2012-05-08T13:55:47-07:00 2011-06-30 Batchelor Frechette McCrory Michael and Co 40 Westminster Street Providence RI 02903 990 2010-07-01 050277222 Roger Williams University ROGE 4012531040 One Old Ferry Road Bristol RI 02809 Jerome F Williams 4012543536 2012-05-08 1 George Warner 4016216200 2012-05-08 2010 2016-02-24 21:20:13Z Donald J Farish One Old Ferry Road Bristol RI 028092921 177566545 0 X www.rwu.edu X 1959 RI Roger Williams University is an independent liberal arts 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. 23 20 3393 252 116295 0 5052090 5049619 150491300 155913928 -760550 2602394 2950300 2275908 157733140 165841849 30269029 31926561 0 0 76048778 76369047 0 0 2921610 52114405 54352288 158432212 162647896 -699072 3193953 286350312 288745000 207378312 198012000 78972000 90733000 X See Schedule O 0 0 150174946 31926561 157254166 Higher Education: Roger Williams University (the "University"), located in Bristol, Rhode Island, is a private liberal arts university that includes the Colleges of Arts and Sciences and five professional schools. The University offers 43 bachelor's degrees and 11 master's degrees. 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 2011 was approximately 3591 full-time and 672 part-time undergraduates plus 166 full-time and 204 part-time graduate students. 0 0 0 150174946 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 1 0 0 0 0 1 281 0 1 3393 1 1 1 1 UK 0 0 0 1 1 0 0 0 0 X 23 20 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Jerome F Williams 4012543536 One Old Ferry Road Bristol RI 02809 Timothy E Baxter 1.00 X 0 0 0 Richard L Bready 1.00 X 0 0 0 Rodney A Butler 1.00 X 0 0 0 Gary R Chapman 1.00 X 0 0 0 Mario J Gabelli 1.00 X 0 0 0 Luis F Gomez 1.00 X 0 0 0 Denise M Jenkins 1.00 X X 0 0 0 Jerrold L Lavine 1.00 X X 0 0 0 Suzanne M Magaziner 1.00 X 0 0 0 Mark Mandell 1.00 X 0 0 0 John McConnell 1.00 X 0 0 0 Marcia Morris 1.00 X 0 0 0 Sami Nacaroglu 1.00 X 0 0 0 Patricia Noonan 1.00 X 0 0 0 Helen Ostrowski 1.00 X 0 0 0 Scott Pray 1.00 X 0 0 0 Frank Rainieri Jr 1.00 X 0 0 0 Marc Spiegel 1.00 X 0 0 0 Robert Stoico 1.00 X 0 0 0 Hala Taweel 1.00 X 0 0 0 Arlene Violet 1.00 X 0 0 0 Joseph Weisberger 1.00 X 0 0 0 David Wajsgras 1.00 X 0 0 0 Timothy Yeaton 1.00 X 0 0 0 Ronald O Champagne 40 X X 140557 0 15000 Donald J Farish 40 X X 0 0 0 Roy J Nirschel 40 X X 243470 0 60986 Robert H Avery 40 X 207827 0 29523 James C Noonan 40 X 177487 0 27527 Jerome F Williams 40 X 197856 0 28802 Laura DeAbruna 40 X 232100 0 21672 Lynn Fawthrop 40 X 201440 0 29150 Jerry Dauterive 40 X 174566 0 26902 Anthony Hollingsworth 40 X 170825 0 25340 Rachel McCormack 40 X 160604 0 34360 June Speakman 40 X 160871 0 29576 Yeuhong Yuan 40 X 180276 0 18721 Joseph Pangborn 40 X 143919 0 14591 2391798 0 362150 124 1 1 0 Bond Brothers Inc 145 Spring St Everett MA 02149 Construction company 1514799 Shawmut Design & Construction 560 Harrison Avenue Boston MA 02118 Construction company 1265294 DaPonte's Landscaping Services 700 Wood Street Bristol RI 02809 Landscaping/Construction 671586 Amstar of Western NY Inc 825 Rein Road Cheektowga NY 14225 Construction 594032 Ropes & Gray LLP PO Box 414265 Boston MA 022414265 Legal 484002 72 0 0 17175 0 3729941 1302503 0 5049619 Tuition 611310 110920230 110920230 0 0 Room & Board 611310 35767575 35767575 0 0 Student Fees 611310 7071136 7071136 0 0 2154987 2154987 0 0 155913928 466889 0 0 466889 52978 0 0 52978 0 0 0 0 0 0 0 0 0 0 0 0 0 0 13777899 0 11567023 128349 2210876 -128349 2082527 0 0 2082527 54095 17175 29324 24771 0 24771 0 0 0 0 0 0 0 0 0 0 0 0 Justice Training 900099 382138 382138 Conferences 900099 794604 0 0 794604 LPI Program 900099 143623 143623 930772 814477 116295 0 2251137 165841849 157254166 116295 3421769 0 0 31926561 31926561 0 0 0 0 1544655 471942 919102 153611 0 0 0 0 56023663 50397552 4041731 1584380 3714053 3281875 320051 112127 10671350 9429599 919582 322169 4415326 3901545 380482 133299 171510 0 171510 0 154164 0 154164 0 290779 0 290779 0 0 0 0 0 0 0 396065 0 396065 0 7698578 6949473 659584 89521 845957 820407 125 25425 3964715 3514486 211356 238873 1706989 1265608 422864 18517 3375 3375 0 0 8090421 7944220 146201 0 1852637 1730731 49267 72639 0 0 0 0 784207 722530 50046 11631 7104881 7104881 0 0 0 0 0 0 10988437 10988437 0 0 999946 999946 0 0 Study Abroad 3573834 3573834 0 0 Student Expense 1851977 1746970 101614 3393 Library Materials 1044223 1044223 0 0 Loss on Defeasance 902829 902829 0 0 Student Travel 506288 506288 0 0 1420476 947634 316817 156025 162647896 150174946 9551340 2921610 3300000 2200000 0 0 1567000 1092000 6440000 6938000 0 0 0 0 0 0 133000 427000 125000 235000 329271000 113691000 218498655 215580000 53081000 64109000 0 0 0 0 0 0 3205657 -1836000 286350312 288745000 14782000 12402000 0 0 11584000 15430000 146279000 139876000 0 0 0 0 8821000 8083000 0 0 25912312 22221000 207378312 198012000 X 70224000 80329000 3729000 5235000 5019000 5169000 78972000 90733000 286350312 288745000 X 3193953 8567047 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 1 3510 0 0 1 55444 0 0 58954 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 Schedule C, Part II-B, Line 1d) PSW, a full-service government relations and lobbying firm helped draft letters to Members of Congress and US Senators in support of RWU and executive agency grant requests. PSW also assisted in drafting meeting requests to federal officials on behalf of RWU staff, as well as letters to President Obama and Congressional Representatives. Line 1g) PSW engaged in direct contact with members of RI Congressional Delegation and executive agency staff in support of RWU programs and regarding appropriation requests. 58560500 134000 11098000 113000 4685000 0 64994500 52735000 129500 5939000 114000 129000 0 58560500 88760000 85000 -22048000 104000 13958000 0 52735000 0.8918 0.0793 0.0289 0 0 0 3712000 3712000 0 256873000 61123000 195750000 0 3498000 2591000 907000 0 65188000 49977000 15211000 0 0 0 0 215580000 Unamortized Bond Issue Costs 2899000 Deposits with Bond Trustees 6659000 Intercompany - Roger Williams University School of Law -11394000 -1836000 Short-term Borrowing 10550000 Other Long-term Liabilities 4392000 Interest Rate Swap Agreements 3676000 Obligations Under Capital Leases 1830000 Refundable Advances - US Government Grant 1773000 22221000 165841849 162647896 3193953 8567047 0 0 0 0 8567047 11761000 135092000 0 0 0 0 0 135092000 0 30749849 30749849 165841849 130530504 0 0 0 0 0 130530504 0 32117392 32117392 162647896 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 Board of Trustees. SchD_P10_S00_L02 Schedule D, Part X, Line 2 FIN 48 Footnote - The University is a tax exempt organization as described in Section 501(c)(3) of the Internal Revenue Code and is generally exempt from income taxes pursuant to Section 501(a) of the Code. The University assesses uncertain tax positions and determined that there were no such positions that have a material effect on the financial statements. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Institutional aid of $30,832, federal and state aid of $1,095, investment earnings in excess of board designated income for operations of ($1,049) and loss on disposal of assets of ($128K) SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Part XIII, line 4b-$30,832 of institutional aid, $1,095 of federal and state aid, $903K loss on defeasance and ($717) swap adjustment and misc variance of $4K 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. 1 Central America and the Caribbean 0 0 Program Services Bus Travel/S Abroad 94077 East Asia and the Pacific 0 0 Program Services Bus Travel/S Abroad 37419 Europe (including Iceland and Greenland) 0 0 Program Services Bus Travel/S Abroad 225272 Middle East and North Africa 0 0 Program Services Bus Travel/S Abroad 89530 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Bus Travel/S Abroad 4262 South America 0 0 Program Services Bus Travel/S Abroad 159132 0 0 609692 0 0 0 0 1 0 SchF_P01_S00_L02 Schedule F, Part I, Line 2 The study abroad programs are separately tracked in the University's general ledger system by activity and the amounts represent tuition payments, lodging, travel costs 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 71270 17175 54095 0 0 5000 19292 0 5032 0 0 71270 17175 54095 0 0 5000 19292 0 5032 29324 24771 1 Scholarships to students 2947 0 31926561 Other Reduction of 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 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 Robert H Avery 207827 0 0 0 0 0 16866 0 12657 0 237350 0 0 0 Ronald O Champagne 140557 0 0 0 0 0 0 0 15000 0 155557 0 0 0 Jerry Dauterive 174566 0 0 0 0 0 14160 0 12742 0 201468 0 0 0 Laura DeAbruna 232100 0 0 0 0 0 17888 0 3784 0 253772 0 0 0 Lynn Fawthrop 201440 0 0 0 0 0 16400 0 12750 0 230590 0 0 0 Anthony Hollingsworth 170825 0 0 0 0 0 11650 0 13690 0 196165 0 0 0 Rachel McCormack 160604 0 0 0 0 0 10278 0 24082 0 194964 0 0 0 Roy J Nirschel 243470 0 0 0 0 0 19542 0 41444 0 304456 0 0 0 James C Noonan 177487 0 0 0 0 0 14420 0 13107 0 205014 0 0 0 Joseph Pangborn 143919 0 0 0 0 0 11285 0 3306 0 158510 0 0 0 June Speakman 160871 0 0 0 0 0 12667 0 16909 0 190447 0 0 0 Jerome F Williams 197856 0 0 0 0 0 16000 0 12802 0 226658 0 0 0 Yeuhong Yuan 180276 0 0 0 0 0 11499 0 7222 0 198997 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 house is included as a nontaxable benefit on Schedule J. Personal Services - A University employee regularly cleans the President's residence and this is not treated as taxable compensation. RIHEBC 521300173 762243DV2 2003-11-01 32000000 Construction and Refunding 0 0 0 RIHEBC 521300173 762197AY7 2006-10-12 17705000 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 0 2708262 0 0 1595805 0 0 16251005 0 0 2004 1 0 1 1 0 0 0 1320496 0 0 714671 0 0 15864014 0 0 2008 0 0 1 1 0 0 0 564446 0 0 0 0 0 126115 0 0 2009 1 0 1 1 0 0 0 365002 0 0 0 0 0 37511392 0 0 2010 0 0 1 1 0 0 1 0 0 0 0.033 0.033 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 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 SchK_P03_S00_L03c Schedule K, Part III, Line 3c Inside counsel performs such review. RIHEBC 521300173 2011-06-02 26410000 Refund 1998 Bonds 0 0 0 0 0 0 3481696 0 27075000 237781 0 0 0 293000 0 2012 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 Tuition Remission Child of Officer 20806 Scholarship and tuition remisssion Marc Spiegel Board Member 1242055 Payments to Academic Cntrs Abroad 0 SchL_P04_S00_L00 Schedule L, Part IV All employees, including employees who may meet the definition of an interested person, are hired through procedures administered by the University's Human Resources Department under applicable University policies. All such employees are provided the same benefits, and are subject to the same policies and procedures, as other similarly classified University employees. All business transactions, including those with individuals or companies that may meet the definition of an interested party, are made within the normal course of business and are conducted at arm's length. Purchasing decisions are not made by these individuals F990_P01_S00_L04 Form 990, Part I, Line 4 In regards to the nonindependent individuals identified: The President of the University is an ex officio member of the Board of Trustees and enjoys all rights and privileges, including voting, of term trustees. Other trustees may have family or business relationships with the University as disclosed in Form 990, Part VI, Section A, Line 2 and Schedule L, Part IV. F990_P03_S00_L01 Form 990, Part III, Line 1 Roger Williams University is an independent liberal arts 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, and Executive VP for Finance and Administration along with assistance from the University's Office of General Counsel. The completed Form 990 and schedules along with relevant back up are provided to an independent accounting firm for a thorough review. Upon completion the form is provided to the Audit Committee of the Board of Trustees for review, discussion and approval prior to being filed. 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 a 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 an ad hoc Compensation Committee of the Board of Trustees. The Compensation Committee's review includes the use of comparability data and other outside consultants. The process for determining compensation for the University's other officers or key employees currently includes, but is not limited to, a review of market comparability data as well as consultation with independent members of the Board of Trustees. 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 Conflict of Interest Policy governing employees and the corresponding disclosure form is available on the University's web site. Audited financial statements are not publically available. F990_P11_S00_L05 Form 990, Part XI, Line 5 Line 5 is net unrealized gains/losses on investments not included on form 990 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 0