2013-05-13T09:15:45-07:00 2012-06-30 990 2011-07-01 050277222 ROGER WILLIAMS UNIVERSITY ROGE 4012531040 One Old Ferry Road Bristol RI 02809 Jerome F Williams 4012543536 2013-05-13 2011 2016-02-24 21:20:13Z Donald J Farish One Old Ferry Road Bristol RI 02809 186878458 0 X www.rwu.edu X 1959 RI Roger Williams University is an independent university that combines the unique strengths of small liberal arts colleges and those of larger comprehensive universities and where liberal and professional education are enhanced by their integration and recognition of their unity. 25 22 3493 236 173643 0 5049619 3810805 155913928 166541963 2602394 2652649 2275908 3132096 165841849 176137513 31926561 35861602 0 0 76369047 80999521 0 0 3475380 54352288 56425438 162647896 173286561 3193953 2850952 300139000 289124000 209406000 199825000 90733000 89299000 X See Schedule O 0 0 159681113 35862002 168334067 Higher Education: Roger Williams University (the "University"), located in Bristol and Providence, Rhode Island, is an independent university of liberal arts and selected professional programs that includes the Feinstein College of Arts and Sciences, the School of Architecture, Art and Historic Preservation, the Mario J. Gabelli School of Business, the School of Education, the School of Engineering, Computing and Construction Management, the School of Justice Studies and the School of Continuing Studies. The University offers 43 undergraduate majors and 13 graduate degrees, along with numerous minors and certificate programs. The University is accredited by the New England Association of Schools and Colleges among other accrediting bodies. The University provides academic, residential and other services to a diverse student population drawn from the Northeast region of the United States, as well as from many other U.S. states and territories and more than 55 foreign countries. Enrollment for fiscal year 2012 was approximately 3747 full-time and 618 part-time undergraduates plus 196 full-time and 197 part-time graduate students 0 0 0 159681113 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 272 0 1 3493 1 1 1 1 UK 0 0 0 1 1 0 0 0 0 X 25 22 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X Jerome F Williams 4012543536 One Old Ferry Road Bristol RI 02809 Timothy E Baxter 1 X 0 0 0 Richard L Bready 1 X 0 0 0 Joseph M Brito Jr 1 X 0 0 0 Rodney A Butler 1 X 0 0 0 Gary R Chapman 1 X 0 0 0 Mario J Gabelli 1 X 0 0 0 Francis X Flaherty 1 X 0 0 0 Denise M Jenkins 1 X X 0 0 0 Jerrold L Lavine 1 X X 0 0 0 Suzanne M Magaziner 1 X 0 0 0 Mark Mandell 1 X 0 0 0 John McConnell 1 X 0 0 0 Marcia Morris 1 X 0 0 0 Sami Nacaroglu 1 X 0 0 0 Patricia Noonan 1 X 0 0 0 Helen Ostrowski 1 X 0 0 0 Scott Pray 1 X 0 0 0 Frank Rainieri Jr 1 X 0 0 0 Warren Simmons 1 X 0 0 0 Robert Stoico 1 X 0 0 0 Hala Taweel 1 X 0 0 0 Arlene Violet 1 X 0 0 0 Joseph Weisberger 1 X 0 0 0 David Wajsgras 1 X 0 0 0 Timothy Yeaton 1 X 0 0 0 Ronald O Champagne 40 X X 149089 0 13750 Donald J Farish 40 X X 226603 0 33474 Robert H Avery 40 X 214396 0 33804 Jerome F Williams 40 X 204715 0 33762 Laura DeAbruna 40 X 228750 0 20325 Lynn Fawthrop 40 X 205303 0 35819 Robert West 40 X 225881 0 34137 Jerry Dauterive 40 X 183197 0 30573 Michael Hall 40 X 158833 0 26697 Anthony Hollingsworth 40 X 184145 0 27711 Christopher Neronha 40 X 170134 0 13807 June Speakman 40 X 157468 0 57961 2308514 0 361820 145 0 1 0 Bon Appetit Management Company 100 Hamilton Avenue Palo Alto CA 94301 Dining Services/Food Costs 4947917 RAD Corp 171 VFW Drive Rockland MA 02370 Construction company 2109898 DaPonte's Landscaping Services 700 Wood Street Bristol RI 02809 Landscaping/Construction 628916 Ellucian 4375 Fair Lakes Court Fairfax VA 22033 Computer Services 628072 HELIN INC URI Library 15 Lippitt Road Kingston RI 02881 Library Consortium Services 452739 55 0 0 62375 0 2874795 873635 22292 3810805 Tuition 611310 119313379 119313379 0 0 Room & Board 611310 38270409 38270409 0 0 Student Fees 611310 7075230 7075230 0 0 1882945 1882945 0 0 166541963 621550 0 37801 583749 22643 0 0 22643 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12720702 0 10705597 6649 2015105 -6649 2008456 0 0 2008456 16580 62375 28699 -12119 0 -12119 0 0 0 0 0 0 0 0 0 0 0 0 Conferences 900099 1218432 0 2163 1216269 Justice Training Institute 900099 343239 343239 Bookstore Commission Income 900099 261482 261482 1321062 1187383 133679 0 3144215 176137513 168334067 173643 3818998 0 0 34640302 34640302 1221300 1221300 0 0 1454737 434053 682095 338589 0 0 0 0 58840990 52494213 4689477 1657300 4021972 3530532 358306 133134 12059452 10585922 1074342 399188 4622370 4057568 411794 153008 159123 0 159123 0 168292 0 168292 0 123485 0 123485 0 0 0 0 0 0 0 479246 0 479246 0 8253783 7724787 259853 269143 804635 768984 34661 990 3982572 3510226 207834 264512 2285223 1385589 897142 2492 2900 2900 0 0 7045298 6867185 178113 1758579 1623965 66668 67946 0 0 0 0 856544 806825 45598 4121 7172271 7172271 0 0 0 0 0 0 12332128 12332128 0 0 1038164 1038164 0 0 Study Abroad 3405354 3405354 0 0 Student Expense 1742171 1677670 59746 4755 Library Materials 1221112 1221112 0 0 Loss on Debt Defeasance 614673 614673 0 0 2979885 2565390 234293 180202 173286561 159681113 10130068 3475380 2200000 1719000 0 0 1092000 1638000 6938000 5072000 0 0 0 0 0 0 427000 115000 235000 80000 338141000 124677000 215580000 213464000 16942000 16744000 47167000 42421000 0 0 0 0 9558000 7871000 300139000 289124000 12402000 10103000 0 0 15430000 12415000 139876000 134437000 0 0 0 0 8083000 7310000 0 33615000 35560000 209406000 199825000 X 80329000 79912000 5235000 3095000 5169000 6292000 90733000 89299000 300139000 289124000 X 2850952 -4284952 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 64994500 237000 -1737754 170000 3679500 479246 59165000 58560500 134000 11494065 113000 4685000 396065 64994500 52735000 129500 6306468 114000 129000 367468 58560500 88760000 85000 -21336600 104000 13958000 711400 52735000 0.86 0.11 0.03 0 0 0 3712000 3712000 0 261787000 67717000 194070000 0 3629000 3491000 138000 0 69013000 53469000 15544000 0 0 0 0 213464000 0 0 Hedged equity - developed & emerging markets 21870000 F Domestic & international equities 9438000 F Fixed income securities 6660000 F Private equity 4453000 F 42421000 0 Intercompany - Roger Williams University School of Law 13260000 Line of Credit 9500000 Interest Rate Swap Obligations 3826000 Asset Retirement Obligations 3190910 Refundable Advances - U.S. Government Grants 1803000 Obligations Under Capital Leases 1449000 Charitable Annuity Obligations 802480 Post-Retirement Obligations 329000 Other Miscellaneous Long Term Liabilities 1399610 35560000 176137513 173286561 2850952 -3755207 0 0 0 -529930 -4285137 -1434185 135411448 -3755207 0 0 -36970858 -40726065 176137513 0 0 0 176137513 136845633 0 0 0 -36440928 -36440928 173286561 0 0 0 173286561 SchD_P05_S00_L04 Schedule D, Part V, Line 4 The intended use of the restricted endowment funds are dictated by the donor which are predominantly for instructional purposes and scholarships. Earnings from unrestricted endowment funds are used for operations according to the spending policy established by the University's Board of Trustees. SchD_P10_S00_L02 Schedule D, 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 jurisdictions. The University's federal tax return is generally open for examinations for three years following the date filed. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Unrealized loss on interest rate swap obligations ($149,802) and adjustment to annuity obligations ($380,128) SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Scholarships and grants provided to students of ($35,861,602) and the loss on debt defeasance of ($614,673) are presented as contra-revenue items in the audited financial statements and as expense items in the Form 990. Fundraising event expenses of $28,699 and loss on sale of property and equipment of $6,649 are shown as expense items in the audited financial statements and as contra-revenue items on the Form 990. Unrealized loss on interest rate swap obligations ($149,802) and an adjustment to annuity obligations ($380,128) are presented as contra-revenue items in the audited financial statments and as an other adjustment to reconcile the change in net assets in the Form 990. Miscellaneous rounding ($1). SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Scholarships and grants provided to students of ($35,861,602) and the loss on debt defeasance of ($614,673) are presented as contra-revenue items in the audited financial statements and as expense items in the Form 990. Fundraising event expenses of $28,699 and loss on sale of property and equipment of $6,649 are shown as expense items in the audited financial statements and as contra-revenue items on the Form 990. Miscellaneous rounding ($1). 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 The University annually publishes a notice of its racially nondiscriminatory policy in a newspaper of general circulation that serves all racial segments of the community. SchE_P01_S00_L06 Schedule E, Part I, Line 6 The University receives federal and state student financial aid authorized by student loan programs. Central America and the Caribbean 0 0 Program Services Bus Travel/Study Abroad 105076 East Asia and the Pacific 0 0 Program Services Bus Travel/Study Abroad 81453 Europe (including Iceland and Greenland) 0 0 Program Services Bus Travel/Study Abroad 186043 Middle East and North Africa 0 0 Program Services Bus Travel/Study Abroad 56048 South America 0 0 Program Services Bus Travel/Study Abroad 68754 South Asia 0 0 Program Services Bus Travel/Study Abroad 5728 Central America and the Caribbean 0 0 Investments 12697000 0 0 13200102 Scholarships to students Central America and the Caribbean 2 0 N/A 15600 Tuition offset FMV Scholarships to students East Asia and the Pacific 19 0 N/A 111571 Tuition offset FMV Scholarships to students Europe (including Iceland and Greenland) 115 0 N/A 1085129 Tuition offset FMV Scholarships to students Sub-Saharan Africa 2 0 N/A 9000 Tuition offset FMV 1 0 1 0 1 0 SchF_P01_S00_L03 Schedule F, Part I, Line 3 The study abroad programs are separately tracked in the University's general ledger system by activity and the amounts reported represent direct spending in foreign countries for tuition payments, lodging, travel and incidentals for students and faculty liaisons. The admissions recruiting and fundraising amounts are tracked primarily using the University's credit card system and represent travel, meals and lodging costs for University employees conducting business in these regions. All expenses are under the accrual method of accounting. Golf Tournament 78955 62375 16580 0 0 20551 0 0 8148 0 0 78955 62375 16580 0 0 20551 0 0 8148 28699 -12119 1 Scholarships to students. 3156 0 34640302 Reduction of the student account balance for tuition owed to the University. SchI_P01_S00_L02 Schedule I, Part I, Line 2 The University's Office of Financial Aid monitors all recipients of scholarship awards to determine both initial and continuing eligibility based on the criteria for each type of award, which may include academic performance, financial need, criteria established by donors of endowed scholarship funds, etc. X X X 1 1 X X X X X X 1 1 0 0 0 0 0 0 0 Ronald O Champagne 149089 0 0 0 0 0 0 0 13750 0 162839 0 0 0 Donald J Farish 226603 0 0 0 0 0 9577 0 23897 0 260077 0 0 0 Robert H Avery 214396 0 0 0 0 0 17513 0 16291 0 248200 0 0 0 Jerome F Williams 204715 0 0 0 0 0 16691 0 17071 0 238477 0 0 0 Laura DeAbruna 175870 0 0 0 52880 0 17523 0 2802 0 249075 0 0 0 Lynn Fawthrop 205303 0 0 0 0 0 17029 0 18790 0 241122 0 0 0 Robert West 225881 0 0 0 0 0 17846 0 16291 0 260018 0 0 0 Jerry Dauterive 183197 0 0 0 0 0 14358 0 16215 0 213770 0 0 0 Michael Hall 158833 0 0 0 0 0 10279 0 16418 0 185530 0 0 0 Anthony Hollingsworth 184145 0 0 0 0 0 11266 0 16445 0 211856 0 0 0 Christopher Neronha 170134 0 0 0 0 0 13275 0 532 0 183941 0 0 0 June Speakman 157468 0 0 0 0 0 11266 0 46695 0 215429 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a Housing Allowance- A residence on the employer's premises is used for both University business functions and as a personal residence by the President for the convenience of the employer and is treated as nontaxable compensation. The value of the personal space within the residence is included as a nontaxable benefit on Schedule J. Health or Social Club Dues-The Univeristy paid club membership dues for a key employee. Since the use of the club was for business purposes, this was not treated as taxable compensation. The University regularly cleans the President's residence and this is not treated as taxable compensation. SchJ_P01_S00_L04 Schedule J, Part I, Line 4 4a. The University entered into a severance agreement with one of its key employees in October 2011. Compensation reported on Schedules VII and J include severance payments in the amount of $52,880 for calendar year 2011. 4b. President Farish participated in a 457(f) plan and there were no payments established in calendar year 2011. RIHEBC 521300173 762243DV2 2003-11-01 32000000 Construction and Refunding 0 0 0 RIHEBC 521300173 762197AY7 2006-10-12 17200000 Construction 0 0 0 RIHEBC 521300173 762197CK5 2008-07-03 22935000 Retire 2006A Bonds 0 0 0 RIHEBC 521300173 762197CM1 2008-08-28 38000000 Construction 0 0 0 0 0 32000000 2211500 0 13133610 115309 1134005 0 15405576 0 0 2004 1 0 1 1 0 0 17200000 1137188 0 0 714671 0 0 15348141 0 0 2008 0 0 1 1 0 0 22935000 0 0 22532642 276243 0 0 126115 0 0 2009 1 0 1 1 0 0 38000000 0 0 0 488608 0 0 37511392 0 0 2010 0 0 1 1 0 0 1 0 0 0 0.017 0.017 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 X SchK_P03_S00_L03b Schedule K, Part III, Line 3b The University's inside counsel performs such review. RIHEBC 521300173 2011-06-02 26410000 Refund 1998 Bonds 0 0 0 RIHBEC 521300173 2011-11-08 12025000 Refund 2000 Bond Issue 0 0 0 0 0 26410000 0 0 25879219 237781 0 0 0 293000 0 2012 1 0 1 1 0 0 12025000 0 0 11788293 236707 0 0 0 0 0 2012 1 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 - . 6000 Tuition Adjustment F990_P03_S00_L01 Form 990, Part III, Line 1 Roger Williams University is an independent university that combines the unique strengths of small liberal arts colleges and those of larger comprehensive universities and where liberal and professional education are enhanced by their integration and recognition of their unity. At the foundation of the Institution is a set of core values that play a central role in guiding a respectful, diverse, and intellectually vibrant university community: "Love of learning as an intrinsic value", "Preparation for careers and future study", "Collaboration of students and faculty in research", "Commitment to community service", " Appreciation of global perspectives", "Promotion of civil discourse". F990_P06_S0A_L02 Form 990, Part VI, Section A, Line 2 Trustees Mario Gabelli and Richard Bready have a business relationship. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b IRS Form 990 is prepared by the Controller, VP for Accounting and Treasury Management and the Executive VP for Finance and Administration along with assistance from the University Office of General Counsel. The completed Form 990 and schedules along with relevant back up are provided to an independent accounting firm for review. Upon completion the form is provided to the Audit Committee of the Board of Trustees for review, discussion and approval. The completed and approved Form 990 is then sent to all members of the Board of Trustees prior to filing with the IRS. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c Trustees, officers, key employees and managers are all required to annually (or more frequently in the event of a new potential conflict) disclose any potential conflicts of interest by completing a conflict of interest disclosure form. These disclosures are collected by the Office of General Counsel and provided for vetting to: 1) the full Board of Trustees for Trustee disclosures; 2) the President for officer and senior management disclosures; or 3) senior management for down-line key employees and managers. Those disclosures that require further investigation or attention are addressed by their respective overseers on a case by case basis. The University's Conflict of Interest Policy and by-laws both contain provisions that provide for individuals with actual or potential conflicts to refrain from participating in discussions of, and voting on, matters where such conflict exists. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The compensation for the University's President is contractually set and is reviewed by the Executive Committee of the Board of Trustees, all members of which are independent of the President. The Executive Committee's review currently includes, but is not limited to the use of comparability data and other outside consultants. The process for determining compensation for the University's other officers or key employees includes a review by the University's President, who is independent of the other officers or key employees. The President's review currently includes, but is not limited to the use of comparability data and other outside consultants. In addition, the compensation of officers and key employees falls within the parameters of the University's non-aligned merit compensation program that is approved by the Board of Trustees on an annual basis. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 Governing documents are available in part through the Rhode Island Secretary of State's office. The University's by-laws and Conflict of Interest Policy governing employees and the corresponding disclosure form are available on the University's web site. Audited financial statements are not publically available. F990_P11_S00_L05 Form 990, Part XI, Line 5 Net unrealized losses on investments ($3,755,207), unrealized loss on interest rate swap obligations ($149,802), adjustment to annuity obligations ($380,128) less $185 miscellaneous rounding Roger Williams University School of Law 10 Metacom Road Bristol RI 028092921 050465628 Law Grad School RI 501(c)(3) 2 N/A 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1