2013-05-14T12:57:57-05:00 2012-06-30 KPMG LLP 60 South Street Boston MA 02111 990 2011-07-01 050258810 Bryant University % MR BARRY F MORRISON CPA BRYA 4012326005 1150 Douglas Pike Smithfield RI 02917 BARRY F MORRISON 2013-05-14 true 6179881000 2011 2016-02-24 21:20:13Z RONALD K MACHTLEY 1150 DOUGLAS PIKE SMITHFIELD RI 029171284 201827427 false X WWW.BRYANT.EDU X 1863 RI BRYANT UNIVERSITY'S MISSION IS TO DELIVER EXCEPTIONAL EDUCATION FOR SUCCESS IN AN AGE OF UNLIMITED GLOBAL OPPORTUNITY. THE ENTIRE BRYANT COMMUNITY WILL BE BOLD IN RE-IMAGINING THE FUTURE. 37 35 1896 500 1454583 4488816 7475858 152022144 157478886 1483271 1478424 1433908 1894830 159428139 168327998 40403105 40438474 0 0 64488418 67806932 210908 143537 2158887 56398837 56541456 161501268 164930399 -2073129 3397599 354101219 355575101 121284180 127240458 232817039 228334643 X BRYANT UNIVERSITY'S MISSION IS TO DELIVER EXCEPTIONAL EDUCATION FOR SUCCESS IN AN AGE OF UNLIMITED GLOBAL OPPORTUNITY. 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T LAU 2.0 X 0 0 0 DEBORAH MAY 2.0 X 0 0 0 CHARLES MCDONALD MD 2.0 X 0 0 0 KRISTIAN P MOOR 2.0 X 0 0 0 DONALD R QUATTRUCCI 2.0 X 0 0 0 DANIEL F SCHMITT 2.0 X 0 0 0 CHRISTINA SHAW 2.0 X 0 0 0 JAMES J SKEFFINGTON 2.0 X 0 0 0 CHERYL W SNEAD 2.0 X 0 0 0 SHIVAN S SUBRAMANIAM 2.0 X 0 0 0 JANICE WILBUR SULLIVAN 2.0 X 0 0 0 M ANNE SZOSTAK 2.0 X 0 0 0 GEORGE A VECCHIONE 2.0 X 0 0 0 DAVID C WEINSTEIN 2.0 X 0 0 0 RITA WILLIAMS-BOGAR 2.0 X 0 0 0 MICHAEL E FISHER 2.0 X 0 0 0 NANCY DEVINEY 2.0 X 0 0 0 RICHARD A PLOTKIN 2.0 X 0 0 0 WILLIAM J CONATY 2.0 X 0 0 0 CRISTIAN BALESTRIERI 2.0 X 0 0 0 DAVID M BEIRNE 2.0 X 0 0 0 GEORGE E BELLO 2.0 X 0 0 0 CHRISTOPHER W BODINE 2.0 X 0 0 0 ROBERT BROWN 2.0 X 0 0 0 ROBERT J CALABRO 2.0 X 0 0 0 RICHARD A CAPOBIANCO 2.0 X 0 0 0 TODD G CAREY 2.0 X 0 0 0 THOMAS CELONA 2.0 X 0 0 0 GERALD F CERCE 2.0 X 0 0 0 LISA G CHURCHVILLE 2.0 X 0 0 0 KRISTEN E COLLINS 2.0 X 0 0 0 C CORRELL DURLING 2.0 X 0 0 0 SAMEER KANODIA 2.0 X 0 0 0 RONALD K MACHTLEY 50.0 X X 598740 0 110129 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RESTRICTED RESTRICTED 222800 X false false 148715390 1742124 585867 1721211 5191289 2327883 141802998 126118730 1376248 30973741 1926871 5630473 2195985 148715390 120209492 2360255 13318034 1979783 6500001 1289267 126118730 168494180 303105 -38987139 1809596 6044204 1746854 120209492 0.87000 0.13000 false false 2953236 2953236 225311922 101128620 124183302 54060884 43154907 10905977 21808294 7492008 14316287 152358802 HEDGE FUNDS 42641744 F PRIVATE PLACEMENT PROGRAMS 29883009 F 72524753 0 SWAP DERIVATIVES 14240673 ASSET RETIRMENT OBLIGATION 2610783 REFUNDABLE ADVANCES - US GOV 6101749 22953205 168327998 164930399 3397599 -2803374 2327883 -7404508 -7879999 -4482400 117359808 -2803374 -48184024 -50987398 168347206 -19208 -19208 168327998 121842208 19208 19208 121823000 2327883 40779516 43107399 164930399 ORGANIZATION'S COLLECTIONS PART III, LINE 4 THE UNIVERSITY'S ART COLLECTIONS CONSIST OF MANY DIFFERENT TYPES OF ART INCLUDING PAINTINGS, PHOTOGRAPHS, BOOK COLLECTIONS, SPORTS MEMORABILIA, SCULPTURES, FIGURINES, ANTIQUES AND ARTIFACTS. THE COLLECTIONS ENHANCE AND FURTHER THE PURPOSE OF THE UNIVERSITY IN VARIOUS WAYS, WHICH INCLUDE THE ABILITY OF THE STUDENT TO LEARN TO UNDERSTAND HUMAN EXPERIENCES, BOTH PAST AND PRESENT, LEARN TO ADAPT TO AND RESPECT OTHERS' DIVERSE WAYS OF THINKING, WORKING, AND EXPRESSING THEMSELVES, AND ANALYZING NONVERBAL COMMUNICATION AND MAKING INFORMED JUDGMENTS ABOUT CULTURAL PRODUCTS AND ISSUES. ENDOWMENT FUNDS PART V, LINE 4 THE PURPOSE OF THE UNIVERSITY'S ENDOWMENT FUND IS TO SUPPORT THE EDUCATIONAL MISSION OF THE UNIVERSITY BY PROVIDING A RELIABLE SOURCE OF FUNDS FOR CURRENT AND FUTURE USE. THROUGH QUARTERLY DRAWDOWNS, THE ENDOWMENT IS USED TO FUND SCHOLARSHIPS AND GRANTS AS WELL AS MAINTAINING UNIVERSITY FACILITIES AND PROGRAM SERVICES. PART X LINE 2 THE UNIVERSITY IS A TAX-EXEMPT ORGANIZATION DESCRIBED IN SECTION 501(C)3 OF THE INTERNAL REVENUE CODE (THE CODE)AND IS GENERALLY EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. BRU LLC, A WHOLLY OWNED SUBSIDIARY, IS A DISREGARDED ENTITY FOR TAX PURPOSES. ACCORDINGLY, ANY TAX LIABILITY OF BRU LLC WOULD BE REPORTED BY THE UNIVERSITY. THE UNIVERSITY BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. CHANGE IN NET ASSETS PART XI, LINE 8 CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS $ (7,370,484) CHANGE IN SPLIT INTEREST AGREEMENT $ (34,024) TOTAL $ (7,404,508) RECONCILIATION OF REVENUE PART XII, LINE 2D SCHOLARSHIPS AND GRANTS $(40,397,690) ACCRUAL OF LIABILITY FOR ASSET REMEDIATION $ (264,909) CAPITAL CAMPAIGN EXPENSE $ (68,441) ACCRUAL OF OTHER NONOPERATING LIABILITY $ (48,476) CHANGE IN SPLIT INTEREST AGREEMENT $ (34,024) CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS $ (7,370,484) TOTAL $(48,184,024) PART XII, LINE 4B FUNDRAISING EXPENSES $ (19,208) TOTAL $ (19,208) RECONCILIATION OF EXPENSES PART XIII, LINE 2D FUNDRAISING EXPENSES $ (19,208) TOTAL $ (19,208) PART XIII, LINE 4B SCHOLARSHIPS AND GRANTS $ 40,397,690 ACCRUAL OF LIABILITY FOR ASSET REMEDIATION $ 264,909 ACCRUAL OF OTHER NONOPERATING LIABILITY $ 48,476 CAPITAL CAMPAIGN EXENDITURES $ 68,441 TOTAL $ 40,779,516 true true true true true true true false false false false false false false false true false true SCHEDULE E QUESTION 3 THE POLICY IS PUBLISHED IN THE EMPLOYEE POLICY MANUAL. ADVERTISING STATES THAT WE ARE AN EEO/AA EMPLOYER. ALL MAJOR PUBLICATIONS PRINT THE NOTICE OF NON-DISCRIMINATORY POLICY AS TO STUDENTS. SCHEDULE E QUESTION 6A BRYANT UNIVERSITY HAS RECEIVED STUDENT FINANCIAL ASSISTANCE FUNDS THROUGH THE FOLLOWING U.S. DEPARTMENT OF EDUCATION PROGRAMS: 1. FEDERAL PELL GRANT, 2. FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT, 3. FEDERAL WORK-STUDY, 4. FEDERAL PERKINS LOAN, 5. FEDERAL DIRECT LOAN. IT ALSO RECEIVES STUDENT GRANT AND SCHOLARSHIP ASSISTANCE THROUGH VARIOUS STATE AND GOVERNMENT AGENCIES INCLUDING: THE RHODE ISLAND HIGHER EDUCATION ASSISTANCE AUTHORITY, THE MASSACHUSETTS OFFICE OF STUDENT FINANCIAL ASSISTANCE, AND OTHERS. true East Asia and the Pacific 0 0 Program Services STUDY ABROAD 1075210 Central America and the Caribbean 0 0 Program Services STUDY ABROAD 183688 Europe (Including Iceland and Greenland) 0 0 Program Services STUDY ABROAD 2059223 South America 0 0 Program Services STUDY ABROAD 25270 Sub-Saharan Africa 0 0 Program Services STUDY ABROAD 28940 North America 0 0 Program Services STUDY ABROAD 647 Central America and the Caribbean 0 0 Program Services STUDENT RECRUITING 2175 East Asia and the Pacific 0 0 Program Services STUDENT RECRUITING 5820 Europe (Including Iceland and Greenland) 0 0 Program Services STUDENT RECRUITING 18500 Middle East and North Africa 0 0 Program Services STUDENT RECRUITING 3696 North America 0 0 Program Services STUDENT RECRUITING 4418 South America 0 0 Program Services STUDENT RECRUITING 2569 South Asia 0 0 Program Services STUDENT RECRUITING 3400 Sub-Saharan Africa 0 0 Program Services STUDENT RECRUITING 2005 East Asia and the Pacific 0 0 Grantmaking STUDY ABROAD 196225 Europe (Including Iceland and Greenland) 0 0 Grantmaking STUDY ABROAD 652319 South America 0 0 Grantmaking STUDY ABROAD 24050 Sub-Saharan Africa 0 0 Grantmaking STUDY ABROAD 11500 Central America and the Caribbean 0 0 Investments 19459488 East Asia and the Pacific 0 0 Program Services MAINT & BLD REL W CHIN 34750 0 0 0 0 0 0 4288155 19505738 23793893 SCHOLARSHIPS East Asia/Pacific 24 196225 STUDENT ACCT SCHOLARSHIPS Europe/Iceland/Greenland 78 652319 STUDENT ACCT SCHOLARSHIPS South America 2 24050 STUDENT ACCT SCHOLARSHIPS Sub-Saharan Africa 2 11500 STUDENT ACCT true false false true true true MONITOR THE USE OF GRANTS FUNDS OUTSIDE THE U.S. PART I, LINE 2 THE UNIVERSITY ONLY DISTRIBUTES GRANTS DIRECTLY INTO STUDENT ACCOUNTS TO OFFSET THE STUDENT'S OUTSTANDING BALANCE FOR THE SEMESTER TO ENSURE THESE FUNDS HAVE BEEN UTILIZED FOR THEIR INTENDED PURPOSE. ACCOUNTING METHOD PART I, LINE 3, COLUMN (F) THE UNIVERSITY USED THE ACCRUAL METHOD TO ACCOUNT FOR EXPENDITURES IN EACH REGION. INVESTMENTS ARE MEASURED AT FAIR MARKET VALUE. X X X X X X X true MARTS LUNDY FUNDRAISING CONSULTING false 0 27654 -27654 HARRIS CONNECT PHONATHON SERVICES false 200037 108568 91469 GRENZBACH GLIER ASSOCIATES FUNDRAISING CONSULTING false 0 16383 -16383 200037 152605 47432 MA NH RI GOLF TOURNAMENT 116676 116676 11807 4549 2852 0 116676 116676 11807 4549 2852 19208 -19208 1150 DOUGLAS PIKE SMITHFIELD RI 02917 PLEASE SEE SCHEDULE O. true X NEED-BASED GRANTS 1603 16992621 ACADEMIC SCHOLARSHIPS 929 11439734 DIVERSITY AWARDS 166 4038600 ATHLETIC AWARDS 320 4976608 ENDOWED SCHOLARSHIPS 177 925560 SPECIAL PROGRAMS 97 157584 ANNUAL GIFTS 157 628570 SEOG PROGRAM 515 323902 FWS COMMUNITY SERVICE 17 30417 PROCEDURES TO MONITOR THE USE OF GRANT FUNDS IN THE U.S. PART I, LINE 2 THE UNIVERSITY DID PROVIDE ASSISTANCE FOR COMMUNITY SUPPORT TO VARIOUS ORGANIZATIONS THROUGH THEIR FUNDRAISING EVENTS, ALTHOUGH NO SINGLE ORGANIZATION RECEIVED OVER $5,000 FROM THE UNIVERSITY DURING THE YEAR. THE UNIVERSITY DID NOT TAKE A CHARITABLE CONTRIBUTION DEDUCTION ON ITS FORM 990-T FOR THIS SUPPORT. GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS IN THE U.S. PART III ALL FEDERAL TITLE IV FUNDS RECEIVED BY BRYANT UNIVERSITY ARE MANAGED IN STRICT COMPLIANCE WITH ALL REQUIREMENTS SET FORTH IN THE PROGRAM PARTICIPATION AGREEMENT, A FORMAL AGREEMENT BETWEEN BRYANT UNIVERSITY AND THE U.S. DEPARTMENT OF EDUCATION. THE PROGRAM PARTICIPATION AGREEMENT IS PERSONALLY ENDORSED BY BOTH THE CHIEF EXECUTIVE OFFICER OF BRYANT UNIVERSITY AND THE SECRETARY OF THE U.S. DEPARTMENT OF EDUCATION. COMPLIANCE WITH ALL TITLE IV REQUIREMENTS IS MONITORED BY THE DIRECTOR OF FINANCIAL AID WITH THE ASSISTANCE OF FIVE PROFESSIONAL FINANCIAL AID ADMINISTRATORS AND FOUR SUPPORT STAFF MEMBERS. COMPLIANCE CAPABILITY IS GREATLY ENHANCED THROUGH THE USE OF THE BANNER INTERGRATED MANAGEMENT INFORMATION SYSTEM AND ITS EFFECTIVE INTERFACE WITH OTHER DEPARTMENT OF EDUCATION SYSTEMS. X X X X true true X X X false true false false false false false false false RONALD K MACHTLEY 457442 0 94720 0 46578 0 27840 0 82289 0 708869 0 0 0 BARRY F MORRISON 266808 0 23618 0 17052 0 42840 0 19275 0 369593 0 0 0 JOSE-MARIE GRIFFITHS 245616 0 24390 0 3569 0 23720 0 64629 0 361924 0 0 0 ARTHUR S GLOSTER 227449 0 25432 0 19405 0 27840 0 22377 0 322503 0 0 0 JAMES L DAMRON 199205 0 24412 0 14087 0 30792 0 20456 0 288952 0 0 0 LORNA J HUNTER 166756 0 24200 0 18935 0 20562 0 62908 0 293361 0 0 0 ROGER L ANDERSON 163429 0 19950 0 35584 0 18268 0 8177 0 245408 0 0 0 J THOMAS EAKIN 163321 0 25300 0 19548 0 20884 0 48733 0 277786 0 0 0 CAROL W DEMORANVILLE 166441 0 0 0 1032 0 14125 0 18824 0 200422 0 0 0 MICHAEL R COOPER 163782 0 0 0 18032 0 14171 0 12724 0 208709 0 0 0 LINDA S LULLI 180556 0 20250 0 13584 0 21639 0 2584 0 238613 0 0 0 DAVID S LUX 153548 0 5000 0 3048 0 17729 0 40559 0 219884 0 0 0 DENNIS M BLINE 191451 0 0 0 1032 0 17670 0 20419 0 230572 0 0 0 CHARLES P CULLINAN 189546 0 0 0 360 0 18830 0 19359 0 228095 0 0 0 DAVID A LOUTON 212571 0 0 0 552 0 19918 0 52560 0 285601 0 0 0 TIMOTHY J O'SHEA 135861 0 0 0 60475 0 13199 0 28484 0 238019 0 0 0 VK UNNI 200676 0 0 0 3048 0 23171 0 19359 0 246254 0 0 0 BENEFITS PART I, LINE 1A RONALD MACHTLEY, PRESIDENT OF THE UNIVERSITY AND MEMBER OF THE BOARD OF TRUSTEES, TRAVELLED ON TWO TRIPS WITH HIS SPOUSE, KATI MACHTLEY, ON UNIVERSITY RELATED BUSINESS. THESE EXPENSES ARE NOT CONSIDERED COMPENSATION FOR PRESIDENT MACHTLEY SINCE THE TRIPS WERE BUSINESS RELATED AND MRS. MACHTLEY IS ALSO AN EMPLOYEE OF THE UNIVERSITY. ACCORDING TO THE UNIVERSITY'S POLICY, TRAVEL FOR THE PRESIDENT'S COMPANION SHALL ONLY BE REIMBURSED WHEN INCURRED WHILE CONDUCTING BUSINESS FOR THE UNIVERSITY. THE COST OF MRS. MACHTLEY'S TRAVEL PAID FOR BY THE UNIVERSITY FOR THE TWO TRIPS WAS APPROXIMATELY $8,900. J. THOMAS EAKIN, VICE PRESIDENT OF STUDENT AFFAIRS/DEAN OF STUDENTS TRAVELLED ON ONE TRIP WITH HIS SPOUSE, MARJORIE EAKIN, ON UNIVERSITY RELATED BUSINESS. THE EXPENSES WERE NOT CONSIDERED COMPENSATION FOR DR. EAKIN SINCE THE TRIPS WERE BUSINESS RELATED. THE COST OF MRS. EAKIN'S TRAVEL PAID FOR BY THE UNIVERSITY WAS APPROXIMATELY $7,850. THE UNIVERSITY ALSO PAID $4,100 FOR PRESIDENT MACHTLEY'S MEMBERSHIPS AND ASSOCIATED FEES FOR TWO SEPARATE SOCIAL CLUBS AND $6,020 WAS PAID FOR TIMOTHY O'SHEA'S (MEN'S BASKETBALL COACH) MEMBERSHIP IN ONE SOCIAL CLUB. THESE MEMBERSHIPS ARE OBTAINED FOR BUSINESS PURPOSES ONLY. THESE AMOUNTS ARE INCLUDED AS NON-TAXABLE BENEFITS IN PART II. AS A CONDITION OF THEIR EMPLOYMENT, THE UNIVERSITY PROVIDED ON-CAMPUS HOUSING FOR PRESIDENT MACHTLEY, FOR J. THOMAS EAKIN, VICE PRESIDENT OF STUDENT AFFAIRS, AND JOSE-MARIE GRIFFITHS, VICE PRESIDENT OF ACADEMIC AFFAIRS. THE UNIVERSITY PROVIDES CUSTODIAL SERVICES TO MAINTAIN THE HOUSING. THESE AMOUNTS ARE INCLUDED AS NON-TAXABLE BENEFITS IN PART II. NONQUALIFIED SUPPLEMENTAL RETIREMENT PLAN PART I, LINE 4B RONALD MACHTLEY AND BARRY MORRISON PARTICIPATE IN A NONQUALIFIED SUPPLEMENTAL RETIREMENT PLAN. $15,000 WAS CONTRIBUTED TO THE PLAN IN 2012 RELATED TO CALENDAR YEAR 2011. OTHER COMPENSATION DETAILS PART II, COLUMN B (III) INCLUDES PAYMENTS FOR GROUP TERM LIFE PREMIUMS AND PERSONAL USE OF AUTO. PART II COLUMN C INCLUDES EMPLOYER CONTRIBUTIONS TO SECTION 403 (B) PLANS AND OTHER DEFERRED COMPENSATION PLANS. PART II COLUMN D INCLUDES NON-TAXABLE BENEFITS INCLUDING UNDERGRADUATE TUITION REMISSION, EMPLOYER HEALTH BENEFITS, LIFE INSURANCE AND DISABILITY BENEFIT PREMIUM PAYMENTS, AS WELL AS THE VALUE OF ON-CAMPUS HOUSING PROVIDED TO CERTAIN KEY EMPLOYEES UNDER THE REQUIREMENTS OF THEIR EMPLOYMENT CONTRACTS. Rhode Island Health and Educational Bldng Corp 521300173 762197CE9 2008-04-24 50420000 Refunding 12/8/05 Bonds & 6/21/07 false false false Rhode Island Health and Educational Bldng Corp 521300173 762197HQ7 2011-11-29 23255000 Refunding 1/24/01 Bonds false false false 0 0 50420000 0 0 0 395680 24320 0 0 50000000 0 2008 true false true true 23805000 0 24160304 0 0 0 262729 0 0 0 23897575 0 2002 true false true true false true false false 0.00500 0.02300 0.02800 true 0 false true true Wells FargoBarclays 26.5 false false false 0 false true false false false 0 false 0 false true X SEE SCHEDULE O. 0 NA N/A 21909 TUITION REMISS. COLLEEN ANDERSON SPOUSE OF ROGER ANDERSON 56753 SALARY & BENEFITS PAID BY UNIV false ZANETA HUNTER DAUGHTER OF LORNA HUNTER 33107 SALARY & BENEFITS PAID BY UNIV false KATI MACHTLEY WIFE OF RONALD MACHTLEY 84811 SALARY & BENEFITS PAID BY UNIV false SHIVAN SUBRAMANIAM TRUSTEE 119483 INSURANCE COVERAGE false X 1900 FMV X 4 150617 AVERAGE OF HIGH/LOW X GOLF TOURN. & REGIONAL ALUMNI EVENTS 56 11126 FMV X JEWELRY FOR WOMEN'S SUMMIT 1 15280 FMV X SOFTWARE, ACADEMICS & MISCS 4 3910 FMV X ATHLETICS 2 36000 FMV 1 false true false NUMBER OF CONTRIBUTIONS PART I, COLUMN B DENOTES THE NUMBER OF CONTRIBUTIONS RECEIVED DURING THE FISCAL YEAR. ORGANIZATION'S MISSION PART III, LINE 1 STRATEGIC VISION 2020 BRYANT TODAY IS THE CULMINATION OF NEARLY 150 YEARS OF CONTINUOS GROWTH AND INNOVATION. THROUGHOUT THE UNIVERSITY'S HISTORY, OUR RIGOROUS AND INNOVATIVE ACADEMIC PROGRAMS HAVE INTEGRATED THEORY AND PRACTICE IN RELEVANT AND MEANINFUL WAYS THAT EMPOWER OUR STUDENTS AND ARE HIGHLY VALUED IN THE MARKET PLACE. BUILDING ON THE GROWTH AND MOMENTUM OF THE PAST 15 YEARS, VISION 2020 WILL GUIDE US ON A PATH TO AN EVEN STRONGER, ENDURING FUTURE. STRATEGIC PILLARS o INTEGRATION OF ACADEMIC AND STUDENT LIFE o GLOBAL PERSPECTIVE o INNOVATION AND CREATIVITY o CHARACTER AND LEADERSHIP BRYANT COLLEGE WAS FOUNDED IN 1863 IN RESPONSE TO AN EARLY DEMAND FOR SPECIALIZED TRAINING IN COMMERCE AND FINANCE. BRYANT COLLEGE CHANGED ITS NAME TO BRYANT UNIVERSITY IN AUGUST 2005. THE UNIVERSITY IS SITUATED ON 498 ACRES IN SMITHFIELD, RHODE ISLAND. BRYANT UNIVERSITY OFFERS BACHELOR OF SCIENCE IN BUSINESS ADMINISTRATION, BACHELOR OF ARTS, AND GRADUATE DEGREES. BRYANT UNIVERSITY IS ONE OF ONLY 10% OF COLLEGES AND UNIVERSITIES IN THE WORLD TO HAVE ACHIEVED THE PRESTIGIOUS ACCREDITATION FROM AACSB INTERNATIONAL - THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS, AND IS THUS ONE OF ONLY THREE RHODE ISLAND UNIVERSITIES AND ONE OF ONLY THREE BUSINESS-SPECIALTY SCHOOLS IN NEW ENGLAND TO HAVE ACHIEVED THIS NATIONAL ACCREDITATION. BRYANT IS ALSO ACCREDITED BY THE NEW ENGLAND ASSOCIATION OF SCHOOLS AND COLLEGES (NEASC). PROGRAM SERVICES PART III, LINES 4A-4C LINE 4A *UNDERGRADUATE, GRADUATE AND CERTIFICATE PROGRAMS - INCLUDING ACADEMIC SUPPORT AND STUDENT SERVICES* BRYANT UNIVERSITY OFFERS UNDERGRADUATE AND GRADUATE DEGREES, GRADUATE CERTIFICATES, AND EXECUTIVE EDUCATION PROGRAMS. THE FALL FTE FOR THE UNDERGRADUATE PROGRAM WAS 3,469 AND THE GRADUATE PROGRAM WAS 200. WITHIN THE UNDERGRADUATE PROGRAM THERE ARE TWO SCHOOLS, THE COLLEGE OF ARTS AND SCIENCES AND THE COLLEGE OF BUSINESS. THE COLLEGE OF ARTS AND SCIENCES OFFERS A WIDE RANGE OF STUDY IN THE HUMANITIES, SOCIAL SCIENCES, MATHEMATICS, AND THE NATURAL SCIENCES. THE COLLEGE OF BUSINESS'S IMPRESSIVE ARRAY OF BUSINESS SPECIALTIES OFFERS STUDENTS THE DEPTH AND BREADTH OF A LARGE, PREMIER BUSINESS SCHOOL COMBINED WITH THE INDIVIDUAL ATTENTION THAT IS A BRYANT HALLMARK. THE GRADUATE SCHOOL OF BUSINESS IS PART OF THE COLLEGE OF BUSINESS AT BRYANT, WHICH IS ONE OF ONLY 5% OF ALL BUSINESS PROGRAMS IN THE WORLD ACCREDITED BY AACSB INTERNATIONAL - THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS. IN ADDITION, BRYANT ALSO OFFERS ADDITIONAL EDUCATIONAL OPPORTUNITIES THROUGH THE EXECUTIVE DEVELOPMENT CENTER. THE EXECUTIVE DEVELOPMENT CENTER OFFERS PROFESSIONAL CERTIFICATE PROGRAMS THAT PROVIDE HIGH-LEVEL MANAGEMENT SKILLS IN CRITICAL BUSINESS AREAS FOR EXECUTIVES, HIGH-POTENTIAL, CAREER ASPIRING INDIVIDUALS AND GROWTH FOCUSED CORPORATIONS. LINE 4B *AUXILIARY SERVICES - DINING AND HOUSING* APPROXIMATELY 84% OF OUR STUDENTS RESIDE ON CAMPUS IN OUR RESIDENCE HALLS AND TOWNHOUSES. LIVING OPTIONS AT BRYANT UNIVERSITY ARE DESIGNED TO FOSTER A GRADUAL INCREASE OF INDEPENDENT LIFESTYLE AND INDIVIDUAL RESPONSIBILITY. FIRST-YEAR STUDENTS HAVE THE OPPORTUNITY TO ESTABLISH RELATIONSHIPS WITH LARGE NUMBERS OF CLASSMATES IN A MORE TRADITIONAL SETTING. SOPHOMORES AND JUNIORS EXPERIMENT WITH SMALL-GROUP LIVING WHILE EATING IN COMMON AREAS WITH ALL RESIDENT STUDENTS. MOST SENIORS LIVE INDEPENDENTLY IN TOWNHOUSE UNITS WITH FULL RESPONSIBILITY FOR THEIR COOKING, CLEANING, ETC. ALL LIVING AREAS INCLUDE TELEPHONE, CABLE, AND COMPUTER ACCESS. ALL STUDENTS WHO LIVE ON CAMPUS, EXCEPT FOR THE TOWNHOUSES, ARE REQUIRED TO PARTICIPATE IN A MEAL PLAN. BRYANT OFFERS A NUMBER OF PLANS TO PROVIDE STUDENTS FLEXIBLE OPTIONS FOR ON-CAMPUS DINING AT THE SEVERAL LOCATIONS AVAILABLE ON CAMPUS. LINE 4C *PUBLIC SERVICE*- BRYANT UNIVERSITY HOSTS SEVERAL INSTRUCTIONAL PROGRAMS FUNDED BY EXTERNAL PARTIES INCLUDING THE FEDERAL GOVERNMENT, FOREIGN AND STATE GOVERNMENTS AND CORPORATIONS. LOBBYING ACTIVITIES PART IV, LINE 4 THE UNIVERSITY IS A MEMBER IN CERTAIN PROFESSIONAL ORGANIZATIONS, INCLUDING THE NATIONAL ASSOCIATION OF COLLEGES AND UNIVERSITY BUSINESS OFFICERS, AND OTHER REGIONAL ORGANIZATIONS. A PORTION OF THESE MEMBERSHIP DUES MAY BE CONSIDERED LOBBYING EXPENSES, BUT THE UNIVERSITY HAS NOT MADE ANY INTERNAL ALLOCATION OF SUCH DUES TO LOBBYING. FAMILY OR BUSINESS RELATIONSHIPS PART VI, SECTION A, QUESTION 2 THE FOLLOWING MEMBERS OF THE UNIVERSITY'S BOARD OF TRUSTEES ALSO SERVE ON THE BOARD OF AMICA INSURANCE COMPANY: RICHARD PLOTKIN, CHERYL SNEAD, RONALD MACHTLEY. FORM 990 REVIEW PROCESS PART VI, SECTION B, QUESTION 11A PRIOR TO FILING THE UNIVERSITY'S 990 WITH THE IRS, IT IS REVIEWED BY THE UNIVERSITY'S AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE AUDIT COMMITTEE IS THE GOVERNING BODY OF THE UNIVERSITY THAT HAS OVERSIGHT OF ALL FINANCIAL AND COMPLIANCE ISSUES OF THE UNIVERSITY AND REPORTS THE PROCEEDINGS OF ALL OF ITS MEETINGS TO THE FULL BOARD OF TRUSTEES. A COMPLETE COPY OF THE FORM 990 IS DISTRIBUTED TO EACH VOTING BOARD MEMBER PRIOR TO FILING. CONFLICT OF INTEREST POLICY PART VI, SECTION B, QUESTION 12C THE UNIVERSITY CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY BY FIRST ENSURING THE CONFLICT OF INTEREST FORMS ARE CONTINUALLY UPDATED BY THE TRUSTEES AND EMPLOYEES. THE FORMS ARE REVIEWED ANNUALLY TO IDENTIFY ANY DISCLOSURES OF CONFLICTS OF INTEREST, AND AS A RESULT, NO BOARD MEMBER CAN VOTE ON ANY ITEM IN WHICH THEY HAVE A CONFLICT OF INTEREST. THE VICE PRESIDENT OF BUSINESS AFFAIRS REVIEWS THE CONFLICT OF INTEREST FORMS, AND ANY POTENTIAL CONFLICT WOULD BE DISCUSSED WITH THE AUDIT COMMITTEE CHAIR. IN ADDITION, ANY BUSINESS CONDUCTED BY THE UNIVERSITY WITH ANY ORGANIZATION RELATED TO A BRYANT UNIVERSITY TRUSTEE OR EMPLOYEE MUST BE A HANDS-OFF TRANSACTION WITH NO INVOLVEMENT OF THE TRUSTEE OR EMPLOYEE. THIS MONITORING AND ENFORCING IS DONE PRIMARILY THROUGH THE PRESIDENT'S OFFICE. COMPENSATION POLICY PART VI, SECTION B, QUESTION 15A & 15B THE BOARD OF TRUSTEES, THROUGH ITS EXECUTIVE COMPENSATION COMMITTEE (THE "COMMITTEE"), UTILIZES AN EXECUTIVE COMPENSATION PHILOSOPHY, AMENDED AND RATIFIED BY THE BOARD OF TRUSTEES IN OCTOBER 2007, TO ESTABLISH COMPENSATION FOR ALL UNIVERSITY OFFICERS AND KEY EXECUTIVES. THE UNIVERSITY PREPARES AN ANNUAL REPORT, THE "EXECUTIVE COMPENSATION REPORT, DISCUSSION REPORT FOR THE EXECUTIVE COMPENSATION COMMITTEE". THE REPORT SUMMARIZES ANNUAL PERFORMANCE AGAINST INSTITUTIONAL BENCHMARKS, ANNUAL STRATEGIC GOALS AND DIVISIONAL OPERATIONAL OBJECTIVES, AND PROVIDES MARKET COMPARABILITY DATA FOR THE DESIGNATED POSITIONS. THE PRESIDENT ALSO PROVIDES A COVER MEMO TO THE COMMITTEE THAT ANALYZES AND RECOMMENDS TARGET ACHIEVEMENTS SET BY THE PERFORMANCE BONUS PLAN, BASE SALARY AND MAXIMUM PERFORMANCE BONUS FOR EACH EXECUTIVE. BASED ON THIS INFORMATION, THE COMMITTEE MAKES A DETERMINATION RELATIVE TO COMPENSATION FOR THE PRESIDENT AND REVIEWS AND ENDORSES THE PRESIDENT'S COMPENSATION RECOMMENDATIONS FOR THE EXECUTIVE TEAM. FACULTY MEMBERS, WHO HAVE BEEN CLASSIFIED AS HIGHLY COMPENSATED FOR 990 REPORTING, HAVE COMPENSATION GOVERNED BY THE COLLECTIVE BARGAINING AGREEMENT BETWEEN BRYANT UNIVERSITY AND THE BRYANT FACULTY FEDERATION. PUBLIC DISCLOSURE PART VI, SECTION C, QUESTION 19 THE UNIVERSITY MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC VIA THE UNIVERSITY'S WEBSITE AS WELL AS SENDING IT FREE OF CHARGE UPON REQUEST. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE ON FILE IN THE PRESIDENT'S OFFICE AND ARE ALSO PROVIDED FREE OF CHARGE UPON REQUEST. OTHER CHANGES IN NET ASSETS PART XI LINE 5 NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS (2,803,374) INVESTMENT EXPENSES 2,327,883 CHANGE IN FAIR VALUE OF INTEREST RATE SWAP (7,370,484) CHANGE IN SPLIT INTEREST AGREEMENT (34,024) ------------- OTHER CHANGES IN NET ASSETS 7,879,999 SCHEDULE G, PART I, LINE 2B HARRIS CONNECT:OF THE $108,568 TOTAL,$99,500 IS FOR PROFESSIONAL FUNDRAISING FEES,$5,818 IS FOR POSTAGE,$1,750 IS FOR MAILING SERVICES AND $1,500 FOR SUBSCRIPTION SERVICES. SCHEDULE G, PART II(A) EACH YEAR, THE UNIVERSITY HOLDS A GOLF TOURNAMENT IN JUNE AS A FUNDRAISING EVENT. IN JUNE OF 2012, THE EVENT WAS POSTPONED DUE TO HEAVY RAIN THE DAY IT WAS TO BE HELD. THE TOURNAMENT ACTUALLY TOOK PLACE IN SEPTEMBER 2012. FOR ACCOUNTING PURPOSES AND FOR THE FISCAL 2012 AUDIT, THE CHARITABLE CONTRIBUTION PORTION OF THE PLAYER'S FEES WERE RECOGNIZED IN FISCAL YEAR 2012 SINCE THE FUNDS WERE ACTUALLY RECEIVED IN THAT YEAR. THE PORTION OF THE PLAYER'S FEES ATTRIBUTABLE TO THE QUID PRO QUO WAS DEFERRED TO FISCAL YEAR 2013 SINCE THAT IS THE YEAR THE TOURNAMENT WAS ACTUALLY HELD AND THE PLAYERS RECEIVED THE GOODS/SERVICES THEY PAID FOR IN THE PRIOR FISCAL YEAR. FOR TAX PURPOSES, ON SCHEDULE G, THE UNIVERSITY HAS REPORTED ONLY THE CHARITABLE CONTRIBUTION PORTION OF THE GROSS RECEIPTS, SINCE BY JUNE 30, 2012 THAT IS ALL THAT HAD OCCURRED. THIS IS CONSISTENT WITH FINANCIAL STATEMENT REPORTING. ON THE 2012 TAX RETURN, THE GROSS RECEIPTS FOR THE JUNE 2012 TOURNAMENT WILL ONLY BE THE PORTION OF THE FEES RELATED TO THE QUID PRO QUO, SO LINE 2 WILL BE ZERO AND LINE 3 WILL REFLECT THE ENTIRE AMOUNT ON LINE 1. IN ADDITION, THE REMAINING COSTS SUCH AS THE RENT/FACILITY COSTS, THE REMAINING FOOD AND BEVERAGE COSTS, ETC. THAT WERE NOT INCURRED UNTIL SEPTEMBER 2012 WILL ALSO BE REFLECTED ON SCHEDULE G FOR THE 2012. TOURNAMENT. IN ADDITION, ON THE 2012 RETURN, THERE WILL BE AN EVENT #2 REPRESENTING THE ANNUAL GOLF TOURNAMENT, WHICH IS SCHEDULED TO BE HELD IN JUNE 2013. SCHEDULE K, PART VI PART I, LINE B(E) ISSUE PRICE DIFFERS FROM PART II, LINE 3 TOTAL PROCEEDS OF ISSUE $905,304. THE NEW ISSUE HAD A NET ORIGINAL ISSUE PREMIUM OF $905,304. SCHEDULE K, PART VI PART II, LINE 12 AS OF 06/30/2012, $9,107 OF ISSUANCE COSTS HAD NOT BEEN SPENT. BRU LLC 1150 DOUGLAS PIKE SMITHFIELD RI 02917 231386793 REAL ESTATE RI 0 889110 BRYANT UNIV CHARITABLE REMAINDER UNITRUST (1) CHARITABLE TRUST RI NA TRUST false false false false false false false false false false false false false false false false true false