2013-05-13T10:38:06-05:00 2012-06-30 KPMG LLP 60 South Street Boston MA 02111 990 2011-07-01 050258932 PROVIDENCE COLLEGE % JOHN SWEENEY SR VP OF FINAN PROV 4018651000 ONE CUNNINGHAM SQUARE PROVIDENCE RI 02918 JOHN SWEENEY 2013-05-10 true 6179881000 2011 2016-02-24 21:20:13Z REV BRIAN J SHANLEY OP ONE CUNNINGHAM SQUARE PROVIDENCE RI 02918 304197706 false X WWW.PROVIDENCE.EDU X 1917 RI PROVIDENCE COLLEGE IS A LIBERAL ARTS CATHOLIC INSTITUTION OF HIGHER EDUCATION, COMMITTED TO FOSTER ACADEMIC EXCELLENCE AND TO CULTIVATE INTELLECTUAL SPIRITUAL, AND AESTHETIC VALUES. 34 31 2701 40 135140 -135808 16961818 23749581 185453628 195911212 11581753 6787916 2940774 3195087 216937973 229643796 49921108 54850615 0 0 81341745 80109366 436482 410159 5651945 60940980 66939324 192640315 202309464 24297658 27334332 476387973 526357707 98836381 132197786 377551592 394159921 X PROVIDENCE COLLEGE IS A LIBERAL ARTS CATHOLIC INSTITUTION OF HIGHER EDUCATION, COMMITTED TO FOSTER ACADEMIC EXCELLENCE AND TO CULTIVATE INTELLECTUAL SPIRITUAL, AND AESTHETIC VALUES. false false 167819588 54850615 197289750 PROVIDENCE COLLEGE IS A PRIMARILY UNDERGRADUATE, LIBERAL ARTS, CATHOLIC INSTITUTION OF HIGHER EDUCATION. THE COLLEGE ENROLLED APPROXIMATELY 3,900 UNDERGRADUATES, 1,100 GRADUATE STUDENTS AND 800 STUDENTS IN CONTINUING EDUCATION PROGRAMS. COMMITTED TO FOSTERING ACADEMIC EXCELLENCE THROUGH THE SCIENCES AND HUMANITIES, THE COLLEGE PROVIDES A VARIETY OF OPPORTUNITIES FOR INTELLECTUAL, SOCIAL, SPIRITUAL GROWTH IN A SUPPORTIVE ENVIRONMENT. THE COLLEGE ACTIVELY CULTIVATES MORAL AND INTELLECTUAL, SPIRITUAL, ETHICAL AND AESTHETIC VALUES WITHIN THE CONTEXT OF THE JUDAEO-CHRISTIAN HERITAGE. THESE VALUES ARE NURTURED BY THE UNIQUE TRADITION OF THE DOMINICAN ORDER WHICH EMPHASIZES QUALITY TEACHING AND SCHOLARSHIP. 167819588 true true false true false false false false true true true false false true true true false true false true false false true true false false false true true true false false false false false true true false false true true false false false false true true false false false true X 421 0 true 2701 true true true false false false false true true false false false false X 34 31 false false false false true true true true true false false true true true true true true true true false RI X JOHN SWEENEY SR VP OF FINAN 4018652281 ONE CUNNINGHAM SQUARE PROVIDENCE RI 02918 X MICHAEL A RUANE 4.0 X 0 0 0 JOHN F KILLIAN 3.0 X 0 0 0 EDWARD M SULLIVAN 3.0 X 0 0 0 DAVID J ALDRICH 2.0 X 0 0 0 J PETER BENZIE 2.0 X 0 0 0 CATHERINE LITTLE BERT 2.0 X 0 0 0 DUANE M BOULIGNY 2.0 X 0 0 0 THOMAS C BOYAN JR 2.0 X 0 0 0 M JOSEPH CANAVAN 2.0 X 0 0 0 SR KATHLEEN CANNON OP 2.0 X 0 0 0 SANDRA L COLETTA 2.0 X 0 0 0 MAUREEN DAVENPORT CORCORAN 3.0 X 0 0 0 FR GILES R DIMOCK OP 2.0 X 0 0 0 PAUL R GALIETTO 2.0 X 0 0 0 JOHN J GLIER 2.0 X 0 0 0 REVEREND EDWARD M GORMAN OP 2.0 X 0 0 0 FR ANDREW HOFER OP 2.0 X 0 0 0 THOMAS JOSEPH KEEGAN JR 2.0 X 0 0 0 HEIDI M KENNY 2.0 X 0 0 0 REV JOHN A LANGLOIS OP 2.0 X 0 0 0 HONORABLE WILLIAM C LEARY 2.0 X 0 0 0 PAUL G MAGUIRE 2.0 X 0 0 0 VERY REV BRIAN M MULCAHY OP 2.0 X 0 0 0 EDWARD W O'DONNELL 2.0 X 0 0 0 JOHN G O'HURLEY 2.0 X 0 0 0 ROBERT J PALMISANO 2.0 X 0 0 0 KEVIN C PHELAN 2.0 X 0 0 0 CHRISTOPHER K REILLY 2.0 X 0 0 0 MARY-ELLEN SPOSATO ROGERS 2.0 X 0 0 0 JAMES J SKEFFINGTON ESQ 2.0 X 0 0 0 PETER Q THOMPSON 2.0 X 0 0 0 MOST REV THOMAS J TOBIN DD 2.0 X 0 0 0 REVEREND BRIAN J SHANLEY OP 40.0 X X 0 0 59195 REVEREND KENNETH R SICARD OP 40.0 X X 0 0 51242 HUGH F LENA 40.0 X 271471 0 43773 MARIFRANCES MCGINN 40.0 X 225328 0 43524 JOHN SWEENEY 40.0 X 248920 0 37167 DAVID WEGRZYN 40.0 X 269549 0 48878 KENO DAVIS 40.0 X 742659 0 20108 ROBERT DRISCOLL 40.0 X 256300 0 43087 EDWARD CARON 40.0 X 219866 0 44525 EDWARD COOLEY 40.0 X 758991 0 24527 TIMOTHY ARMY 40.0 X 209544 0 13901 MICHAEL FRAZIER 0.0 X 250800 0 25577 3453428 0 455504 113 true true false RUFFALOCODY 65 KIRKWOOD NORTH ROAD SW CEDAR RAPIDS IA 52404 FUNDRAISING SERVICES 404982 KPMG LLP 60 SOUTH STREET BOSTON MA 02142 AUDITING & TAX SVCS 219560 CAMBRIDGE ASSOCIATES 100 SUMMER ST 13 BOSTON MA 02110 INVESTMENT SERVICES 148179 MFS INVESTMENT MANAGEMENT 500 BOYLSTON STREET BOSTON MA 02116 INVESTMENT SERVICES 118700 STATE STREET ONE LINCOLN STREET BOSTON MA 02111 INVESTMENT SERVICES 113970 53 402582 2501930 20845069 1716323 23749581 TUITION & FEES 611600 152590035 152590035 ROOM REVENUE 721000 24654571 24654571 BOARD REVENUE 721000 13094742 13094742 ATHLETICS REVENUE 900099 5367171 5367171 AUXILIARY REVENUE 721000 204693 204693 195911212 1283659 -85090 1368749 0 270000 270000 0 0 0 0 0 79784725 0 74280468 5504257 0 5504257 5504257 81996 402582 273442 -191446 -191446 0 0 0 COMMISSIONS 900099 894942 894942 PACT PROGRAM 900099 619789 619789 SCHNEIDER ARENA 713990 211965 211965 1389837 758749 8265 622823 3116533 229643796 197289750 135140 8469325 0 0 54850615 54850615 0 0 1212886 313838 899048 0 60661751 46510200 11800918 2350633 4256323 3238988 821820 195515 9858709 7515285 1906835 436589 4119697 3138903 796426 184368 0 131846 131846 260550 260550 20315 16204 4111 410159 410159 1051145 1051145 0 528247 421341 106906 5914930 4109123 1042598 763209 1857567 1481635 375932 0 0 1854496 1324376 336031 194089 0 0 3149737 2512298 637439 0 12122209 9604715 2436980 80514 1060825 841462 213502 5861 FOOD SERVICE 9041313 8584500 89757 367056 BUILDING & GROUNDS MAINTENANCE 7428346 5925008 1503338 UTILITIES 4603803 3672092 931711 ATHLETICS 3716476 2964341 752135 14197519 10794664 2738903 663952 202309464 167819588 28837931 5651945 38032476 26049231 0 0 9185416 10746200 8740105 8471348 0 400000 0 0 0 0 0 0 522367 661799 459604887 198573828 244324629 261031059 91601377 90367953 82884700 125685032 0 0 0 0 1096903 2945085 476387973 526357707 12083291 8521838 0 0 7049606 8064904 69581949 107091598 0 0 0 0 975949 483237 0 0 9145586 8036209 98836381 132197786 X 257973810 266921320 58020311 57823782 61557471 69414819 377551592 394159921 476387973 526357707 X 27334332 -10726003 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 20315 20315 false 164708996 10673580 -3871359 5560239 165950978 136039678 4808289 29244385 5383356 164708996 114951915 2223164 24521537 5656938 136039678 146809239 4558352 -30905941 5509735 114951915 0.37000 0.40000 0.23000 true false 1733048 1733048 402929230 157196846 245732384 44106748 35763458 8343290 10835861 5613524 5222337 261031059 LIMITED PARTNERSHIPS 18674887 F HEDGE FUNDS 61646360 F OTHER INVESTMENTS 4399950 F DEPOSITS WITH TRUSTEES 40963835 F 125685032 0 ACCRUED INTEREST PAYABLE 1836124 REFUNDABLE ADVANCES-GOVT GRANT 6200085 8036209 229643796 202309464 27334332 -9722812 -1003191 -10726003 16608329 228358651 422608 -769985 -347377 228706028 1051145 -113377 937768 229643796 211750322 422608 10069395 10492003 201258319 1051145 1051145 202309464 ENDOWMENT FUNDS PART V, LINE 4 THE INTENDED USE OF THE COLLEGE'S ENDOWMENT IS TO FUND STUDENT SCHOLARSHIPS AND PROJECTS. LIABILITY FOR UNCERTAIN TAX POSITIONS PART X, LINE 2 THE COLLEGE IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS GENERALLY EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE, AS AMENDED. ACCORDINGLY, IT IS NOT SUBJECT TO INCOME TAXES EXCEPT TO THE EXTENT IT HAS TAXABLE INCOME FROM ACTIVITIES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. THE COLLEGE BELIEVES IT HAS TAKEN NO SIGNIFICANT UNCERTAIN TAX POSITIONS. OTHER CHANGES IN NET ASSETS PART XI, LINE 8 POST RETIREMENT BENEFIT OBLIGATION $ (233,206) PROVISION FOR DOUBTFUL PLEDGES $ (769,985) ------------ TOTAL PART XI, LINE 8 $(1,003,191) OTHER REVENUE INCLUDED IN FINANCIAL STATEMENTS, NOT ON FORM 990 PART XII, LINE 2D PROVISION FOR DOUBTFUL PLEDGES $ (769,985) OTHER REVENUE INCLUDED ON FORM 990, NOT IN FINANCIAL STATEMENTS PART XII, LINE 4B BLACK & WHITE EVENT $ (273,442) REALIZED GAINS ON INVESTMENTS $ 160,065 ------------ TOTAL PART XII, LINE 4B $ (113,377) OTHER EXPENSES INCLUDED IN FINANCIAL STATEMENTS, NOT ON FORM 990 PART XIII, LINE 2D BLACK & WHITE EVENT $ 273,442 REALIZED GAINS ON INVESTMENTS $ (160,065) POST RETIREMENT BENEFIT OBLIGATION $ 233,206 UNREALIZED LOSSES ON INVESTMENTS $ 9,722,812 ----------- TOTAL PART XIII, LINE 2D $10,069,395 true true true true true true true false false false false false false false false true false true NONDISCRIMINATORY POLICY LINE 3 A COPY OF THE COLLEGE'S RACIAL NONDISCRIMINATION POLICY IS INCLUDED IN ALL COLLEGE PUBLICATIONS. GOVERNMENT AID OR ASSISTANCE LINE 6A THE COLLEGE PARTICIPATES IN VARIOUS GOVERNMENTAL ASSISTANCE PROGRAMS INCLUDING THE FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS AND FEDERAL WORK STUDY PROGRAMS. Central America and the Caribbean 0 0 Investments 35665258 Europe (Including Iceland and Greenland) 0 0 Investments 3962341 Europe (Including Iceland and Greenland) 0 0 Program Services EDUCATIONAL ACTIVITIES 2761286 Central America and the Caribbean 0 0 Program Services EDUCATIONAL ACTIVITIES 49832 East Asia and the Pacific 0 0 Program Services EDUCATIONAL ACTIVITIES 393365 Middle East and North Africa 0 0 Program Services EDUCATIONAL ACTIVITIES 37235 North America 0 0 Program Services EDUCATIONAL ACTIVITIES 40730 Russia and the Newly Independent States 0 0 Program Services EDUCATIONAL ACTIVITIES 6433 South America 0 0 Program Services EDUCATIONAL ACTIVITIES 166384 South Asia 0 0 Program Services EDUCATIONAL ACTIVITIES 36642 Sub-Saharan Africa 0 0 Program Services EDUCATIONAL ACTIVITIES 43591 0 0 0 0 43163097 43163097 true false true true true true X true RUFFALOCODY PHONE SOLICIT. false 664910 410159 254751 664910 410159 254751 RI BLACK & WHITE 484578 402582 81996 105340 87532 80570 0 484578 402582 81996 105340 87532 80570 273442 -191446 FUNDRAISING ACTIVITIES PART I, LINE 2 PROVIDENCE COLLEGE HAS A WRITTEN AGREEMENT WITH RUFFALOCODY, A PROFESSIONAL FUNDRAISER, WHEREBY RUFFALOCODY PROVIDED TELEMARKETING SERVICES, INCLUDING PHONATHON MAILINGS. THE AGREEMENT CALLS FOR A MONTHLY PAYMENT OF AN AGREED UPON FEE, PLUS REIMBURSEMENT OF COSTS SUCH AS PRINTING, POSTAGE, SUPPLIES, ETC. RUFFALOCODY BILLS PROVIDENCE COLLEGE SEPARATELY FOR THESE COSTS. PROVIDENCE COLLEGE PAID RUFFALOCODY $410,159 DURING THE YEAR. true STUDENT SCHLORSHIPS & FINANCIAL AID 2807 47325838 ATHLETIC SCHOLARSHIPS 205 6571075 FEDERAL SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT 244 953702 MONITOR THE USE OF GRANT FUNDS IN THE U.S. PART I, LINE 2 THE OFFICE OF FINANCIAL AID MONITORS FEDERAL GRANT FUNDS USING BANNER REPORTING TOOLS TO TRACK THE LEVEL OF AMOUNTS PAID FOR ALL TITLE IV GRANTS AND INSTITUTIONAL GRANTS. AMOUNTS ARE RECONCILED TO THE STUDENT ACCOUNT SYSTEM TO ENSURE FUNDS ARE PROPERLY DISBURSED. X X true true X X X true false false false false false false false false HUGH F LENA 263388 0 0 0 8083 0 24500 0 19273 0 315244 0 0 0 MARIFRANCES MCGINN 215398 0 0 0 9930 0 21959 0 21565 0 268852 0 0 0 JOHN SWEENEY 227969 0 0 0 20951 0 14742 0 22425 0 286087 0 0 0 DAVID WEGRZYN 251785 0 0 0 17764 0 25569 0 23309 0 318427 0 0 0 KENO DAVIS 206667 0 0 0 535992 0 11000 0 9108 0 762767 0 0 0 ROBERT DRISCOLL 222671 0 0 0 33629 0 23862 0 19225 0 299387 0 0 0 EDWARD CARON 104378 0 0 0 115488 0 22403 0 22122 0 264391 0 0 0 EDWARD COOLEY 681671 0 50000 0 27320 0 9900 0 14627 0 783518 0 0 0 TIMOTHY ARMY 50961 0 0 0 158583 0 4779 0 9122 0 223445 0 0 0 MICHAEL FRAZIER 0 0 0 0 250800 0 24500 0 1077 0 276377 0 0 0 HOUSING ALLOWANCE AND HEALTH OR SOCIAL CLUB DUES PART I, LINE 1A THE COLLEGE'S PRESIDENT, REV. BRIAN J. SHANLEY, OP AND THE COLLEGE'S EXECUTIVE VICE PRESIDENT, REV. KENNETH J. SICARD, OP WERE PROVIDED WITH ON CAMPUS HOUSING. THE COLLEGE'S PRESIDENT, REV. BRIAN J. SHANLEY, OP, ROBERT DRISCOLL, ATHLETIC DIRECTOR, DAVID WEGRZYN, VICE PRESIDENT INSTITUTIONAL ADVANCEMENT, AND KENO DAVIS, BASKETBALL COACH, WERE PROVIDED WITH SOCIAL CLUB MEMBERSHIPS PAID BY THE COLLEGE. THE MEMBERSHIP DUES PAID BY THE COLLEGE FOR ROBERT DRISCOLL, DAVID WEGRZYN, AND KENO DAVIS ARE TAXABLE TO THE INDIVIDUALS AND INCLUDED IN THEIR FORM W-2. THESE AMOUNTS HAVE BEEN REPORTED IN FORM 990, PART VII AND ON SCHEDULE J. SEVERANCE PAYMENT PART I LINE 4A THE FOLLOWING INDIVIDUALS RECEIVED MONTHLY SEVERANCE PAYMENTS. THE TOTAL AMOUNTS RECEIVED ARE PROVIDED BELOW. KENO DAVIS - $506,250 MICHAEL FRAZIER - $250,800 TIMOTHY ARMY - $159,292 EDWARD CARON - $111,371 RI HEALTH & EDUCATIONAL BLDG CORP 541300173 762197JH5 2012-01-25 40337074 CONSTRUCTION false false false RI HEALTH & EDUCATIONAL BLDG CORP 541300173 762197CH2 2008-04-30 18200000 REFUNDING 2003B & 2006 BONDS false false false RI HEALTH & EDUCATIONAL BLDG CORP 521300173 7622438Y8 2003-08-01 64960688 PAYOFF 1993 BONDS AND CONSTRUCTION false false false 0 0 40337074 0 0 0 335840 0 0 0 0 40001234 2012 true false true true 1285000 0 18200000 0 0 0 243010 40513 0 0 17916477 0 2008 true false true true 15495000 0 64960688 0 1991410 0 751152 897420 0 21373796 39946910 0 2005 true false true true false false false false 0 true false false false false 0 true false false false false 0 true false false false 0 false 0 false false false true false 0 false 0 false false false false false 0 true TRINITY FUND PLUS 1.7 true false false X EDWARD A COOLEY PERSONAL LOAN X 400000 400000 false true true 400000 36150 TUITION STATE STREET MAUREEN CORCORAN, TRUSTEE 115630 ORDINARY BUSINESS false X 24 1250517 SELLING PRICE X 1 78800 FAIR MARKET VALUE X 1 290000 FAIR MARKET VALUE X MISCELLANEOUS 48 97006 FAIR MARKET VALUE 1 false true false CONTRIBUTIONS PART I, COLUMN (B) THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. ORGANIZATION'S MISSION PART III, LINE 1 PROVIDENCE COLLEGE IS A PRIMARILY UNDERGRADUATE, LIBERAL ARTS, CATHOLIC INSTITUTION OF HIGHER EDUCATION. COMMITTED TO FOSTERING ACADEMIC EXCELLENCE THROUGH THE SCIENCES AND HUMANITIES, THE COLLEGE PROVIDES A VARIETY OF OPPORTUNITIES FOR INTELLECTUAL, SOCIAL, MORAL, AND SPIRITUAL GROWTH IN A SUPPORTIVE ENVIRONMENT. THE COLLEGE ACTIVELY CULTIVATES INTELLECTUAL, SPIRITUAL, ETHICAL, AND AESTHETIC VALUES WITHIN THE CONTEXT OF THE JUDAEO-CHRISTIAN HERITAGE. THESE VALUES ARE NURTURED BY THE UNIQUE TRADITION OF THE DOMINICAN ORDER WHICH EMPHASIZES QUALITY TEACHING AND SCHOLARSHIP. PROVIDENCE COLLEGE RECOGNIZES THE UNITY OF THE HUMAN FAMILY THAT PROCEEDS FROM ITS ONE CREATOR. IT THEREFORE ENCOURAGES THE DEEPEST RESPECT FOR THE ESSENTIAL DIGNITY, FREEDOM, AND EQUALITY OF EVERY PERSON AND WELCOMES QUALIFIED WOMEN AND MEN FROM ALL RELIGIOUS, RACIAL, AND ETHNIC BACKGROUNDS. PROVIDENCE COLLEGE PREPARES ITS STUDENTS TO BE RESPONSIBLE AND PRODUCTIVE CITIZENS TO SERVE IN THEIR OWN SOCIETY AND THE GREATER WORLD COMMUNITY. 12-MEMBER CORPORATION PART VI, SECTION A, LINES 6-8B THE 12-MEMBER CORPORATION IS THE BODY THAT HAS THE ULTIMATE AUTHORITY TO EXERCISE CONTROL OVER OWNERSHIP OF PROPERTY, TO PROMULGATE AND AMEND THE BY-LAWS, TO ACCEPT OR REJECT THE RECOMMENDATION FOR ELECTION TO THE PRESIDENCY OF THE COLLEGE BY THE BOARD OF TRUSTEES, AND TO ELECT MEMBERS OF THE CORPORATION AND OF THE BOARD OF TRUSTEES. THE CORPORATION IS COMPRISED OF FOUR EX OFFICIO MEMBERS AND EIGHT OTHER INDIVIDUALS ELECTED BY THE CORPORATION, FOUR DOMINICAN FRIARS AND FOUR LAY PERSONS. THE EX OFFICIO MEMBERS ARE: THE PROVINCIAL OF THE PROVINCE OF ST. JOSEPH, THE ELECTED LEADER OF THE DOMINICAN ORDER FOR THE EASTERN REGION OF THE UNITED STATES; THE ROMAN CATHOLIC BISHOP OF THE DIOCESE OF PROVIDENCE; THE PRESIDENT OF THE COLLEGE; AND THE CHAIRMAN OF THE BOARD OF TRUSTEES. THE TERMS OF OFFICE OF THE BISHOP, THE PRESIDENT, THE PROVINCIAL AND THE CHAIRMAN OF THE BOARD OF TRUSTEES ARE CO-TERMINUS WITH THE RESPECTIVE INCUMBENCY OF EACH. THE TERM OF ALL OTHER MEMBERS IS FOUR YEARS. FORM 990 REVIEW PROCESS PART VI, SECTION B, LINE 11A THE FORM 990 WILL BE COMPLETED ANNUALLY AND COPIES WILL BE PROVIDED TO THE ENTIRE GOVERNING BOARD VIA POSTING ON THE TRUSTEES ONLY AREA OF THE COLLEGE WEBSITE. THE CHAIRMAN OF THE BOARD OF TRUSTEES AND ALL MEMBERS OF THE AUDIT COMMITTEE WILL REVIEW THE FORM 990 WITH THE COLLEGE'S PRESIDENT, EXECUTIVE VICE PRESIDENT/TREASURER, VICE PRESIDENT FOR FINANCE & BUSINESS/CFO, AND CONTROLLER. AT THE DISCRETION OF THE AUDIT COMMITTEE CHAIR, THE THIRD PARTY PREPARER OF THE FORM 990 MAY BE ASKED TO ATTEND. ANY NECESSARY CHANGE, IDENTIFIED THROUGH THE REVIEW PROCESS, WILL BE MADE TO THE ORIGINALLY SUBMITTED FORM 990. THIS UPDATED VERSION OF THE FORM 990 WILL BE CONSIDERED APPROVED FOR FILING. IT WILL BE SIGNED BY THE VICE PRESIDENT FOR FINANCE & BUSINESS/CFO, DATED, AND SUBMITTED BY THE FILING DEADLINE. A COPY OF THE APPROVED FORM 990 WILL BE PROVIDED, VIA POSTING ON THE TRUSTEES ONLY AREA OF THE COLLEGE WEBSITE, TO ALL OF THE OFFICERS AND TRUSTEES BEFORE THE RETURN IS FILED. CONFLICT OF INTEREST POLICY PART VI, SECTION B, LINE 12C ALL OFFICERS, TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANNUAL INTERESTS THAT COULD GIVE RISE TO CONFLICTS. ALL CONFLICT OF INTEREST DISCLOSURE FORMS ARE REVIEWED BY THE COLLEGE'S GENERAL COUNSEL, THE CHAIRMEN OF THE AUDIT COMMITTEE, AND A DESIGNEE OF THE CORPORATION. COMPENSATION POLICY PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES ANNUALLY REVIEWS THE POLICIES, PROGRAMS, AND TOTAL COMPENSATION FOR EXECUTIVES TO ENSURE COMPLIANCE WITH FEDERAL REGULATIONS CONCERNING EXECUTIVE COMPENSATION IN NON-PROFIT ORGANIZATIONS. COMPETITIVE SURVEY DATA IS COLLECTED, ANALYZED, AND SUMMARIZED BY THE ASSOCIATE VICE PRESIDENT FOR HUMAN RESOURCES AND IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. SALARIES ARE BASED UPON THE EXECUTIVE'S SCOPE, SIZE, AND COMPLEXITY OF RESPONSIBILITIES AS WELL AS PERFORMANCE AGAINST GOALS AND OBJECTIVES. BENEFITS FOR EXECUTIVES ARE THE SAME AS THOSE OFFERED TO ALL COLLEGE EMPLOYEES. THIS PROCESS IS USED TO ESTABLISH COMPENSATION FOR THE FOLLOWING: PRESIDENT, EXECUTIVE VICE PRESIDENT, PROVOST & VP FOR ACADEMIC AFFAIRS, VP FOR COLLEGE RELATIONS & PLANNING, VP FOR FINANCE & BUSINESS, VP AND GENERAL COUNSEL, VP FOR INSTITUTIONAL ADVANCEMENT, VP FOR MISSION & MINISTRY, AND VP FOR STUDENT AFFAIRS ADMINISTRATION. THIS PROCESS WAS LAST UNDERTAKEN IN JUNE, 2011. PART VI, SECTION B, LINE 15B PROVIDENCE COLLEGE'S PRESIDENT AND TREASURER ARE MEMBERS OF THE DOMINICAN FRIARS, A CATHOLIC RELIGIOUS ORDER. THEY ARE PROVIDED ON CAMPUS HOUSING AND HEALTHCARE BENEFITS BY THE COLLEGE. THE COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES IS SET BY THE PRESIDENT OF THE COLLEGE. INDEPENDENT COMPENSATION COMPARABILITY SURVEYS ARE USED PERIODICALLY IN SETTING COMPENSATION. PUBLIC DISCLOSURE POLICY PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC ON THE WEBSITE. THE COLLEGE COMMUNITY (FACULTY, STAFF, AND STUDENTS) HAVE ACCESS TO THE CONFLICT OF INTEREST POLICY THROUGH THE COLLEGE'S WEBSITE. FINANCIAL STATEMENTS ARE AVAILABLE TO ANYONE UPON REQUEST. THE FORM 990 IS POSTED ON THE INTERNET AT WWW.GUIDESTAR.ORG. OTHER CHANGES IN NET ASSETS PART XI, LINE 5 UNREALIZED LOSS ON INVESTMENTS ($9,722,812) UNCOLLECTIBLE PLEDGES ($769,985) POST RETIREMENT BENEFIT OBLIGATION ($233,206) -------------- TOTAL ($10,726,003) CHARITABLE REMAINDER TRUSTS (2) INVESTING RI NA TRUST CHARITABLE PERPETUAL TRUSTS (2) INVESTING RI NA TRUST false false false false false false false false false false false false false false false false false false