SALVE REGINA UNIVERSITY: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- SALVE REGINA UNIVERSITY (EIN 05-0259080)
- Tax period
- 2016-07-01 to 2017-06-30
- Filed
- 2018-05-03
- IRS object ID
- 201811239349301601
- Schema version
- 2016v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-05-03T14:01:57-05:00 | ReturnTs |
| Tax Period End | 2017-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 263753134 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CBIZ MHM LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 Boylston Street | AddressLine1Txt |
| City | Boston | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02116 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 050259080 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Salve Regina University | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SALV | BusinessNameControlTxt |
| Phone | 4013412142 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 ochre point avenue | AddressLine1Txt |
| City | newport | CityNm |
| State Abbreviation | RI | StateAbbreviationCd |
| ZIP | 028404190 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | William b hall | PersonNm |
| Person Title | vp of administration/cfo | PersonTitleTxt |
| Phone | 4013412142 | PhoneNum |
| Signature | 2018-04-30 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Brenda L Booth | PreparerPersonNm |
| PTIN | P01342395 | PTIN |
| Phone | 6177610600 | PhoneNum |
| Preparation | 2018-04-30 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 207.172.72.163 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2018-04-30 | IPDt |
| IP Tm | 09:22:39 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 6EBF32EC077803D5773B28E578504B4367373832 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | jane gerety rsm | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 ochre point avenue | AddressLine1Txt |
| City | newport | CityNm |
| State Abbreviation | RI | StateAbbreviationCd |
| ZIP | 028404190 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $120,352,071 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.salve.edu | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1934 | FormationYr |
| Legal Domicile State | RI | LegalDomicileStateCd |
| Activity Or Mission | As an academic community that welcomes people of all beliefs, Salve Regina University, a Catholic institution founded by the Sisters of Mercy, seeks wisdom and promotes universal justice. The University, through teaching and research, prepares men and women for responsible lives by imparting and expanding knowledge, developing skills and cultivating enduring values. Through liberal arts and professional programs, students develop their abilities for thinking clearly and creatively, enhance their capacity for sound judgment, and prepare for the challenge of learning throughout their lives. In keeping with the traditions of the Sisters of Mercy, and recognizing that all people are stewards of God's creation, the University encourages students to work for a world that is harmonious, just and merciful. | ActivityOrMissionDesc |
| Voting Members Governing Body | 33 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 32 | VotingMembersIndependentCnt |
| Total Employee | 1572 | TotalEmployeeCnt |
| Total Volunteers | 50 | TotalVolunteersCnt |
| Total Gross UBI | -$59,653 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$59,653 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $12,532,315 | PYContributionsGrantsAmt |
| CY Contributions Grants | $5,465,275 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $95,814,369 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $97,330,486 | CYProgramServiceRevenueAmt |
| PY Investment Income | $7,512,354 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,676,545 | CYInvestmentIncomeAmt |
| PY Other Revenue | $333,858 | PYOtherRevenueAmt |
| CY Other Revenue | $260,426 | CYOtherRevenueAmt |
| PY Total Revenue | $116,192,896 | PYTotalRevenueAmt |
| CY Total Revenue | $104,732,732 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $34,851,335 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $36,220,383 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $38,778,848 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $38,915,046 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,011,145 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $26,740,406 | PYOtherExpensesAmt |
| CY Other Expenses | $27,491,288 | CYOtherExpensesAmt |
| PY Total Expenses | $100,370,589 | PYTotalExpensesAmt |
| CY Total Expenses | $102,626,717 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $15,822,307 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $2,106,015 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $183,606,918 | TotalAssetsBOYAmt |
| Total Assets EOY | $188,954,243 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $62,130,717 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $60,685,510 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $121,476,201 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $128,268,733 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | As an academic community that welcomes people of all beliefs, Salve Regina University, a Catholic institution founded by the Sisters of Mercy, seeks wisdom and promotes universal justice. The University, through teaching and research, prepares men and women for responsible lives by imparting and expanding knowledge, developing skills and cultivating enduring values. Through liberal arts and professional programs, students develop their abilities for thinking clearly and creatively, enhance their capacity for sound judgment, and prepare for the challenge of learning throughout their lives. In keeping with the traditions of the Sisters of Mercy, and recognizing that all people are stewards of God's creation, the University encourages students to work for a world that is harmonious, just and merciful. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $91,900,578 | ExpenseAmt |
| Grant | $36,220,383 | GrantAmt |
| Revenue | $97,330,486 | RevenueAmt |
| Desc | Salve Regina University (the "University"), located in Newport, Rhode Island, is a small comprehensive Catholic university which opened in 1947 and is accredited by the New England Association of Schools and Colleges. The University was founded by and continues to be sponsored by the Sisters of Mercy. The University enrolls approximately 2,500 men and women in a variety of academic programs. The University's student population is predominantly from the Northeast region of the United States. The undergraduate programs are based on the liberal arts. The University offers Associates, Baccalaureate, Master degrees, a Certificate of Advanced Graduate Study and a Ph.D. in Humanities. | Desc |
| Total Program Service Expenses | $91,900,578 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | Yes (1) | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | Yes (1) | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 3764 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 1572 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 33 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 32 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | RI | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Michael N Grandchamp | PersonNm |
| Phone | 4013412142 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | c/o Salve Regina University 100 | AddressLine1Txt |
| City | newport | CityNm |
| State Abbreviation | RI | StateAbbreviationCd |
| ZIP | 02840 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (43 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Institutional TrusteeInstitutionalTrusteeInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| Victoria Almeida | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| David Bazarsky | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Lily Bentas | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Norman Beretta | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Frederick Butler | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| CHRISTOPHER CARNEY | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Peter Crowley | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Mary Ann Dillon RSM | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Edward O Handy | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Christine Kavanagh RSM | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Marie Langlois | |||||||||
| Trustee, vice chair | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |||
| Gloria Lincourt | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Bernard McKay | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| michael mcmahon | |||||||||
| trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Cheryl Mrozowski | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Marypatricia Murphy RSM | |||||||||
| Trustee, Secretary/Treasurer | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |||
| David Nelson | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| J Timothy O'Reilly | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| JOHN CONEYS | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| ELLIOT MAXWELL | |||||||||
| TRustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Paul Perrault | |||||||||
| TRustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Kathleen Walgreen | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Kenneth Walker | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| David Wallace | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| ROBERT MORAN JR | |||||||||
| TRUSTEe | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| MICHAEL STAFF | |||||||||
| TRustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Janet Robinson | |||||||||
| trustee, chairperson | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |||
| Sarah Rodgers O'Neill | |||||||||
| TRustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Thomas Rodgers | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Julia Upton RSM | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Denice Spero | |||||||||
| Trustee | 1.00 | Yes (X) | $0 | $0 | $0 | ||||
| Jane Gerety RSM | |||||||||
| President | 35.00 | Yes (X) | $0 | $0 | $69,436 | Yes (X) | |||
| Conference for Mercy Higher Education | |||||||||
| Trustee | 1.00 | $0 | $0 | $0 | Yes (X) | ||||
| William Hall | |||||||||
| VP Administration/CFO | 35.00 | $261,629 | $0 | $97,940 | Yes (X) | ||||
| M Therese Antone RSM | |||||||||
| Chancellor | 35.00 | $0 | $0 | $89,702 | Yes (X) | ||||
| Michael Semenza | |||||||||
| VP University Relations/Advancement | 35.00 | $195,336 | $0 | $33,898 | Yes (X) | ||||
| Scott Zeman | |||||||||
| Provost | 35.00 | $211,539 | $0 | $24,456 | Yes (X) | ||||
| James Ludes | |||||||||
| Executive Director Pell Center | 35.00 | $156,648 | $0 | $12,367 | Yes (X) | ||||
| Michael Grandchamp | |||||||||
| Associate VP Finance | 35.00 | $150,004 | $0 | $36,975 | Yes (X) | ||||
| James Fowler | |||||||||
| VP for Student Enrollment | 35.00 | $142,345 | $0 | $38,738 | Yes (X) | ||||
| Barbara Lomonaco | |||||||||
| VP for Student Development | 35.00 | $143,361 | $0 | $19,834 | Yes (X) | ||||
| Glenn Clark | |||||||||
| AVP Technology/CIO | 35.00 | $131,630 | $0 | $34,224 | Yes (X) | ||||
| Eric Miller | |||||||||
| Director of Facility/Grounds | 35.00 | $129,548 | $0 | $11,091 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,522,040 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $468,661 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 47 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| farrar & associates | |||||
| 31A bridge street | newport | RI | 02840 | General Construction Contractor | $9,145,539 |
| Atrion Networking Corporation | |||||
| P O Box 970058 | Boston | MA | 022970058 | Network Consulting | $893,352 |
| Computer Telephone Inc | |||||
| 60 Alhambra Rd | warwick | RI | 02886 | technology services | $406,917 |
| Lifespan | |||||
| P O Box 414546 | BOSTON | MA | 022414546 | Health Services | $383,432 |
| Whalley Computer Associates | |||||
| 1 Whalley Way | Southwick | MA | 01077 | Technology Services | $357,155 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 10 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $474,925 | FundraisingAmt |
| Government Grants | $716,635 | GovernmentGrantsAmt |
| All Other Contributions | $4,273,715 | AllOtherContributionsAmt |
| Noncash Contributions | $1,077,274 | NoncashContributionsAmt |
| Total Contributions | $5,465,275 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Tuition | 611710 | $77,178,127 | $77,178,127 |
| Room | 611710 | $9,932,799 | $9,932,799 |
| Meal Plan | 611710 | $6,741,048 | $6,741,048 |
| Fees | 611710 | $3,478,512 | $3,478,512 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $97,330,486 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $53,384 | TotalRevenueColumnAmt |
| Exclusion | $53,384 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,535 | TotalRevenueColumnAmt |
| Exclusion | $1,535 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $998,860 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $927,477 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $71,383 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $71,383 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$59,653 | UnrelatedBusinessRevenueAmt |
| Exclusion | $131,036 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $16,182,225 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $14,560,599 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,621,626 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,621,626 | TotalRevenueColumnAmt |
| Exclusion | $1,621,626 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $78,430 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $474,925 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $131,263 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$52,833 | TotalRevenueColumnAmt |
| Exclusion | -$52,833 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| bookstore | 900099 | $143,885 | $143,885 |
| vendor rebate | 900099 | $70,607 | $70,607 |
| United Educators Subscriber Acct | 900099 | $16,822 | $16,822 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $10,562 | TotalRevenueColumnAmt |
| Exclusion | $10,562 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $241,876 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $104,732,732 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $97,330,486 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$59,653 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,996,624 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $35,554,275 | TotalAmt |
| Program Services | $35,554,275 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $666,108 | TotalAmt |
| Program Services | $666,108 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,601,484 | TotalAmt |
| Program Services | $618,576 | ProgramServicesAmt |
| Management And General | $854,344 | ManagementAndGeneralAmt |
| Fundraising | $128,564 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,619,527 | TotalAmt |
| Program Services | $24,747,579 | ProgramServicesAmt |
| Management And General | $3,362,417 | ManagementAndGeneralAmt |
| Fundraising | $509,531 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,012,506 | TotalAmt |
| Program Services | $1,624,117 | ProgramServicesAmt |
| Management And General | $337,341 | ManagementAndGeneralAmt |
| Fundraising | $51,048 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,452,382 | TotalAmt |
| Program Services | $3,596,895 | ProgramServicesAmt |
| Management And General | $776,458 | ManagementAndGeneralAmt |
| Fundraising | $79,029 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,229,147 | TotalAmt |
| Program Services | $1,857,751 | ProgramServicesAmt |
| Management And General | $322,582 | ManagementAndGeneralAmt |
| Fundraising | $48,814 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,372 | TotalAmt |
| Management And General | $20,372 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $112,845 | TotalAmt |
| Management And General | $112,845 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,000 | TotalAmt |
| Management And General | $34,000 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $600,966 | TotalAmt |
| Program Services | $600,966 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,479,018 | TotalAmt |
| Program Services | $2,029,378 | ProgramServicesAmt |
| Management And General | $446,337 | ManagementAndGeneralAmt |
| Fundraising | $3,303 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $369,955 | TotalAmt |
| Program Services | $317,200 | ProgramServicesAmt |
| Management And General | $52,755 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $369,718 | TotalAmt |
| Program Services | $57,919 | ProgramServicesAmt |
| Management And General | $311,799 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,515,757 | TotalAmt |
| Program Services | $1,131,662 | ProgramServicesAmt |
| Management And General | $384,095 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,448,004 | TotalAmt |
| Program Services | $2,964,628 | ProgramServicesAmt |
| Management And General | $408,882 | ManagementAndGeneralAmt |
| Fundraising | $74,494 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,170,038 | TotalAmt |
| Program Services | $895,477 | ProgramServicesAmt |
| Management And General | $256,292 | ManagementAndGeneralAmt |
| Fundraising | $18,269 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,451,969 | TotalAmt |
| Program Services | $1,451,219 | ProgramServicesAmt |
| Management And General | $750 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,869,932 | TotalAmt |
| Program Services | $6,126,936 | ProgramServicesAmt |
| Management And General | $742,996 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $949,179 | TotalAmt |
| Program Services | $836,231 | ProgramServicesAmt |
| Management And General | $112,948 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| food services | $3,317,766 | $3,308,082 | $9,684 | |
| special projects/events | $1,557,767 | $1,315,527 | $223,553 | $18,687 |
| supplies | $1,025,571 | $932,403 | $77,990 | $15,178 |
| EQUIPMENT RENTAL/MAINT. | $600,943 | $125,739 | $475,204 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,597,488 | TotalAmt |
| Program Services | $1,141,910 | ProgramServicesAmt |
| Management And General | $391,350 | ManagementAndGeneralAmt |
| Fundraising | $64,228 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $102,626,717 | TotalAmt |
| Program Services | $91,900,578 | ProgramServicesAmt |
| Management And General | $9,714,994 | ManagementAndGeneralAmt |
| Fundraising | $1,011,145 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $868,376 | BOYAmt |
| EOY | $849,024 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,308,971 | BOYAmt |
| EOY | $5,676,845 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,636,376 | BOYAmt |
| EOY | $3,535,944 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,711,391 | BOYAmt |
| EOY | $1,284,678 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,523,933 | BOYAmt |
| EOY | $2,398,357 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $47,224 | BOYAmt |
| EOY | $57,011 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $395,325 | BOYAmt |
| EOY | $375,650 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $203,955,475 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $97,800,975 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $99,528,494 | BOYAmt |
| EOY | $106,154,500 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,420,627 | BOYAmt |
| EOY | $30,502,379 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,416,472 | BOYAmt |
| EOY | $29,408,202 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,749,729 | BOYAmt |
| EOY | $8,711,653 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $183,606,918 | BOYAmt |
| EOY | $188,954,243 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,849,338 | BOYAmt |
| EOY | $7,253,245 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,527,213 | BOYAmt |
| EOY | $46,185,974 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $200,519 | BOYAmt |
| EOY | $24,509 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,553,647 | BOYAmt |
| EOY | $7,221,782 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $62,130,717 | BOYAmt |
| EOY | $60,685,510 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $98,100,151 | BOYAmt |
| EOY | $106,903,701 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,110,212 | BOYAmt |
| EOY | $5,842,707 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,265,838 | BOYAmt |
| EOY | $15,522,325 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $121,476,201 | BOYAmt |
| EOY | $128,268,733 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $183,606,918 | BOYAmt |
| EOY | $188,954,243 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $2,106,015 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $5,119,860 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$433,343 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,099,451 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,445,119 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,007,276 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $12,532,315 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,465,275 | CurrentTaxYearAmt |
| Total | $31,549,436 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,099,451 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,445,119 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,007,276 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $12,532,315 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,465,275 | CurrentTaxYearAmt |
| Total | $31,549,436 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $6,347,503 | SubstantialContributorsTotAmt |
| Public Support Total170 | $25,201,933 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,080,333 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $929,501 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $951,678 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $816,508 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $320,598 | CurrentTaxYearAmt |
| Total | $4,098,618 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $50,103 | CurrentTaxYearMinus2YearsAmt |
| Total | $50,103 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $351,637 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $463,437 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $319,403 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $347,351 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $320,306 | CurrentTaxYearAmt |
| Total | $1,802,134 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $37,500,291 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $452,734,531 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.67200 | PublicSupportCY170Pct |
| Public Support PY170 | 0.68350 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | form 990, schedule a, Part I, line 7: | FormAndLineReferenceDesc |
| Explanation | THE BASIS OF salve regina university'S PUBLIC CHARITY STATUS HAS BEEN AND CONTINUES TO BE ITS QUALIFICATION AS A SCHOOL DESCRIBED IN SECTION 170(B)(1)(A)(II). THE ORGANZIATION HAS CHECKED BOX 7 ON SCHEDULE A, PART I AND COMPLETED SCHEDULE A, PART II IN ORDER TO DEMONSTRATE ITS QUALIFICATION TO FOLLOW THE SPECIAL RULE FOR ABBREVIATED REPORTING OF CONTRIBUTIONS ON FORM 990, SCHEDULE B. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | Yes (1) | DirectContactLegislatorsInd |
| Direct Contact Legislators | $34,000 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | 0 | OtherActivitiesInd |
| Total Lobbying Expenditures | $34,000 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part II-B, Line 1: | FormAndLineReferenceDesc |
| Explanation | The University retains consultants to help the University understand the inner workings of the Federal legislative branch of the government. The consultants help provide knowledge of potential funding opportunities and how best to take advantage of those funding opportunities and further the mission of the University. | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Historic Structure | Yes (X) | HistoricStructureInd |
| Total Easements | 1 | TotalEasementsCnt |
| Total Acreage | 0.00 | TotalAcreageCnt |
| Historic Structure Easements | 1 | HistoricStructureEasementsCnt |
| Historic Strctr Easements Aftr | 0 | HistoricStrctrEasementsAftrCnt |
| Modified Easements | 0 | ModifiedEasementsCnt |
| States Easements Held | 1 | StatesEasementsHeldCnt |
| Written Policy Monitoring | Yes (1) | WrittenPolicyMonitoringInd |
| Staff Hours Spent Enforcement | 0.00 | StaffHoursSpentEnforcementCnt |
| Expenses Incurred Enforcement | $0 | ExpensesIncurredEnforcementAmt |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $53,951,000 | BeginningYearBalanceAmt |
| Contributions | $2,435,000 | ContributionsAmt |
| Investment Earnings Or Losses | $5,976,000 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $358,000 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,119,000 | OtherExpendituresAmt |
| End Year Balance | $59,885,000 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $57,006,000 | BeginningYearBalanceAmt |
| Contributions | $1,760,000 | ContributionsAmt |
| Investment Earnings Or Losses | -$2,400,000 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $339,000 | GrantsOrScholarshipsAmt |
| Other Expenditures | $2,076,000 | OtherExpendituresAmt |
| End Year Balance | $53,951,000 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $58,633,000 | BeginningYearBalanceAmt |
| Contributions | $1,518,000 | ContributionsAmt |
| Investment Earnings Or Losses | -$898,000 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $338,000 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,909,000 | OtherExpendituresAmt |
| End Year Balance | $57,006,000 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $49,967,000 | BeginningYearBalanceAmt |
| Contributions | $2,805,000 | ContributionsAmt |
| Investment Earnings Or Losses | $7,891,000 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $318,000 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,712,000 | OtherExpendituresAmt |
| End Year Balance | $58,633,000 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $44,393,000 | BeginningYearBalanceAmt |
| Contributions | $3,455,000 | ContributionsAmt |
| Investment Earnings Or Losses | $3,982,000 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $293,000 | GrantsOrScholarshipsAmt |
| Other Expenditures | $1,570,000 | OtherExpendituresAmt |
| End Year Balance | $49,967,000 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.75120 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.19470 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.05410 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,923,648 | OtherCostOrOtherBasisAmt |
| Book Value | $5,923,648 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $164,519,171 | OtherCostOrOtherBasisAmt |
| Depreciation | $74,557,174 | DepreciationAmt |
| Book Value | $89,961,997 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $31,217,690 | OtherCostOrOtherBasisAmt |
| Depreciation | $21,747,150 | DepreciationAmt |
| Book Value | $9,470,540 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,294,966 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,496,651 | DepreciationAmt |
| Book Value | $798,315 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $106,154,500 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (5 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| equity funds | $11,449,207 | F |
| reit | $2,316,422 | F |
| tangible asset funds | $1,561,328 | F |
| multi-strategy hedge funds | $13,314,936 | F |
| PRIVATE EQUITY | $766,309 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $29,408,202 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| student deposits | $4,947,263 |
| refundable advances - government | $1,728,136 |
| liability for funds held in trust | $546,383 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $7,221,782 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $74,729,056 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $5,119,860 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $1,058,740 | OtherRevenueAmt |
| Revenue Not Reported | $6,178,600 | RevenueNotReportedAmt |
| Revenue Subtotal | $68,550,456 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $600,966 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $35,581,310 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $36,182,276 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $104,732,732 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $67,936,524 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $1,058,740 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $1,058,740 | ExpensesNotReportedAmt |
| Expenses Subtotal | $66,877,784 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $600,966 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $35,147,967 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $35,748,933 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $102,626,717 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part II, Line 5: | The University entered into a fifty year easement with the Rhode Island Historic Preservation Society in exchange for a grant intended to help defray the exterior restoration of Ochre Court. Ochre Court, an architecturally significant structure, is used to house University administration. The nature of the easement is such that the University must keep the exterior intact and cannot modify said exterior without the express approval of the RI Historic Preservation Society. In addition, said structure's exterior must be allowed to be viewed by the general public. No modifications have been made since the restoration nor has public access been blocked. |
| Part II, Line 9: | The organization makes no mention of the easement in its financial statments. The easement is between the organization and the State of rhode island and stipulates that no demolition or alteration can be made to the exterior of Ochre Court, located in Newport, RI. The organization is aware of the easement and no changes have been made to the exterior thus there is no devoted staff for monitoring, inspecting and/or enforcement of the easement. |
| Part V, Line 4: | The University uses the endowment funds strictly in accordance with donor intention. The majority of permanent endowment is held for scholarship, teaching, and program expenses. A small portion of the permanent endowment is for student related activities such as athletic programs. The unrestricted endowment is kept in financial reserves to be used at the board of trustees discretion. |
| Part X, Line 2: | The University accounts for the effect of any uncertain tax positions based on a "more likely than not" threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a "cumulative probability assessment" that aggregates the estimated tax liability for all uncertain tax positions. The University has identified its tax status as a tax exempt entity as its only significant tax position; however, the University has determined that such tax position does not result in an uncertainty requiring recognition. The University is not currently under examination by any taxing jurisdiction. The University's Federal and state tax returns are generally open for examination for three years following the date filed. |
| Part XI, Line 2d - Other Adjustments: | RENTAL expenses 927,477. fundraising expenses 131,263. |
| Part XI, Line 4b - Other Adjustments: | scholarships and grants 35,147,967. WRITE-OFF of building and equipment 210,201. change in split interest value 223,142. |
| Part XII, Line 2d - Other Adjustments: | RENTAL expenses 927,477. fundraising expenses 131,263. |
| Part XII, Line 4b - Other Adjustments: | scholarships and grants 35,147,967. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule E, Part I, Line 3 | A non-discriminatory policy statement is included in all public announcements and publications. |
| Schedule E, Part I, Line 6 | The university receives federal government funds (title iv) to be used in the student financial aid program. the funds received include pell grants, supplemental education opportunity grants, federal work study and participation in the federal direct loan programs (subsidized stafford, unsubsidized stafford, parent plus loans). In addition, the university received an appropriation from the federal government for use in the rehabilitative services graduate department. All grants are reviewed, evaluated and reported (A-133) by the university's independent auditor, Mayer Hoffman McCann PC. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (5 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt | Specific Services ProvidedSpecificServicesProvidedTxt |
|---|---|---|---|---|---|
| Central America and the Caribbean | 0 | 0 | investments | $7,050,000 | |
| East Asia and the Pacific | 0 | 0 | grants to recipients located in region | $49,850 | scholarships to students studying abroad |
| Central America and the Caribbean | 0 | 0 | grants to recipients located in region | $14,300 | scholarships to students studying abroad |
| Europe (Including Iceland & Greenland) | 0 | 0 | grants to recipients located in region | $555,023 | scholarships to students studying abroad |
| South America | 0 | 0 | grants to recipients located in region | $46,935 | scholarships to students studying abroad |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continutation Total Office | 0 | ContinutationTotalOfficeCnt |
| Continutation Total Employee | 0 | ContinutationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $7,716,108 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $7,716,108 | TotalSpentAmt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp (4 entries)
| RegionRegionTxt | RecipientRecipientCnt | Non Cash AssistanceNonCashAssistanceAmt | Description Of Non Cash AsstDescriptionOfNonCashAsstTxt | Valuation Method UsedValuationMethodUsedDesc |
|---|---|---|---|---|
| East Asia and the Pacific | 5 | $49,850 | direct reduction of tuition | fmv |
| Europe (Including Iceland & Greenland) | 62 | $555,023 | Direct reduction of tuition | FMV |
| Central America and the Caribbean | 1 | $14,300 | Direct reduction of tuition | FMV |
| South America | 3 | $46,935 | Direct reduction of tuition | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | Yes (1) | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | Eligibility for need-based financial aid is determined by federal Department of Education regulations and University policies governing financial aid programs. Using the information provided on the Free Application for Federal Student Aid (FAFSA), the CSS Profile and other required documentation, the Office of Financial Aid will calculate the amount of family resources a family is expected to contribute towards a student's educational costs. These resources, known as the Expected Family Contribution (EFC), are subtracted from a standard budget of educational expenses, or Cost of Attendance. The Cost of Attendance includes direct costs, for which the student receives a billing statement (tuition, fees and on-campus room and board) as well as estimated indirect costs not billed by the University (books, supplies, personal expenses, transportation and off-campus room and board). The difference between the Expected Family Contribution (EFC) and the Cost of Attendance (COA) is the family's maximum eligibility for need-based assistance. To remain eligible for federal, state and institutional financial aid, a student must meet the minimum requirements of satisfactory academic progress as published in the Undergraduate Catalog. | ExplanationTxt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | Governors Ball | Event1Nm |
| Gross Receipts Event1 | $434,980 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $383,800 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $51,180 | GrossRevenueEvent1Amt |
| Other Direct Expenses Event1 | $70,573 | OtherDirectExpensesEvent1Amt |
| Event2 | Golf Outing | Event2Nm |
| Gross Receipts Event2 | $118,375 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $91,125 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $27,250 | GrossRevenueEvent2Amt |
| Other Direct Expenses Event2 | $60,690 | OtherDirectExpensesEvent2Amt |
| Gross Receipts Total | $553,355 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $474,925 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $78,430 | GrossRevenueTotalEventsAmt |
| Oth Direct Expnss Total Events | $131,263 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $131,263 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$52,833 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|---|---|
| SCHOLARSHIPS/grants | 1933 | $0 | $34,481,858 | FMV | Scholarship serving to reduce tuition charged to students |
| federal scholarships/grants/aid | 780 | $0 | $1,072,417 | FMV | Scholarship serving to reduce tuition charged to students |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | Eligibility for need-based financial aid is determined by federal Department of Education regulations and University policies governing financial aid programs. Using the information provided on the Free Application for Federal Student Aid (FAFSA), the CSS Profile and other required documentation, the Office of Financial Aid will calculate the amount of family resources a family is expected to contribute towards a student's educational costs. These resources, known as the Expected Family Contribution (EFC), are subtracted from a standard budget of educational expenses, or Cost of Attendance. The Cost of Attendance includes direct costs, for which the student receives a billing statement (tuition, fees and on-campus room and board) as well as estimated indirect costs not billed by the University (books, supplies, personal expenses, transportation and off-campus room and board). The difference between the Expected Family Contribution (EFC) and the Cost of Attendance (COA) is the family's maximum eligibility for need-based assistance. To remain eligible for federal, state and institutional financial aid, a student must meet the minimum requirements of satisfactory academic progress as published in the Undergraduate Catalog. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Personal Services | Yes (X) | PersonalServicesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| William Hall | ||||||||||||||
| VP Administration/CFO | $261,129 | $0 | $0 | $0 | $500 | $0 | $39,449 | $0 | $58,491 | $0 | $359,569 | $0 | $0 | $0 |
| Michael Semenza | ||||||||||||||
| VP University Relations/Advancement | $194,845 | $0 | $0 | $0 | $491 | $0 | $25,195 | $0 | $8,703 | $0 | $229,234 | $0 | $0 | $0 |
| Scott Zeman | ||||||||||||||
| Provost | $211,047 | $0 | $0 | $0 | $492 | $0 | $15,752 | $0 | $8,704 | $0 | $235,995 | $0 | $0 | $0 |
| James Ludes | ||||||||||||||
| Executive Director Pell Center | $156,275 | $0 | $0 | $0 | $373 | $0 | $11,934 | $0 | $433 | $0 | $169,015 | $0 | $0 | $0 |
| Michael Grandchamp | ||||||||||||||
| Associate VP Finance | $150,004 | $0 | $0 | $0 | $0 | $0 | $11,754 | $0 | $25,221 | $0 | $186,979 | $0 | $0 | $0 |
| James Fowler | ||||||||||||||
| VP for Student Enrollment | $141,970 | $0 | $0 | $0 | $375 | $0 | $12,022 | $0 | $26,716 | $0 | $181,083 | $0 | $0 | $0 |
| Barbara Lomonaco | ||||||||||||||
| VP for Student Development | $143,361 | $0 | $0 | $0 | $0 | $0 | $11,269 | $0 | $8,565 | $0 | $163,195 | $0 | $0 | $0 |
| Glenn Clark | ||||||||||||||
| AVP Technology/CIO | $131,630 | $0 | $0 | $0 | $0 | $0 | $10,932 | $0 | $23,292 | $0 | $165,854 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 1a | The President and chancellor are allowed use of a residence on campus for both personal and University related business use. Also, by contract, the chancellor is a member of a local social club and country club for which the University is responsible for the payment of dues. Both clubs can be used for both personal and University related business use. lastly, the president and chancellor have an individual who performs housekeeping services in their residence and an individual who will drive them to university functions. these benefits are not treated as taxable compensation. |
| PART II: | The University was founded by the Sisters of Mercy and has employees who are affiliated with this religious order. Because of the nature of the order and the poverty vows taken by Sisters listed on Form 990, Part VII, W-2 earnings are not reported as these employees are not directly taxable due to religious affiliation. Rather, their compensation is made payable primarily to the Sisters of Mercy and it is the order that determines what portion the employees will receive. Total compensation to the sisters of mercy totaled $721,617 for the 2016 calendar year of which the president and chancellor were a part of. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| RI health and educational building corporation | ||||||||
| A | 050259080 | NoneAvail | 2011-12-19 | $32,980,000 | current refund of 3 prior issues (1999, 2002A, 2002B) | 0 | 0 | 0 |
| RI health and educational building corporation | ||||||||
| B | 050259080 | NoneAvail | 2015-05-07 | $27,500,000 | Refund 2006 & Renovation/Addition Academic Facility | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)
| Bond ReferenceBondReferenceCd | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | Substantial CompletionSubstantialCompletionYr | Current RefundingCurrentRefundingInd | Advance RefundingAdvanceRefundingInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | Other Spent ProceedsOtherSpentProceedsAmt |
|---|---|---|---|---|---|---|---|---|---|
| A | $32,980,000 | $657,590 | $32,322,410 | 2012 | Yes (1) | 0 | Yes (1) | Yes (1) | |
| B | $27,500,000 | $475,000 | $23,740,000 | 2017 | Yes (1) | 0 | Yes (1) | Yes (1) | $3,285,000 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
| B | 0 | 0 | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | Yes (1) |
| B | 0 | Yes (1) | 0 | 0 | Yes (1) | 0 | 0 | 0 | Yes (1) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | Yes (1) |
| B | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I: | FormAndLineReferenceDesc |
| Explanation | during 2011, the university entered into another tax exempt debt arrangement through the rhode island health and education building corporation (rihebc). the total debt offering totaled $32,980,000. the issue, dated december 19, 2011 was a fixed rate debt offering that qualified under section 501(c)(3) non-hospital bonds. this entire offering was a private placement with century bank located in medford, massachusetts. the university utilized said proceeds (plus the debt service reserve and principal/interest deposit accounts) solely for the refinancing of three existing fixed rate debt offerings to achieve a more favorable interest rate. proceeds from the three original offerings, one from 1999 and two from 2002, were used for a number of different purposes from dormitory construction, library construction, recreation center construction, dormitory renovation, and property purchases for dormitory and admin. use. in each instance, all facilities involved do not have any private business use. lastly, all proceeds were expended with 3 months of the date of issue. During 2015, the university entered into a tax exempt debt arrangement through the Rhode Island Health and Education Building Corporation (RIHEBC). The total debt offering totaled 27,500,000. The issue, dated May 7, 2015 was split into three separate sub issues (A,B and C) with one being a fixed rate offering and the other two were variable rate offerings. The entire arrangement qualified under Section 501(C)(3) non-hospital bonds. This entire offering was a private placement with Century Bank located in Medford, Massachusetts. The University will use the majority of the proceeds for the addition and renovation to its main academic facility (O'Hare Academic Center). In addition, the balance of the proceeds were used to refund the exisiting 2006 issue whose purpose was for the renovation of three separate academic facilities (Antone Center for the Arts, McAuley Hall and Angelus Hall). All four facilities in question do not have any private business use. The project was completed during the winter of 2017 and the construction fund was fully liquidated in January 2017. | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Chelsea Buffington | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | Wife of Provost | RelationshipDescriptionTxt |
| Transaction | $43,450 | TransactionAmt |
| Transaction | Employment | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part IV: | FormAndLineReferenceDesc |
| Explanation | The University follows a strict policy for hiring faculty and staff. In addition, Salve Regina University is an equal opportunity/affirmative action employer. Candidates are hired into positions using both internal transfers and external candidates. All employees are interviewed and evaluated based upon the qualifications included in the job description for the position offered. All employees are hired at an arm's length and are fully qualified for the position that they fill. | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 14 | ContributionCnt |
| Noncash Contributions Rpt F990 | $1,077,274 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV on date of gift | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Column (b): | FormAndLineReferenceDesc |
| Explanation | The number presented on schedule M, Part I represents the number of contributions of non-cash gifts. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, line 6 | For an explanation, see the response to Form 990, Part VI, Line 7b below. |
| Form 990, Part VI, Section A, line 7b | The Corporate membership shall consist of a single entity affiliated with or sponsored by the Institute of the Sisters of Mercy of the Americas, Inc., which is Conference for Mercy Higher Education, Inc., a Maryland nonstock, not-for-profit corporation (the "CMHE Corporation"). The CMHE Corporation was incorporated, among other things, for the purpose of maintaining and enhancing the Mercy mission for the various Sisters of Mercy colleges and universities throughout the United States. As such, the CMHE Corporation can be a valuable resource for the University for consultation and collaboration. Notwithstanding any provision to the contrary contained in the By-laws, the following matters shall be reserved powers and shall be authorized only by a vote of the Corporate Member: (a) the liquidation, dissolution or merger of the Corporation in conjunction with the Board of Trustees. (b) amendment of the Articles of Incorporation in conjunction with the Board of Trustees. (c) confirmation of appointment of the President selected by the Board of Trustees. the affairs of salve regina university shall be managed by its board of trustees who shall exercise all powers except such powers that are reserved for the corporate member in items a-c listed above. |
| Form 990, Part VI, Section B, line 11b | The information for the IRS form 990 is compiled by several members of University administration, primarily the Associate VP for Finance, Vice President for Administration/CFO, and the Associate VP for Human Resources. The review function for this filing rests with the Audit Committee by the virtue of appointment by the Board of Trustees. The Audit Committee is empowered to act on behalf of the full board to review and approve the 990 prior to filing. Each trustee member receives a copy of the filing after the 990 is approved prior to filing and is privy to the minutes of said Audit Committee meetings. |
| Form 990, Part VI, Section B, line 12c | At the annual meeting of the Board of Trustees held in October each year, all Trustees, Officers, and key employees must complete a conflict of interest questionnaire. This form discloses any direct business associations, family members and or business associations of family members that exist to put the University on notice of potential conflicts. This information is shared with Senior Administration for monitoring on a day to day basis. If a potential conflict or question arises, it should be reported to the president to be reviewed with the executive committee of the board of trustees for approval or for such action as the executive committee may determine. it is the responsibility of the executive committee to 1) call for additional information, 2) attempt to resolve any conflicts, 3) determine whether a conflict of interest is present (utilizing legal counsel if necessary) and report it to the board of trustees for appropriate action. |
| Form 990, Part VI, Section B, line 15 | In May of each year, a questionnaire/evaluation is sent to all Trustees regarding the President's performance. The evaluations are returned to the Chairman of the Board and the results are reviewed and tabulated. Each year, the Chairman of the Board contacts the Associate Vice President of Human Resources and requests compensation survey information for the Presidents at comparable schools (the University has a set of cohort schools similar in size and nature that is used for basis of comparison). The compensation Committee of the Board meets prior to the July Board meeting. They review the results of the evaluations and compensation survey information. The Committee makes a recommendation to the full Board of Trustees. The Board of Trustees votes and approves the compensation package offered to the President at the July Board meeting (in executive session). This process is fully documented. The President meets with and evaluates each of the Vice Presidents in June of each year. The President obtains compensation survey information for the Vice Presidents for comparable schools from the Associate Vice President for Human Resources (similar cohort institutions as the President). The President reports to the Board of Trustees her recommendations for compensation for the Vice Presidents at the July board meeting in Executive session. The Board reviews the compensation offered to each Vice President. This process is fully documented. |
| Form 990, Part VI, Section C, line 19 | Any request for public inspection requests for University forms 1023, 990, 990-T and/or audited financial statements are granted within 5 business days and can take the form of electronic communication, direct public inspection, or mailing of said documents to the inquiring party. The University currently publishes its form 990 and audited financial statements on its website at http://www.salve.edu/office-service/business-office as well. the form 990 is also available on www.guidestar.com. The governing documents and the conflict of interest policy are made available to the public upon request. |
| Form 990, Part XI, line 9: | write-off of buildings & equipment -210,201. Change in Split Interest Value -223,142. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | sru holdings llc | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 ochre point avenue | AddressLine1Txt |
| City | newport | CityNm |
| State Abbreviation | RI | StateAbbreviationCd |
| ZIP | 02840 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 050259080 | EIN |
| Primary Activities | Real Estate Holding Corp. | PrimaryActivitiesTxt |
| Legal Domicile State | RI | LegalDomicileStateCd |
| End Of Year Assets | $9,438,000 | EndOfYearAssetsAmt |
| Direct Controlling NA | N/A | DirectControllingNACd |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd | Direct Controlling NADirectControllingNACd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| stanford white casino theatre | |||||||||||
| 100 ochre point avenue | newport | RI | 02840 | 300307655 | Historic Building Restoration | RI | 501(c)(3) | Line 7 | salve regina university | Yes (1) | |
| conference for mercy higher education | |||||||||||
| 8630 fenton street 934 | silver spring | MD | 20790 | 431973007 | sponsorship | MD | 501(c)(3) | Line 1 | 0 | N/A | |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | split interest trust | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | trust | PrimaryActivitiesTxt |
| Legal Domicile State | RI | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | salve regina university | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | T | EntityTypeTxt |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part II: | FormAndLineReferenceDesc |
| Explanation | Salve Regina University has direct control of a related tax exempt organization named Stanford White Casino Theatre. The purpose of this related organization has been to restore an architecturally significant theatre located in Newport, RI. The nature of control stems from the related organization's board of trustees which is composed of Salve Regina University officers (President and CFO), and two Salve Regina University trustees. The board members serve as a volunteer board, receive no compensation, and are administratively separate. since completion of the renovation, the University has been able to use the facilities for artistic performance. With the completion of the restoration of the theatre and building opening, the university is now party to a 30 year lease agreement with the building owner, the international tennis hall of fame. Terms of the lease gives the university exclusive use, minus 40 named dates per year at the owners discretion, in exchange for a nominal annual lease payment and assumption of all operating costs. it is now home to the Salve Regina University theatre department. | ExplanationTxt |
Comments