2012-05-11T14:01:19-05:00 2011-06-30 KPMG LLP 60 South Street Boston MA 02111 990 2010-07-01 050258810 Bryant University BRYA 4012326005 1150 Douglas Pike Smithfield RI 02917 BARRY F MORRISON 2012-05-11 6179881000 2010 2016-02-24 21:20:13Z RONALD K MACHTLEY 1150 DOUGLAS PIKE SMITHFIELD RI 029171284 200784674 false X WWW.BRYANT.EDU X 1863 RI BRYANT UNIVERSITY IS A STUDENT-CENTERED UNIVERSITY FOCUSED ON ACADEMIC EXCELLENCE THAT PREPARES ITS STUDENTS TO ACHIEVE THEIR PERSONAL BEST IN LIFE AND THEIR CHOSEN PROFESSIONS. 33 32 1856 500 1587333 4234730 4488816 145733600 152022144 6886544 1483271 1422030 1433908 158276904 159428139 37207406 40403105 0 0 61808486 64488418 179837 210908 2175221 53630260 56398837 152825989 161501268 5450915 -2073129 327166413 354101219 124456990 121284180 202709423 232817039 BRYANT UNIVERSITY IS A STUDENT-CENTERED UNIVERSITY FOCUSED ON ACADEMIC EXCELLENCE THAT PREPARES ITS STUDENTS TO ACHIEVE THEIR PERSONAL BEST IN LIFE AND THEIR CHOSEN PROFESSIONS. SEE SCHEDULE O false false 125153314 40403105 116916116 *UNDERGRADUATE, GRADUATE AND CERTIFICATE PROGRAMS - INCLUDING ACADEMIC SUPPORT AND STUDENT SERVICES* SEE SCHEDULE O 11227278 0 35395600 *AUXILIARY SERVICES - DINING AND HOUSING* SEE SCHEDULE O 3732228 0 973834 *PUBLIC SERVICE* SEE SCHEDULE O 140112820 true true false false false false true false true true true false false true true false true true false true false true true true false false true true true true false false false false false false true false true false true false false false true true true true false false true 473 0 true 1856 true true true false false false false true true false false false false X 33 32 true false false false false false false true true false true true true true true true true true true true true true MA RI X MR BARRY F MORRISON 4012326017 1150 DOUGLAS PIKE SMITHFIELD RI 029171284 MICHAEL E FISHER 2.0 X 0 0 0 KATHLEEN C HITTNER MD 2.0 X 0 0 0 RICHARD A PLOTKIN 2.0 X 0 0 0 DAVID M BEIRNE 2.0 X 0 0 0 GEORGE E BELLO 2.0 X 0 0 0 ROBERT J CALABRO 2.0 X 0 0 0 JOSEPH C CAPEZZA JR 2.0 X 0 0 0 RICHARD A CAPOBIANCO 2.0 X 0 0 0 THOMAS CELONA 2.0 X 0 0 0 GERALD F CERCE 2.0 X 0 0 0 KRISTEN E COLLINS 2.0 X 0 0 0 WILLIAM J CONATY 2.0 X 0 0 0 HERBERT W CUMMINGS 2.0 X 0 0 0 NANCY DEVINEY 2.0 X 0 0 0 C CORRELL DURLING 2.0 X 0 0 0 DAVID R GAVITT 2.0 X 0 0 0 SAMEER KANODIA 2.0 X 0 0 0 TRICIA M KORDALSKI 2.0 X 0 0 0 DOUGLAS S KRUPP 2.0 X 0 0 0 ALBERTO J LAGRECA JR 2.0 X 0 0 0 JOANNA T LAU 2.0 X 0 0 0 DEBORAH MAY 2.0 X 0 0 0 KRISTIAN P MOOR 2.0 X 0 0 0 DONALD R QUATTRUCCI 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 RITA WILLIAMS-BOGAR 2.0 X 0 0 0 RONALD K MACHTLEY 50.0 X X 439264 0 110323 CHRISTOPHER W BODINE 2.0 X 0 0 0 TODD G CAREY 2.0 X 0 0 0 CHRISTINA SHAW 2.0 X 0 0 0 GEORGE A VECCHIONE 2.0 X 0 0 0 BARRY F MORRISON 50.0 X 284797 0 60780 VK UNNI 50.0 X 291864 0 46309 ARTHUR S GLOSTER II 50.0 X 243275 0 46560 JAMES L DAMRON 50.0 X 221828 0 48093 LORNA J HUNTER 50.0 X 210441 0 51579 J THOMAS EAKIN 50.0 X 201371 0 65817 ROGER L ANDERSON 50.0 X 208574 0 18683 JOSE-MARIE GRIFFITHS 50.0 X 145378 0 63062 LINDA S LULLI 50.0 X 200120 0 22623 JACK W TRIFTS 50.0 X 158936 0 34142 DAVID S LUX 50.0 X 157894 0 70983 CAROL W DEMORANVILLE 50.0 X 163102 0 33486 DAVID A LOUTON 50.0 X 207917 0 69732 CHARLES P CULLINAN 50.0 X 181227 0 36623 DENNIS M BLINE 50.0 X 197408 0 67198 CHARLES J QUIGLEY JR 50.0 X 183910 0 35891 LAWRENCE H WITNER 50.0 X 183067 0 33000 3880373 0 914884 113 false true false ANTHONY LAPRESTE DBA CMS CONSULTI 4 WHITTIER ROAD MILFORD MA 017571230 CONSULTANT 282463 BARCLAYS CAPITAL INC 150 COOLIDGE AVENUE WATERTOWN MA 024710318 INVESTEMENT BANKING 240619 WOZNEYBARBER ASSOCIATES INC 1090 WASHINGTON STREET HANOVER MA 02339 ARCHITECTURE/DESIGN 202212 RUFFALO CODY PO BOX 3018 CEDER RAPIDS IA 524063018 PROF FUNDRAISING 188744 CAMBRIDGE ASSOCIATES LLC 100 SUMMER STREET BOSTON MA 02110 INVESTMENT MANAGMENT 179109 13 115356 668583 3704877 162888 4488816 TUITION AND FEES 900099 114287163 114287163 AUXILIARY ENTERPRISES 721310 35395599 33914118 1481481 STUDENT SERVICES REVENUES 900099 1365548 1365548 FEES & CONTRACTS FROM GOV'T AGENCIES 900099 833476 833476 PUBLIC SERVICE PROGRAMS 900099 140358 140358 152022144 1136725 105852 1030873 0 0 41393714 213704 40973528 287344 420186 -73640 346546 346546 73066 115356 95053 -21987 -21987 11490 610 10880 10880 0 SOPHOMORE INTERNATIONAL EXPERIENCE 900099 590900 590900 LAPTOP PROGRAM 900099 129579 129579 ALUMNI EVENTS 900099 66355 0 66355 658181 542927 115254 1445015 159428139 151804069 1587333 1547921 35930 35930 39325487 39325487 1041688 1041688 0 3751988 905833 2706214 139941 228733 138003 90730 45817000 39496822 5247744 1072434 3395925 3123411 209967 62547 8103840 7268777 608164 226899 3190932 2750762 365480 74690 0 207605 207605 164571 163400 1171 0 210908 210908 2195985 2195985 2948083 1091178 1835857 21048 2200483 935535 1162731 102217 2322957 1913293 315007 94657 1628845 1009661 619032 152 0 3024626 2604808 419818 3511478 3211666 246499 53313 0 419046 350925 64792 3329 3915173 3711192 203981 0 16494913 16392743 102170 691440 69836 621604 DINING SERVICES 6891827 6887664 3218 945 FACILITY REPAIRS 979690 957646 21246 798 ACTIVITIES EXPENSE 739499 730547 8952 SOPHOMORE INT'L EXP. 627275 627275 STUDY ABROAD PAYMENTS 2551109 2551109 0 4884232 2981029 1793031 110172 161501268 140112820 19213227 2175221 28841098 37284977 272406 667305 1493621 1915834 5722970 5558147 1504139 1539830 291641259 137574316 159478033 154066943 71792446 79596706 58061486 73471386 214 91 327166413 354101219 15033208 16014171 7556038 7109831 84617436 82733984 17250308 15426194 124456990 121284180 X 185330438 212045210 5558975 8606103 11820010 12165726 202709423 232817039 327166413 354101219 X -2073129 32180745 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 222800 X false 126118730 376248 30973741 1926871 4630473 2195985 148715390 120209492 360255 13318034 1979783 4500001 1289267 126118730 168494180 303105 -38987139 1809596 6044204 1746854 120209492 0.88000 0.12000 0.00000 false false 2953236 2953236 218735716 91473439 127262277 50915803 39715324 11200479 19036504 6385553 12650951 154066943 HEDGE FUNDS 42965479 F PRIVATE PLACEMENT PROGRAMS 30505907 F 73471386 0 SWAP DERIVATIVES 6870189 REFUNDABLE ADVANCES - US GOV 5982794 ASSET RETIRMENT OBLIGATION 2573211 15426194 159428139 161501268 -2073129 28304076 2195985 1680687 32180748 30107619 148234664 28304076 -39593214 -11289138 159523802 -95663 -95663 159428139 118127046 95663 95663 118031383 2195985 41273900 43469885 161501268 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 $ 1,745,083 CHANGE IN SPLIT INTEREST AGREEMENT $ (64,396) TOTAL $ 1,680,687 RECONCILIATION OF REVENUE PART XII, LINE 2D SCHOLARSHIPS AND GRANTS $(40,367,175) ACCRUAL OF LIABILITY FOR ASSET REMEDIATION $ (163,040) ACCRUAL OF OTHER NONOPERATING LIABILITY $ (743,686) CHANGE IN SPLIT INTEREST AGREEMENT $ (64,396) CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS $ 1,745,083 TOTAL $(39,593,214) PART XII, LINE 4B FUNDRAISING $ (95,053) GAMING EXPENSES $ (610) TOTAL $ (95,663) RECONCILIATION OF EXPENSES PART XIII, LINE 2D FUNDRAISING EXPENSES $ 95,053 GAMING EXPENSES $ 610 TOTAL $ 95,663 PART XIII, LINE 4B SCHOLARSHIPS AND GRANTS $ 40,367,175 ACCRUAL OF LIABILITY FOR ASSET REMEDIATION 163,040 ACCRUAL OF OTHER NONOPERATING LIABILITY 743,685 TOTAL $ 41,273,900 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 ADMINISTERS FEDERAL FINANCIAL AID AND PERKINS FUNDS TO THE STUDENTS WHO QUALIFY. true East Asia and the Pacific 0 0 Program Services STUDY ABROAD 1170342 Central America and the Caribbean 0 0 Program Services STUDY ABROAD 148925 Europe (Including Iceland and Greenland) 0 0 Program Services STUDY ABROAD 2978099 South America 0 0 Program Services STUDY ABROAD 69750 Sub-Saharan Africa 0 0 Program Services STUDY ABROAD 26740 North America 0 0 Program Services INTERNATIONAL LEARNING 1464 Central America and the Caribbean 0 0 Program Services STUDENT RECRUITING 4185 East Asia and the Pacific 0 0 Program Services STUDENT RECRUITING 11930 Europe (Including Iceland and Greenland) 0 0 Program Services STUDENT RECRUITING 15095 Middle East and North Africa 0 0 Program Services STUDENT RECRUITING 6421 North America 0 0 Program Services STUDENT RECRUITING 921 South Asia 0 0 Program Services STUDENT RECRUITING 2494 Sub-Saharan Africa 0 0 Program Services STUDENT RECRUITING 2401 Europe (Including Iceland and Greenland) 0 0 Program Services SPORTS TRAVEL 88420 Europe (Including Iceland and Greenland) 0 0 Unrelated Trade or Business 4123 Central America and the Caribbean 0 0 Investments 17994946 0 0 0 0 22526256 22526256 SCHOLARSHIPS East Asia/Pacific 35 254578 STUDENT ACCT SCHOLARSHIPS Cent. America/Caribbean 1 8500 STUDENT ACCT SCHOLARSHIPS Europe/Iceland/Greenland 93 740985 STUDENT ACCT SCHOLARSHIPS South America 3 37625 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 RUFFALO CODY PHONATHON SERVICES false 304791 152798 151993 MARTS LUNDY FUNDRAISING CONSULTING false 50110 -50110 LISA HUROWITZ FUNDRAISING CONSULTING false 8000 -8000 304791 210908 93883 MA NH RI GOLF TOURNAMENT 188422 115356 73066 2500 31240 13983 47330 0 188422 115356 73066 2500 31240 13983 47330 95053 -21987 1150 DOUGLAS PIKE SMITHFIELD RI 02917 PART 1, LINE 2B INCLUDED IN RUFFALO CODY PAYMENTS OF $152,798 ARE PAYMENTS FOR FUNDRAISING EXPENSES OF $3,002. THE UNIVERSITY IS BILLED SEPARATELY FOR ANY FUNDRAISING EXPENDITURES RUFFALO CODY IS SEEKING PAYMENT FOR. THESE EXPENDITURES ARE SPECIFICALLY IDENTIFIED LINE ITEMS ON THE INVOICES THAT ARE PRESENTED FOR PAYMENT. true RHODE ISLAND PUBLIC EXPENDITURE COUNCIL 86 WEYBOSSET ST PROVIDENCE RI 02903 050271571 501(C)(3) 7500 0 SPONSORSHIP BIG SISTERS OF RHODE ISLAND 1540 PONTIAC AVENUE CRANSTON RI 02920 222606942 501(C)(3) 5300 0 SPONSORSHIP 2 0 NEED-BASED GRANTS 1623 16483397 ACADEMIC SCHOLARSHIPS 974 11713273 DIVERSITY AWARDS 222 4353600 ATHLETIC AWARDS 332 4422936 ENDOWED SCHOLARSHIPS 174 1001348 SPECIAL PROGRAMS 146 551439 ANNUAL GIFTS 102 447047 SEOG PROGRAM 520 320332 FWS COMMUNITY SERVICE 26 32115 GRANTS AND OTHER ASSISTANCE TO GOVERNMENTS AND ORGANIZATIONS IN THE U.S. PART II THE UNIVERSITY PROVIDED ASSISTANCE TO THESE ORGANIZATIONS BY CONTRIBUTING TO THEIR FUNDRAISING EVENTS. THE UNIVERSITY DID NOT TAKE A CHARITABLE CONTRIBUTION DEDUCTION ON ITS FORM 990-T. 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 FOUR 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 X false true false false false false false false false RONALD K MACHTLEY 399897 0 0 0 39367 0 27840 0 82483 0 549587 0 0 0 BARRY F MORRISON 241277 0 26660 0 16860 0 42840 0 17940 0 345577 0 0 0 VK UNNI 246656 0 25660 0 19548 0 27840 0 18469 0 338173 0 0 0 ARTHUR S GLOSTER II 197310 0 26560 0 19405 0 25070 0 21489 0 289834 0 0 0 JAMES L DAMRON 189990 0 23260 0 8578 0 29270 0 18823 0 269921 0 0 0 LORNA J HUNTER 166577 0 24292 0 19572 0 19917 0 31662 0 262020 0 0 0 J THOMAS EAKIN 162923 0 25400 0 13048 0 19998 0 45819 0 267188 0 0 0 LINDA S LULLI 178286 0 20250 0 1584 0 19940 0 2683 0 222743 0 0 0 JACK W TRIFTS 158392 0 0 0 544 0 15387 0 18755 0 193078 0 0 0 ROGER L ANDERSON 160942 0 20100 0 27532 0 17753 0 930 0 227257 0 0 0 DAVID S LUX 153810 0 2500 0 1584 0 17236 0 53747 0 228877 0 0 0 DAVID A LOUTON 207365 0 0 0 552 0 19360 0 50373 0 277650 0 0 0 CHARLES P CULLINAN 180867 0 0 0 360 0 18164 0 18460 0 217851 0 0 0 DENNIS M BLINE 196376 0 0 0 1032 0 16861 0 50337 0 264606 0 0 0 JOSE-MARIE GRIFFITHS 144776 0 0 0 602 0 13996 0 49066 0 208440 0 0 0 CAROL W DEMORANVILLE 162070 0 0 0 1032 0 13124 0 20361 0 196587 0 0 0 CHARLES J QUIGLEY JR 182326 0 0 0 1584 0 17038 0 18853 0 219801 0 0 0 LAWRENCE H WITNER 181483 0 0 0 1584 0 14620 0 18380 0 216067 0 0 0 BENEFITS PART I, LINE 1A RONALD MACHTLEY, PRESIDENT OF THE UNIVERSITY AND MEMBER OF THE BOARD OF TRUSTEES, TRAVELLED ON ONE TRIP 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. EXPENSES RELATED TO THESE TRIPS FOR MRS. MACHTLEY PAID FOR BY BRYANT UNIVERSITY TOTALLED $779 AND ARE NON-TAXABLE. THE UNIVERSITY ALSO PAID $7,700 FOR PRESIDENT MACHTLEY'S MEMBERSHIPS AND ASSOCIATED FEES FOR TWO SEPARATE SOCIAL CLUBS. 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 2010 BUT NO AMOUNTS WERE PAID OUT TO EITHER PARTICIPANT. 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 PREMIUMS 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 EDUCATION BUILDING CORP 521300173 762197CE9 2008-04-24 50420000 REFUNDING 12/8/05 & 6/21/07 BONDS false false false 50420000 395680 24320 50000000 2008 true false true true false true false false false 0.00500 0.02300 0.02800 true false true true WELLS FARGOBARCLAYS 26.5 false false false false true NA N/A 32819 TUITION REMISS. T ABRAHAM HUNTER SPOUSE OF LORNA HUNTER 46968 SALARY & BENEFITS PAID BY UNIV false KATI MACHTLEY SPOUSE OF RONALD MACHTLEY 81150 SALARY & BENEFITS PAID BY UNIV false COLLEEN ANDERSON SPOUSE OF ROGER ANDERSON 56853 SALARY & BENEFITS PAID BY UNIV false ZANETA HUNTER DAUGHTER OF LORNA HUNTER 43762 SALARY & BENEFITS PAID BY UNIV false X 4 FMV X 9 63184 AVERAGE OF HIGH/LOW X 6 4869 FMV X TRANSPORTATION 1 70000 FMV X SOFTWARE 1 2000 FMV X MISCELLANEOUS 6 1913 FMV X GOLF TOURNAMENT AND REGIONAL ALUMNI EVENTS 75 20918 FMV 0 false true false NUMBER OF CONTRIBUTIONS PART I, COLUMN B DENOTES THE NUMBER OF CONTRIBUTIONS RECEIVED DURING THE FISCAL PERIOD. ORGANIZATION'S MISSION PART III, LINE 1 BRYANT IS A STUDENT-CENTERED UNIVERSITY FOCUSED ON ACADEMIC EXCELLENCE THAT PREPARES ITS STUDENTS TO ACHIEVE THEIR PERSONAL BEST IN LIFE AND THEIR CHOSEN PROFESSIONS THROUGH * CHALLENGING ACADEMIC PROGRAMS OFFERED BY FACULTY MEMBERS PROMINENT IN THEIR FIELDS, * A CULTURALLY ENRICHING CAMPUS LIFE THAT ENCOURAGES PERSONAL GROWTH, * CORPORATE AND BUSINESS EXPERIENCES AND AFFILIATIONS, * THE INTEGRATION OF ADVANCED TECHNOLOGY INTO THE CURRICULUM, AND * THE CULTIVATION OF A GLOBAL PERSPECTIVE THROUGH COURSE WORK AND STUDENT-LIFE ACTIVITIES. 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 3,292 AND THE GRADUATE PROGRAM WAS 179. 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 85% 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 ARE EMPLOYED BY LIFESPAN: GEORGE VECCHIONE, PRESIDENT AND CEO; AND KATHLEEN HITTNER, MD 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. DOCUMENT RETENTION POLICY PART VI, SECTION B, QUESTION 14 WITHIN THE UNIVERSITY, VARIOUS DEPARTMENTS HAVE A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY THAT PERTAINS TO THAT AREA. THE UNIVERSITY HAS DRAFTED AN ORGANIZATION WIDE POLICY IN ORDER FOR THE POLICY TO BE UNIFORM AND CONSISTENT THROUGHOUT THE UNIVERSITY. 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 28,304,073 INVESTMENT EXPENSES 2,195,985 CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 1,745,083 CHANGE IN SPLIT INTEREST AGREEMENT (64,396) -------------- OTHER CHANGES IN NET ASSETS 32,180,745 BRU LLC 1150 DOUGLAS PIKE SMITHFIELD RI 02917 231386793 REAL ESTATE RI 935842 BRYANT UNIV THE HCT CHARITABLE REMAINDER UNITRUST 90 ELM STREET PROVIDENCE RI 02903 056125338 CHARITABLE TRUST RI NA TRUST 0 105946 0.82000 false false false false false false false false false false false false false false false false true false