5837627 6259951 4032702 4028195 194948201 116935322 X 678010717 686089619 40583079 48505416 718593796 734595035 913541997 851530357 X -58426032 74427608 -337 X 0 1 X 1 1 1 X 11115077 7211623 5220659 7425399 4481480 35454238 11115077 7211623 5220659 7425399 4481480 35454238 1703194 33751044 3008323 2641606 4039422 3899981 989937 14579269 1877149 2386845 2627184 1641654 0 8532832 1246256 1057461 1858087 1447272 664891 6273967 64840306 2038096376 0.52050 0.44540 X SCHEDULE A, PART II; THE UNIVERSITY MEETS THE PUBLIC SUPPORT TEST UNDER CURRENT GUIDANCE (AS DISCLOSED IN PART II) AND THEREFORE QUALIFIES FOR THE SPECIAL RULE UNDER SECTION 509(A)(1) FOR SCHEDULE B REPORTING. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 154512 0 1 10429 164941 0 PART II-B, LINE 1: PART II-B, 1(G): DIRECT CONTACT: $154,512 PAID TO CONSULTING FIRMS TO MAINTAIN GOVERNMENT RELATIONS. PART II-B, 1(I): PORTION OF THE UNIVERSITY'S MEMBERSHIP DUES PAID TO THE AICU (ASSOCIATION OF INDEPENDENT COLLEGES & UNIVERSITIES OF RHODE ISLAND) AND TO THE NAICU (NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES & UNIVERSITIES), SPENT ON LOBBYING ACTIVITIES WAS $9,176 AND $1,253, RESPECTIVELY. 1510441 X X X 0 0 1 X 211637983 51398237 68453219 12787000 318702439 243334577 303700 4263142 36263436 211637983 251630787 361505 13114153 21771868 243334577 255888050 283096 17583285 22123644 251630787 238944479 496827 29395425 12948681 255888050 0.86760 0.07730 0.05510 0 0 55977035 55977035 627776095 248231961 379544134 6081097 6039687 41410 132777492 110426281 22351211 7302906 9631 7293275 465207065 CASH 3225419 F COMMONFUND CEP VI 186188 F COMMONFUND CEP V 150187 F COMMONFUND CEP VII 568249 F PARK STREET CAPITAL VI 102059 F PARK STREET CAPITAL VIII 2288752 F 457B 2149877 F PARK STREET NRF II 51101 F DOVER STREET VIII 401302 F COMMONFUND CVP VIII 799781 F PARK STREET CAPITAL NRF IV 365913 F PARK STREET CAPITAL IX 2539811 F SIGULER GUFF DISTRESSED OPPORTUNITIES FUND 893456 F KING STREET CAPITAL LTD 4476 F COMMONFUND CVP IX 2246782 F SIGULER GUFF DISTRESSED OPPORTUNITIES FUND IV 938316 F ASIA ALTERNATIVE CAPITAL PARTNERS 2860533 F PARK STREET CAPITAL NRF V 1585347 F PREFERRED STOCK CERTIFICATES 9000 F DOVER STREET VIII 1405688 F TRUEBRIDGE CAPITAL PARTNERS 9539943 F AGILITY ONSHORE FUND 210869085 F INDEPENDENT FRANCHISE PARTNERS 11486877 F 254668142 ANNUITY DEPOSITS 99578 REFUNDABLE U.S. GRANTS 1778740 457B DEFERRED COMPENSATION PLAN 2149877 4028195 X PART III, LINE 4: THE CULINARY ARTS MUSEUM IS AN EDUCATIONAL RESOURCE FOR JOHNSON & WALES UNIVERSITY, WHICH SEEKS TO BOTH PRESERVE AND INTERPRET CULINARY AND HOSPITALITY HERITAGE. IT IS A SHOWCASE FOR THE WORK OF STUDENTS, FACULTY, ALUMNI AND DISTINGUISHED VISITING CHEFS. THROUGH EXHIBITIONS AND SPECIAL EVENTS, THE MUSEUM STRIVES TO INTERPRET THE EVOLUTION OF FOOD PREPARATION AND PRESENTATION, THE DEVELOPMENT OF CULINARY EQUIPMENT AND TECHNOLOGY, THE DIVERSE MENUS OFFERED AND THE PLACES WHERE PEOPLE PARTAKE OF FOOD. TO ENHANCE THE UNIVERSITY'S SENSE OF TRADITION AND TO RECOGNIZE THE IMPORTANCE OF PUBLIC ART, THE UNIVERSITY INSTALLED BRONZE WILDCAT SCULPTURES ON ALL 4 CAMPUSES, WHICH REPRESENT THE FOUR TENENTS THAT CHARACTERIZE WHAT IT MEANS TO BE A WILDCAT, BOTH ON THE ATHLETIC FIELDS AND IN THE CLASSROOM: PRIDE, COURAGE, CHARACTER AND COMMUNITY. PART IV, LINE 2B: THE UNIVERSITY HOLDS MONEY AS A CUSTODIAN FOR STUDENT CLUBS AND POTENTIAL FUTURE PROGRAMS TO BE REFUNDED IF PROGRAM IS NOT INITIATED. PART V, LINE 4: THE UNIVERSITY USES ITS ENDOWMENT FUND FOR THE GENERAL BENEFIT OF THE UNIVERSITY'S CURRENT AND FUTURE STUDENTS (INCLUDING SCHOLARSHIPS) AND FOR THE FUTHERANCE OF THE EDUCATIONAL MISSION OF THE UNIVERSITY. PART X, LINE 2: JOHNSON & WALES UNIVERSITY IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS AN EDUCATIONAL INSTITUTION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON RELATED INCOME. ANY TAX ON THE SUBSIDIARIES OR UNRELATED BUSINESS ACTIVITES IS NOT SIGNIFICANT TO THE CONSOLIDATED FINANCIAL STATEMENTS. THE UNIVERSITY HAS IDENTIFIED ITS TAX STATUS AS A TAX EXEMPT ENTITY AND ITS DECISION TO INCLUDE OR EXCLUDE ITEMS OF INCOME UNRELATED TO ITS OPERATIONS AS TAX POSITIONS; HOWEVER, THE UNIVERSITY HAS DETERMINED THAT SUCH TAX POSITIONS DO NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. MANAGEMENT BELIEVES THE UNIVERSITY HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2021 OR 2020. WITH FEW EXCEPTIONS, THE UNIVERSITY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2018. INTEREST AND PENALTIES, IF ANY, ARE INCLUDED IN INCOME TAX EXPENSE. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 JOHNSON & WALES UNIVERSITY RECRUITS THROUGHOUT THE U.S. AND DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS FROM A LARGE GEOGRAPHICAL AREA. PER REV. PROC. 75-50, 1975-2 C.B. 587, SECTION 4.03 PARAGRAPH 2(B), SUCH A SCHOOL MAY SATISFY THE PUBLICITY REQUIREMENT BY COMPLYING WITH SECTION 4.02, WHICH REQUIRES THAT A SCHOOL'S NONDISCRIMINATORY POLICY AS TO STUDENTS BE INCLUDED IN ALL ITS BROCHURES AND CATALOGUES DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. THE UNIVERSITY COMPLIES WITH THIS REQUIREMENT. MOREOVER, THE UNIVERSITY CURRENTLY ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS. SCHEDULE E, PART I, LINE 6 JOHNSON & WALES UNIVERSITY PARTICIPATES IN THE TITLE IV FINANCIAL AID PROGRAMS AND RECEIVES GRANTS FROM THE U.S. DEPARTMENT OF EDUCATION INCLUDING GRANTS UNDER THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT (CARES ACT)AS PART OF THE HIGHER EDUCATION EMERGENCY RELIEF FUND (HEERF) AND THE STATES OF RHODE ISLAND, FLORIDA, NORTH CAROLINA, MASSACHUSETTS, COLORADO, VERMONT, MARYLAND AND PENNSYLVANIA. EAST ASIA AND THE PACIFIC 10 PROGRAM SERVICES STUDENT RECRUITING 52500 SOUTH ASIA 3 PROGRAM SERVICES STUDENT RECRUITING 40504 EUROPE (INCLUDING ICELAND & GREENLAND) 2 PROGRAM SERVICES STUDENT RECRUITING 3000 SOUTH AMERICA 4 PROGRAM SERVICES STUDENT RECRUITING 3000 CENTRAL AMERICA AND THE CARIBBEAN 2 PROGRAM SERVICES STUDENT RECRUITING 13250 CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 1410164 0 21 0 0 0 21 1522418 0 1522418 1 0 1 1 1 0 PART III ACCOUNTING METHOD: X X X X X X X 1 EDUCATION ADVISORY BOARD 1920 E PARHAM ROAD RICHMOND VA 23228 ANNUAL GIVING PROGRAM CONSULTING 0 0 128027 0 MCALLISTER & QUINN LLC 1030 15TH STREET WASHINGTON DC 20005 FEDERAL GRANT CONSULTANT 0 0 120000 0 LORI JACQUES 6 HARRIS CIRCLE STOUGHTON MA 02072 ANNUAL GIVING & ALUMNI RELATIONS CONSULTING 0 0 7500 0 ONE SIXTY OVER NINETY LLC 510 WALNUT STREET PHILADELPHIA PA 19106 CONSULTING 0 0 69375 0 324902 AL AK AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MO MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI CLT EPICUREAN 78750 68425 10325 2077 4838 7024 CLT SYMPOSIUM 103630 67200 36430 39284 2 42450 22575 19875 10005 3739 3542 224830 158200 66630 12082 8577 49850 70509 -3879 1 COLORADO RESTAURANT ASSOCIATION 430 E 7TH AVENUE DENVER CO 80203 840503735 501C3 7360 0 SUPPORT ASSOCIATION - TO PROMOTE RESTAURANT BUSINESSES AND HELP THEM THRIVE DENVER INNOCENCE PROJECT PO BOX 101328 DENVER CO 80250 813487444 501C3 7360 0 SUPPORT ASSOCIATION - TO FREE INNOCENT INCARCERATED PEOPLE AND SYSTEM REFORM FLORIDA RESTAURANT & LODGE 230 S ADAMS SRTEET TALAHASSEE FL 32301 596194391 501C3 14513 0 SUPPORT ASSOCIATION - TO PROVIDE TRAINING AND ATHLETIC COMPETITION TO PEOPLE WITH DISABILITIES WE DON'T WASTE 3560 WALNUT STREET DENVER CO 80205 270585966 501C3 0 46043 FMV NON-PERISHABLE COOKING INGREDIENTS SUPPORT ORGANIZATION - FOOD FOR THE HUNGRY UNITED WAY OF MIAMI DADE 3250 SW THREE AVENUE MIAMI FL 33129 590830840 501C3 6401 0 SUPPORT ORGANIZATION - ASSIST IN IMPROVING QUALITY OF LIFE TO MIAMI COMMUNITY 5 SCHOLARSHIPS 8199 129154597 BOOK SCHOLARSHIPS PART I, LINE 2: PART II - THE OFFICE OF THE CHANCELLOR MONITORS ALL FUNDS ALLOCATED TO EXTERNAL ORGANIZATIONS. PART III- THE UNIVERSITY PROVIDES ASSISTANCE IN THE FORM OF SCHOLARSHIPS THAT ARE ALL APPLIED TO STUDENTS' ACCOUNTS RECEIVABLE BALANCES. 1 X X X X X 1 0 0 0 0 0 0 0 0 MINNIE L RUNEY CHANCELLOR, PRESIDENT & CEO 679093 0 0 0 28157 0 28200 0 24152 0 759602 0 0 0 JOSEPH J GREENE JR TEASURER, VICE CHANCELLOR 318379 0 0 0 21822 0 28200 0 43580 0 411981 0 0 0 MARIE F BERNARDO-SOUSA PRESIDENT, PROVIDENCE CAMPUS 292418 0 0 0 20742 0 28200 0 29977 0 371337 0 0 0 MAUREEN T DUMAS VP OF ADVANCEMENT 230110 0 0 0 30297 0 24440 0 66355 0 351202 0 0 0 BILLYE AUCLAIR PROVOST 288043 0 0 0 11921 0 27272 0 23262 0 350498 0 0 0 LARRY RICE PRESIDENT, N. MIAMI CAMPUS 244233 0 0 0 20706 0 24618 0 29112 0 318669 0 0 0 DIANE H D'AMBRA VP OF HUMAN SERVICES 237130 0 0 0 21716 0 24142 0 33072 0 316060 0 0 0 AKHIL GUPTA VP OF ENROLLMENT MANAGEMENT 248209 0 0 0 3491 0 22388 0 31473 0 305561 0 0 0 LUBA SHUR GENERAL COUNSEL 275769 0 0 0 810 0 23935 0 708 0 301222 0 0 0 RICHARD A WISCOTT PRESIDENT, DENVER CAMPUS 211312 0 0 0 20538 0 21541 0 33835 0 287226 0 0 0 MICHAEL J DOWNING VP OF AUXILIARY SERVICES 212940 0 0 0 2909 0 21093 0 16397 0 253339 0 0 0 CYNTHIA L PARKER VP OF COLLEGE OF ONLINE EDUCATION 188267 0 0 0 28343 0 21094 0 12183 0 249887 0 0 0 LETTA CAMPBELL PROFESSOR COLLEGE CHAIR 92927 0 0 0 94269 0 19998 0 26950 0 234144 0 0 0 LOUIS D'ABROSCA DEAN COLLEGE OF BUSINESS 97704 0 0 0 95398 0 14950 0 24751 0 232803 0 0 0 LYNN M ROBINSON VP STUDENT ACADEMIC & FINANCIAL SRVS 173826 0 0 0 832 0 17766 0 26992 0 219416 0 0 0 JASON W WITHAM VP FACILITIES MANAGEMENT 157533 0 0 0 448 0 14492 0 28936 0 201409 0 0 0 DAVID A SOUZA VP INFORMATION TECHNOLOGY 149589 0 0 0 435 0 15984 0 30710 0 196718 0 0 0 DANIELLE H RAPOSA VP OF FINANCE 152902 0 0 0 260 0 14208 0 27864 0 195234 0 0 0 EMILY GILCREAST UNIVERSITY SECRETARY 133679 0 0 0 19729 0 13207 0 11082 0 177697 0 0 0 TARUN MALIK FORMER PRESIDENT CHARLOTTE CAMPUS 0 0 0 0 138462 0 8474 0 0 0 146936 0 0 0 PART I, LINE 4A TARUN MALIK RECEIVED SEVERANCE PAY OF $138,462. DURING THE YEAR THERE WAS A SEVERANCE PAYMENT MADE PURSUANT TO A SEPARATION AGREEMENT. ALL AMOUNTS PAID HAVE BEEN PROPERLY REPORTED ON FORM W-2 AND REPORTED IN FORM 990, PART VII, COLUMN D, AND ALSO IN SCHEDULE J, PART II, COLUMN B(III). THE AGREEMENT IS AVAILABLE TO THE INTERNAL REVENUE SERVICE UPON REQUEST. A COLORADO EDUCATIONAL AND CUTURAL FACILITIES 840896727 19645RUP4 2013-09-18 117152127 SERIES A: CAPITAL PROJECTS ON DENVER CAMPUS; SERIES B: REFUNDED 5 ISSUES 1 0 0 B NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY 561592154 65819GJH2 2013-08-08 42523473 REFUNDED NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY 2003 REV BONDS 0 0 0 C NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY 561592154 2014-03-11 26502035 PURCHASE CITY VIEW TOWERS RESIDENCE HALL ON NC CAMPUS FOR STUDENT HOUSING 0 0 0 D RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORP 521300173 2015-09-22 30000000 CONSTRUCT ACADEMIC BUILDING ON PROVIDENCE CAMPUS 0 0 0 A 47575000 64580000 117168860 2211638 27807739 87149483 2015 1 0 1 1 B 12250000 42523494 4665 42518829 2004 1 0 1 1 C 12809316 26502035 26502035 2014 0 0 1 1 D 9895227 30031844 348800 29682497 546 2016 0 0 1 1 A 0 1 1 1 0 0.00250 0.00040 0.00290 0 1 0.07440 1 1 B 0 1 1 1 0 0.01100 0.01100 0 0 1 C 0 1 0 0 0.00000 0.00000 0.00000 0 0 1 D 0 0 0 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 1 0 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: COLORADO EDUCATIONAL AND CUTURAL FACILITIES DATE THE REBATE COMPUTATION WAS PERFORMED: 03/31/2021 ISSUER NAME: NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 07/31/2021 ISSUER NAME: RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORP DATE THE REBATE COMPUTATION WAS PERFORMED: 08/31/2021 SCHEDULE K, PART I, BOND ISSUES (CONTINUED): (A) ISSUER NAME: COLORADO EDUCATIONAL AND CUTURAL FACILITIES (F) DESCRIPTION OF PURPOSE: SERIES A WAS A NEW MONEY ISSUE USED TO FUND CAPITAL PROJECTIONS ON THE DENVER CAMPUS, PROCEEDS WERE $30,002,664. SERIES B WAS A REFUNDING ISSUE THAT REFUNDED THE FOLLOWING: COLORADO EDUCATIONAL AND CULTURAL FACILITIES AUTHORITY, SERIES 2003A, $23,985,062 RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORPORATION, SERIES 2003, $20,811,689 (THE RHODE ISLAND 2003 SERIES REFUNDED 1992 AND 1993 ISSUES) RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORPORATION, SERIES 1999, $23,036,937 RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORPORATION, SERIES 1996, $6,262,926 CITY OF NORTH MIAMI, FLORIDA, SERIES 2003A, $13,053,439 (THE NORTH MIAMI 2003 SERIES REFUNDED A 1994 ISSUE) IN JUNE 2021, THE REMAINING COLORADO BOND ISSUE WAS LEGALLY DEFEASED AS A RESULT OF THE SALE OF THE COLORADO CAMPUS TO ANOTHER 501(C)(3) ORGANIZATION. SCHEDULE K, PART II, LINE 3: THE DIFFERENCE OF THE ISSUE PRICE REPORTED IN PART I AND THE TOTAL PROCEEDS IN PART II, LINE 3 IS THE INTEREST EARNED ON THE PROJECT FUND DURING THE CONSTRUCTION PERIOD. SCHEDULE K, PART III, LINE 4, 5 AND 6 HAVE BEEN CALCULATED FOR COLORADO 2003 AND 2013A,CHARLOTTE 2003 AND 2014, AND RI 2015 ISSUES AS THESE ARE THE POST 2002 ORIGINAL ISSUES. SCHEDULE K, PART III, LINE 7, COLUMNS A, B, C AND D: AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND OR UNRELATED TRADE OR BUSINESS USE REPORTED IN PART III, LINE 6 IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. SCHEDULE K, PART III, LINE 8C, COLUMN A: PROPERTY WAS SOLD THAT THE UNIVERSITY ORIGINALLY PURCHASED WITH TAX-EXEMPT BOND PROCEEDS AND,UNDER THE ADVICE OF BOND COUNSEL, SOLD THE PROPERTY AT FAIR MARKET VALUE IN A CASH TRANSACTION AND CREATED A DEFEASANCE ESCROW TO PAY THE ALLOCABLE BONDS (BECAUSE THE BONDS WERE NOT ELIGIBLE FOR PREPAYMENT). AT THE ISSUE DATE OF THE BONDS, THE UNIVERSITY REASONABLY EXPECTED THAT 95% OF THE NET PROCEEDS OF THE ISSUE WOULD BE USED TO PROVIDE EXEMPT FACILITIES AND FOR NO OTHER PURPOSE FOR THE ENTIRE TERM OF THE BONDS, AND THE AMOUNT OF THE ISSUE WAS BASED ON REASONABLE ESTIMATES ABOUT THE COST OF THE FACILITIES PURCHASED OR IMPROVED. SEE SCHEDULE O SEE SCHEDULE O 0 X 3 688746 FAIR MARKET VALUE X 61 174008 SALE COMPARABLE ITEMS X HORSE 2 32150 SALE COMPARABLE ITEM X CULINARY 4 15630 SALE COMPARABLE ITEM X CLASSROOM 1 10323 SALE COMPARABLE ITEM X OTHER 1 55 SALE COMPARABLE ITEM 1 0 1 0 PART I, COLUMN (B): LINE 9 REPRESENTS THE NUMBER OF THE GIFTS RECEIVED. LINE 19 AND 25-28 REPRESENTS THE NUMBER OF SEPARATE GIFTS ON SEPARATE DATES; THAT IS ONE DONOR MAY HAVE MADE MULTIPLE GIFTS DURING THE YEAR AND EACH GIFT MAY CONTAIN MULTIPLE ITEMS. FORM 990, PART III, LINE 3 A MAJOR COMPONENT OF THE UNIVERSITY'S FOCUS 2022 STRATEGIC PLAN WAS THE SUSTAINABILITY OF THE BRANCH CAMPUSES. AFTER EXTENSIVE DELIBERATIONS AND ANALYSIS, IT WAS DETERMINED THAT THE UNIVERSITY'S UNIQUE STATUS AS ONE UNIVERSITY, WITH FOUR GEOGRAPHICALLY DIVERSE ON-THE-GROUND CAMPUSES, WAS NO LONGER VIABLE IN THE RAPIDLY CHANGING LANDSCAPE OF HIGHER EDUCATION. THE RAPID SPREAD OF THE CORONAVIRUS BROUGHT TO THE FOREFRONT FOR MANY COLLEGES AND UNIVERSITIES THE NEED TO REVISIT THEIR DELIVERY MODELS. IN JUNE 2020, THE UNIVERSITY'S BOARD OF TRUSTEES (THE BOARD) CONCLUDED THAT THE TIME HAD COME TO CONSOLIDATE THE UNIVERSITY SYSTEM INTO A TWO-CAMPUS MODEL (PROVIDENCE AND CHARLOTTE) COUPLED WITH A ROBUST ONLINE DELIVERY MODEL. IN JUNE 2020, THE UNIVERSITY ANNOUNCED THE PLANNED CLOSURE OF THE NORTH MIAMI AND DENVER BRANCH CAMPUSES AT THE END OF THE 2020/2021 ACADEMIC YEAR. FORM 990, PART VI, SECTION A, LINE 4 IN DECEMBER 2020, THE UNIVERSITY BOARD OF TRUSTEES AMENDED THE JOHNSON & WALES UNIVERSITY BYLAWS TO GRANT THE BOARD THE AUTHORITY TO EXTEND THE SERVICE OF THE CHAIR OF THE BOARD BEYOND TWO CONSECUTIVE THREE-YEAR TERMS, UPON FINDING UNUSUAL CIRCUMSTANCES SO WARRANT IN THE BEST INTEREST OF THE UNIVERSITY, FOR A LENGTH OF TIME AS DETERMINED BY THE BOARD, SUBJECT TO THE TERM LIMITS SET OUT IN THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, A COMPLETE COPY OF THE 990 IS PROVIDED TO THE BOARD OF TRUSTEES. IN ADDITION, MEMBERS OF THE AUDIT & RISK MANAGEMENT COMMITTEE MEET WITH ACCOUNTING MANAGEMENT TO ADDRESS ANY QUESTIONS. ALL QUESTIONS MUST BE ADDRESSED TO THE SATISFACTION OF THE COMMITTEE MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE, OFFICER AND SENIOR EXECUTIVE SHALL DISCLOSE TO THE BOARD AT LEAST ONCE EACH YEAR ALL THE MATERIAL FACTS CONCERNING HIS OR HER RELATIONSHIP WITH, OR INTEREST IN, ANY PERSON, FIRM, CORPORATION OR OTHER ENTITY WITH WHOM THE UNIVERSITY HAS, OR PROPOSES TO ENTER INTO, ANY CONTRACT OR OTHER TRANACTION WHICH MAY, DIRECTLY, OR INDIRECTLY, RESULT IN FINANCIAL GAIN OR OTHER ADVANTAGE TO SUCH TRUSTEE, OFFICER OR SENIOR EXECUTIVE BY REASON OF SUCH RELATIONSHIP OR INTEREST. ADDITIONALLY, WHERE APPLICABLE, ALL TRUSTEES, OFFICERS AND SENIOR EXECUTIVES ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST NOT LATER THAN WHEN THE POTENTIAL CONFLICT BECOMES A MATTER OF BOARD ACTION. THE CORPORATE SECRETARY SHALL COLLECT THE INFORMATION INCLUDED IN THE AFOREMENTIONED DISCLOSURE STATEMENTS AND REPORT ON THE SAME TO THE AUDIT AND RISK MANAGEMENT COMMITTEE. THE INFORMATION IS REVIEWED BY ACCOUNTING PERSONNEL FOR BUSINESS AND PERSONAL RELATIONSHIPS THAT MAY RESULT IN A CONFLICT OF INTEREST SITUATION. AS PART OF THE ANNUAL INDEPENDENT AUDIT, ALL TRANSACTIONS WITH SUCH BUSINESSES AND / OR INDIVIDUALS MUST BE SUMMARIZED FOR PURPOSES OF THE REQUIRED FINANCIAL STATEMENT DISCLOSURE OF RELATED PARTY TRANSACTIONS. THIS PROVIDES AN ADDED OPPORTUNITY FOR MANAGEMENT TO REVIEW SUCH TRANSACTIONS AND RELATIONSHIPS FOR PROPRIETY. TRUSTEES, OFFICERS AND SENIOR EXECUTIVES MAY VOTE ON AND / OR PARTICIPATE IN APPROVING TRANSACTIONS WITH SUCH BUSINESSES AND / OR INDIVIDUALS IN CERTAIN PRESCRIBED CIRCUMSTANCES IN WHICH THE RELATIONSHIP IS CLEARLY DISCLOSED AND THE TRANSACTION IS APPROVED BY A MAJORITY OF THE DISINTERESTED TRUSTEES, OFFICERS AND / OR SENIOR EXECUTIVES THAT ARE CHARGED WITH MAKING THE DECISION REGARDING THE TRANSACTION IN QUESTION. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING THE COMPENSATION OF THE UNIVERSITY'S TOP MANAGEMENT OFFICIAL (THE UNIVERSITY CHANCELLOR) INCLUDED ALL OF THE ELEMENTS OF THE REBUTTABLE PRESUMPTION OF REASONABLENESS. THE INDEPENDENT COMPENSATION COMMITTEE OF THE UNIVERSITY'S BOARD OF TRUSTEES INDEPENDENTLY ENGAGED A FIRM OF COMPENSATION SPECIALISTS TO PERFORM A STUDY TO EVALUATE THE COMPENSATION LEVELS OF PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED INSTITUTIONS. THIS INFORMATION WAS USED BY THE COMMITTEE TO EVALUATE THE COMPENSATION OF THE CHANCELLOR. THE RESULTING COMPENSATION AMOUNT WAS APPROVED BY THE COMMITTEE AND DOCUMENTED IN THE COMPENSATION COMMITTEE'S MEETING MINUTES. SIMILAR COMPENSATION STUDIES HAVE BEEN PERFORMED FOR OTHER "DISQUALIFIED PERSONS AND THE COMPENSATION COMMITTEE OF THE BOARD APPROVED THE COMPENSATION OF THOSE "DISQUALIFIED PERSONS." ADDITIONALLY, DURING THE INTERVENING YEARS BETWEEN THE FORMAL STUDIES, THE COMPENSATION FOR ALL OF THESE DISQUALIFIED PERSONS ARE REVIEWED AND APPROVED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE GOVERNING BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S FINANCIAL STATEMENTS ARE AVAILABLE TO THE GENERAL PUBLIC VIA THE UNIVERSITY'S AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITES. THE UNIVERSITY'S FORM 990 WITHOUT SCHEDULE B IS AVAILABLE TO THE GENERAL PUBLIC VIA GUIDESTAR'S AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITES. THE UNIVERSITY'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE GENERAL PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN INVESTMENT IN CORPORATE SUBS -337. SCHEDULE L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: SARAH C. MALIK (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: FAMILY MEMBER OF OFFICER, TRUSTEE, OR KEY EMPLOYEE (C) AMOUNT OF TRANSACTION: $98,615 (D) DESCRIPTION OF TRANSACTION: COMPENSATION (E) AMOUNT OF TRANSACTION: $31,416 (F) DESCRIPTION OF TRANSACTION: BENEFITS (G) SHARING OF ORGANIZATION REVENUES? = NO (G) AMOUNT OF TRANSACTION: $19,000 (H) DESCRIPTION OF TRANSACTION: TUITION EXCHANGE AND WAIVER (I) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: JAMES C. GREENE (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: FAMILY MEMBER OF OFFICER. JAMES GREENE WAS AN EMPLOYEE OF THE UNIVERSITY PRIOR TO OFFICER'S EMPLOYMENT. (C) AMOUNT OF TRANSACTION: $60,496 (D) DESCRIPTION OF TRANSACTION: COMPENSATION (E) AMOUNT OF TRANSACTION: $2,683 (F) DESCRIPTION OF TRANSACTION: BENEFITS (G) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: IRMA JULIE GREENE (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: FAMILY MEMBER OF OFFICER. JULIE GREENE WAS AN EMPLOYEE OF THE UNIVERSITY PRIOR TO OFFICER'S EMPLOYMENT. (C) AMOUNT OF TRANSACTION: $75,316 (D) DESCRIPTION OF TRANSACTION: COMPENSATION (E) AMOUNT OF TRANSACTION: $29,526 (F) DESCRIPTION OF TRANSACTION: BENEFITS (G) AMOUNT OF TRANSACTION: $25,783 (H) DESCRIPTION OF TRANSACTION: TUITION EXCHANGE AND WAIVER (I) SHARING OF ORGANIZATION REVENUES? = NO WILDCAT REALTY HOLDINGS LLC 8 ABBOTT PARK PLACE PROVIDENCE RI 02903 454834756 REAL ESTATE HOLDINGS RI 0 1596804 JOHNSON & WALES UNIVERSITY JOHNSON & WALES UNIVERSITY CLUB 8 ABBOTT PARK PLACE PROVIDENCE RI 02903 050366691 RETAIL SALES RI JOHNSON & WALES UNIVERSITY C 1.00000 1 CHARITABLE REMAINDER ANNUITY TRUST(1) CHARITABLE TRUST RI JOHNSON & WALES UNIVERSITY T 1 CHARITABLE REMAINDER UNITRUST(1) CHARITABLE TRUST RI JOHNSON & WALES UNIVERSITY T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0