2026-05-11T08:59:39-05:00 2025-06-30 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 021293742 990 2024-07-01 050306206 JOHNSON & WALES UNIVERSITY JOHN 4015981900 8 ABBOTT PARK PLACE PROVIDENCE RI 02903 DANIELLE SANTAMARIA CHIEF FINANCIAL OFFICER 4015981900 2026-05-07 1 1 LYNNE JOHNSON P01434915 6179129000 2026-05-07 2024 2025-03-06 01:10:19Z MINNIE L RUNEY 8 ABBOTT PARK PLACE PROVIDENCE RI 02903 415611964 0 X WWW.JWU.EDU X 1914 RI EDUCATIONAL ACTIVITIES 10 9 3353 27 1683247 1010112 5346378 4445783 292684476 303719382 11681186 29740084 3591608 4473479 313303648 342378728 110104168 120399305 0 0 147616274 154597004 511545 637331 3290637 97526784 97805159 355758771 373438799 -42455123 -31060071 784661941 773639499 89046274 89809651 695615667 683829848 THE MISSION OF JOHNSON & WALES UNIVERSITY (JWU) IS TO PROVIDE AN EXCEPTIONAL EDUCATION THAT INSPIRES PROFESSIONAL SUCCESS AND LIFELONG PERSONAL AND INTELLECTUAL GROWTH. 0 0 338666746 120399305 304735666 IN FY 2025, JWU ENROLLMENT AT ITS CAMPUSES IN PROVIDENCE, RI, AND CHARLOTTE, NC, AND ONLINE LEARNING PROGRAM TOTALED 8,332 STUDENTS (7,307 UNDERGRADS AND 1,025 GRAD) JWU AWARDED 2,068 DEGREES INCLUDING 379 ASSOCIATE'S, 1,192 BACHELOR'S, 372 GRADUATE, 59 DOCTORAL, AND 66 CERTIFICATES. JWU EMPLOYED 318 FT AND 389 PT FACULTY THROUGHOUT ITS COLLEGES OF ART & SCIENCES, COLLEGE OF BUSINESS AND HOSPITALITY, COLLEGE OF DIETETICS AND NUTRITION, COLLEGE OF FOOD INNOVATION & TECHNOLOGY, COLLEGE OF HEALTH AND WELLNESS, AND COLLEGE OF ONLINE EDUCATION. 40% OF STUDENTS WERE FIRST GENERATION COLLEGE STUDENTS OF THOSE WHO REPORTED THEIR PARENTS' EDUCATION. 98% OF UNDERGRADUATE, DAY STUDENTS RECEIVED INSTITUTIONAL AID, WITH AN AVERAGE AID OF $22,820 PER STUDENT. INSTITUTIONAL SCHOLARSHIPS EXCEEDED $120 MILLION. 338666746 1 1 0 1 0 0 0 1 1 1 1 1 0 0 1 1 0 1 1 1 1 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 1 13243 0 1 3353 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 10 9 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AK CO KY MD MA MI NH OH OK OR SC WA NY X DENISE ZERVAS 4015985093 8 ABBOTT PARK PLACE PROVIDENCE RI 02903 MINNIE L RUNEY CHANCELLOR, PRESIDENT & CEO 45.00 0.00 X X 865364 0 61571 MARIBETH N BISIENERE TRUSTEE 1.00 0.00 X 0 0 0 LIONEL E LAROCHELLE II TRUSTEE 1.00 0.00 X 0 0 0 PHILIP S RENAUD TRUSTEE (THRU 11/21/24) 1.00 0.00 X 0 0 0 MERRILL W SHERMAN TRUSTEE (THRU 6/24/25) 1.00 0.00 X 0 0 0 CLAY A SNYDER TRUSTEE 1.00 0.00 X 0 0 0 JOHN E TAYLOR JR TRUSTEE 1.00 0.00 X 0 0 0 D CHIP WADE TRUSTEE (THRU 6/24/25) 1.00 0.00 X 0 0 0 LORENA M GARCIA TRUSTEE 1.00 0.00 X 0 0 0 ROBERT J PALLESCHI TRUSTEE 1.00 0.00 X 0 0 0 SHIVAN S SUBRAMANIAM TRUSTEE 1.00 0.00 X 0 0 0 MTERESA PAIVA WEED TRUSTEE (THRU 7/25/24) 1.00 0.00 X 0 0 0 MARIA DUCHARME TRUSTEE (THRU 6/24/25) 1.00 0.00 X 0 0 0 JOYE D BLOUNT TRUSTEE (AS OF 6/24/25) 1.00 0.00 X 0 0 0 ADI DHANDHANIA TRUSTEE (AS OF 3/27/25) 1.00 0.00 X 0 0 0 JOSEPH J GREENE JR VICE CHANCELLOR 45.00 0.00 X 424569 0 68275 DANIELLE H RAPOSA TREASURER & CFO 45.00 0.00 X 200040 0 57547 EMILY GILCREAST UNIVERSITY SECRETARY 45.00 0.00 X 146944 0 27514 MARIE F BERNARDO-SOUSA PRESIDENT PROVIDENCE CAMPUS 45.00 0.00 X 312993 0 58870 RICHARD G MATHIEU PRESIDENT CHARLOTTE CAMPUS 45.00 0.00 X 286848 0 55754 DIANE H D'AMBRA VP OF HUMAN SERVICES 45.00 0.00 X 281871 0 65185 RICHARD A WISCOTT PROVOST 45.00 0.00 X 365935 0 65870 LUBA SHUR GENERAL COUNSEL, VP 45.00 0.00 X 338327 0 68742 AKHIL GUPTA VP OF ENROLLMENT MANAGEMENT 45.00 0.00 X 217881 0 53203 JASON W WITHAM VP REAL ESTATE & FACILITY PLANNING 45.00 0.00 X 203165 0 53995 DAVID A SOUZA VP INFORMATION TECHNOLOGY 45.00 0.00 X 208278 0 55963 MATTHEW C MONTGOMERY VP MARKETING & COMMUNICATION 45.00 0.00 X 177520 0 13916 MEREDITH TWOMBLY VP UNDERGRAD ENROLLMENT MANAGEMENT 45.00 0.00 X 277325 0 24759 JASON R EVANS DEAN OF CFIT 45.00 0.00 X 213914 0 34680 JENNIFER A GALIPEAU INTERIM DEAN & ASSOCIATE PROFESSOR 45.00 0.00 X 223034 0 53338 MARY J MEIXELL DEAN OF COLLEGE OF BUSINESS 45.00 0.00 X 251612 0 59898 MAURA C IVERSEN DEAN OF COLLEGE OF HEALTH & WELLNESS 45.00 0.00 X 268018 0 20653 MELANIE V TUCKER VP STUDENT AFFAIRS 45.00 0.00 X 232289 0 45566 5495927 0 945299 359 0 1 0 A Z CORPORATION PO BOX 370 N STONINGTON CT 06359 CONSTRUCTION SERVICES 6304563 GUILD EDUCATION INC 370 17TH STREET SUITE 300 DENVER CO 80202 MARKETING & ENROLLMENT GROWTH SERVICES 3852246 PARISEAULT BUILDERS INC 25 SHARPE DR CRANSTON RI 02920 WASHINGTON DC 20037 CONSTRUCTION SERVICES 3808760 GOOGLE INC DEPT 33654 PO BOX 39000 SAN FRANCISCO CA 94139 ADVERTISING SERVICES 3336144 ABM PO BOX 643823 PITTSBURGH PA 15264 CLEANING SERVICES 2972621 128 2566 91860 2479095 1872262 609433 4445783 TUITION 611310 248755623 248755623 RESIDENCE & DINING 611310 50083408 50083408 STUDENT FEES 611310 3323736 3323736 EDUCATIONAL PROGRAMS 611310 1418546 1418546 PERKINS 611310 74452 74452 63617 63617 303719382 4824745 -42533 4867278 2978058 1018029 1960029 1960029 1013972 946057 85678139 11288858 70647611 1404047 15030528 9884811 24915339 58132 24857207 19702 91860 163549 -143847 -143847 STUDENT SERVICES 611310 1060315 158604 901711 CATERING SERVICES 611310 541891 541891 CONTRACTUAL SERVICES 611310 527177 527177 527914 330503 111785 85626 2657297 342378728 304735666 1683247 31514032 44150 44150 118638837 118638837 1716318 1716318 5115992 4819641 296351 272457 272457 116212793 103232611 11809299 1170883 9086654 7979608 1026691 80355 15627171 13824650 1643052 159469 8281937 7177779 1038676 65482 289627 289627 116356 116356 169666 169666 142006 142006 637331 637331 1955875 1955875 6980765 5104335 1751294 125136 11841401 10374027 1398041 69333 2542020 1675432 834978 31610 7662288 5740897 1736722 184669 169993 169993 17027418 15537638 1372391 117389 3635380 3395014 170866 69500 1018429 929850 81554 7025 23052974 22457959 351563 243452 4786481 4659880 124685 1916 FOOD/BEVERAGE/KITCHEN S 6616527 6598120 18407 STUDENT SERVICES EXPENS 4149941 4137131 12810 CLASSROOM AND EDUCATION 2644155 2625663 16472 2020 UBTI TAX EXPENSE 230145 230145 2773712 2232391 512605 28716 373438799 338666746 31481416 3290637 28301 17153 17963358 4636871 1425483 510575 9309700 9539881 11837087 8775065 818332 791692 8937138 7268722 742626951 388931403 366463347 353695548 115628153 119258982 249819772 266331846 2431270 2813164 784661941 773639499 30279180 29999090 14172882 16577350 36857866 32706644 719916 812018 3053729 5622311 3962701 4092238 89046274 89809651 X 648749203 635017911 46866464 48811937 695615667 683829848 784661941 773639499 -31060071 19274252 0 X 0 1 X 1 1 1 X 4481480 46204163 6545523 5346378 4445783 67023327 4481480 46204163 6545523 5346378 4445783 67023327 959635 66063692 989937 3147537 6549196 7280757 6307224 24274651 1963630 2749758 864074 1062244 6639706 664891 813422 828320 766914 1007039 4080586 102018270 1471571335 0.64760 0.66670 X SCHEDULE A, PART II; THE UNIVERSITY MEETS THE PUBLIC SUPPORT TEST UNDER CURRENT GUIDANCE (AS DISCLOSED IN PART II) AND THEREFORE QUALIFIES FOR THE SPECIAL RULE UNDER SECTION 509(A)(1) FOR SCHEDULE B REPORTING. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 142006 0 1 6583 148589 0 PART II-B, LINE 1: PART II-B, 1(G): DIRECT CONTACT: $142,006 PAID TO CONSULTING FIRMS TO MAINTAIN GOVERNMENT RELATIONS. PART II-B, 1(I): PORTION OF THE UNIVERSITY'S MEMBERSHIP DUES PAID TO THE AICU (ASSOCIATION OF INDEPENDENT COLLEGES & UNIVERSITIES OF RHODE ISLAND) AND TO THE NAICU (NATIONAL ASSOCIATION OF INDEPENDENT COLLEGES & UNIVERSITIES), SPENT ON LOBBYING ACTIVITIES WAS $5,218 AND $1,365, RESPECTIVELY. 1510441 X X X 0 0 1 X 355158353 478288 35528223 16575000 374589864 338733755 606332 30488266 14670000 355158353 313201496 15669117 23231142 13368000 338733755 318702439 38525318 -31819261 12207000 313201496 211637983 51398237 68453219 12787000 318702439 0.87860 0.07200 0.04940 0 0 48277976 48277976 576234541 299400671 276833870 6270063 6270063 0 104539367 82864279 21675088 7305004 396390 6908614 353695548 MARKETABLE ALTERNATIVE ASSETS 247175489 F NON-MARKETABLE ALTERNATIVE ASSETS 9577868 F NON-MARKETABLE INFLATION HEDGING 964787 F OTHER SECURITIES 8613702 F 266331846 ANNUITY DEPOSITS 160318 REFUNDABLE U.S. GRANTS 487687 457B DEFERRED COMPENSATION PLAN 3444233 4092238 X PART III, LINE 4: THE CULINARY ARTS MUSEUM IS AN EDUCATIONAL RESOURCE FOR JOHNSON & WALES UNIVERSITY, WHICH SEEKS TO BOTH PRESERVE AND INTERPRET CULINARY AND HOSPITALITY HERITAGE. IT IS A SHOWCASE FOR THE WORK OF STUDENTS, FACULTY, ALUMNI AND DISTINGUISHED VISITING CHEFS. THROUGH EXHIBITIONS AND SPECIAL EVENTS, THE MUSEUM STRIVES TO INTERPRET THE EVOLUTION OF FOOD PREPARATION AND PRESENTATION, THE DEVELOPMENT OF CULINARY EQUIPMENT AND TECHNOLOGY, THE DIVERSE MENUS OFFERED AND THE PLACES WHERE PEOPLE PARTAKE OF FOOD. TO ENHANCE THE UNIVERSITY'S SENSE OF TRADITION AND TO RECOGNIZE THE IMPORTANCE OF PUBLIC ART, THE UNIVERSITY INSTALLED BRONZE WILDCAT SCULPTURES ON ALL OF ITS CAMPUSES, WHICH REPRESENT THE FOUR TENENTS THAT CHARACTERIZE WHAT IT MEANS TO BE A WILDCAT, BOTH ON THE ATHLETIC FIELDS AND IN THE CLASSROOM: PRIDE, COURAGE, CHARACTER AND COMMUNITY. PART IV, LINE 2B: THE UNIVERSITY HOLDS MONEY AS A CUSTODIAN FOR STUDENT CLUBS AND POTENTIAL FUTURE PROGRAMS TO BE REFUNDED IF PROGRAM IS NOT INITIATED. PART V, LINE 4: THE UNIVERSITY USES ITS ENDOWMENT FUND FOR THE GENERAL BENEFIT OF THE UNIVERSITY'S CURRENT AND FUTURE STUDENTS (INCLUDING SCHOLARSHIPS) AND FOR THE FUTHERANCE OF THE EDUCATIONAL MISSION OF THE UNIVERSITY. PART X, LINE 2: JOHNSON & WALES UNIVERSITY IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS AN EDUCATIONAL INSTITUTION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON RELATED INCOME. ANY TAX ON THE SUBSIDIARIES OR UNRELATED BUSINESS ACTIVITES IS NOT SIGNIFICANT TO THE CONSOLIDATED FINANCIAL STATEMENTS. THE UNIVERSITY HAS IDENTIFIED ITS TAX STATUS AS A TAX EXEMPT ENTITY AND ITS DECISION TO INCLUDE OR EXCLUDE ITEMS OF INCOME UNRELATED TO ITS OPERATIONS AS TAX POSITIONS; HOWEVER, THE UNIVERSITY HAS DETERMINED THAT SUCH TAX POSITIONS DO NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. MANAGEMENT BELIEVES THE UNIVERSITY HAS NO UNCERTAIN TAX POSITIONS AT JUNE 30, 2025 OR 2024. WITH FEW EXCEPTIONS, THE UNIVERSITY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR THREE YEARS FROM THE FILING DATE OF ITS RETURNS, INTEREST AND PENALTIES, IF ANY, ARE INCLUDED IN INCOME TAX EXPENSE. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 JOHNSON & WALES UNIVERSITY RECRUITS THROUGHOUT THE U.S. AND DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS FROM A LARGE GEOGRAPHICAL AREA. PER REV. PROC. 75-50, 1975-2 C.B. 587, SECTION 4.03 PARAGRAPH 2(B), SUCH A SCHOOL MAY SATISFY THE PUBLICITY REQUIREMENT BY COMPLYING WITH SECTION 4.02, WHICH REQUIRES THAT A SCHOOL'S NONDISCRIMINATORY POLICY AS TO STUDENTS BE INCLUDED IN ALL ITS BROCHURES AND CATALOGUES DEALING WITH STUDENT ADMISSIONS, PROGRAMS, AND SCHOLARSHIPS. THE UNIVERSITY COMPLIES WITH THIS REQUIREMENT. MOREOVER, THE UNIVERSITY CURRENTLY ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS. SCHEDULE E, PART I, LINE 6 JOHNSON & WALES UNIVERSITY PARTICIPATES IN THE TITLE IV FINANCIAL AID PROGRAMS AND RECEIVES GRANTS FROM THE U.S. DEPARTMENT OF EDUCATION AND THE STATES OF RHODE ISLAND, NORTH CAROLINA AND VERMONT. 1 EAST ASIA AND THE PACIFIC 0 4 PROGRAM SERVICES STUDENT RECRUITING 84250 SOUTH ASIA 0 1 PROGRAM SERVICES STUDENT RECRUITING 61446 CENTRAL AMERICA AND THE CARIBBEAN 0 1 PROGRAM SERVICES STUDENT RECRUITING 3000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 193867 EUROPE 0 0 GRANTMAKING 1482529 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDY ABROAD 25987 EUROPE 0 0 PROGRAM SERVICES STUDY ABROAD 2368028 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDY ABROAD 163134 NORTH AMERICA 0 1 PROGRAM SERVICES STUDENT RECRUITING 18500 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 164839 SOUTH AMERICA 0 0 GRANTMAKING 68950 0 6 0 1 0 7 4382241 252289 4634530 SCHOLARSHIP STUDY ABROAD EUROPE 212 1482529 CREDIT STUDENT ACCOUNT BOOK SCHOLARSHIP STUDY ABROAD SOUTH AMERICA 7 68950 CREDIT STUDENT ACCOUNT BOOK SCHOLARSHIP STUDY ABROAD EAST ASIA AND THE PACIFIC 17 164839 CREDIT STUDENT ACCOUNT BOOK 1 0 1 1 1 0 PART I, LINE 2: THE UNIVERSITY APPLIES SCHOLARSHIPS DIRECTLY TO STUDENTS' ACCOUNT RECEIVABLE BALANCE. X X X X X X X 1 EDUCATION ADVISORY BOARD 1920 E PARHAM ROAD RICHMOND VA 23228 ANNUAL GIVING PROGRAM CONSULTING 0 0 118630 0 MCALLISTER & QUINN LLC 1030 15TH STREET WASHINGTON DC 20005 FEDERAL GRANT CONSULTANT 0 0 120000 0 COMMUNITY COUNSELLING SERVICES LLC 155 FEDERAL STREET BOSTON MA 02110 ALUMNI RELATIONS CONSULTING 0 0 398000 0 RALLY CONSULTING INC PO BOX 40816 PROVIDENCE RI 02940 REDESIGN WEB EVENT REGISTRATION 0 0 701 0 637331 AL AK AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MO MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI NV CLT EPICUREAN 70314 61389 8925 2085 87199 27332 1899 25415 PVD EPICUREAN 27623 23336 4287 1449 6907 4164 1 13625 7135 6490 6080 268 751 111562 91860 19702 2085 94728 34507 1899 30330 163549 -143847 1 MCCAULEY VILLAGE 622 ELMWOOD AVENUE PROVIDENCE RI 02907 050440470 501C3 0 6459 COST FOOD INVENTORY SUPPORT ORGANIZATION - FOOD FOR THE HUNGRY THE CHARLOTTE BLUES SOCIETY 1030 WOODWARD AVENUE CHARLOTTE NC 28206 561821138 501C3 0 17229 FMV EQUIPMENT AND FURNITURE SUPPORT ORGANIZATION PROMOTION AND PRESERVATION OF MUSIC WE CARE 4 4405 CENTRAL AVE STE C CHARLOTTE NC 28205 993559785 501C3 0 8494 COST FOOD INVENTORY SUPPORT ORGANIZATION - FOOD FOR THE HUNGRY 3 SCHOLARSHIPS 5892 118638837 0 BOOK SCHOLARSHIPS PART I, LINE 2: PART II - THE OFFICE OF THE CHANCELLOR MONITORS ALL FUNDS ALLOCATED TO EXTERNAL ORGANIZATIONS. PART III- THE UNIVERSITY PROVIDES ASSISTANCE IN THE FORM OF SCHOLARSHIPS THAT ARE ALL APPLIED TO STUDENTS' ACCOUNTS RECEIVABLE BALANCES. 1 X X X X X 0 1 0 0 0 0 0 0 0 MINNIE L RUNEY CHANCELLOR, PRESIDENT & CEO 855626 0 0 0 9738 0 33673 0 27898 0 926935 0 0 0 JOSEPH J GREENE JR VICE CHANCELLOR 421005 0 0 0 3564 0 33600 0 34675 0 492844 0 0 0 RICHARD A WISCOTT PROVOST 363613 0 0 0 2322 0 30990 0 34880 0 431805 0 0 0 LUBA SHUR GENERAL COUNSEL, VP 337085 0 0 0 1242 0 32713 0 36029 0 407069 0 0 0 MARIE F BERNARDO-SOUSA PRESIDENT PROVIDENCE CAMPUS 310671 0 0 0 2322 0 28594 0 30276 0 371863 0 0 0 DIANE H D'AMBRA VP OF HUMAN SERVICES 278307 0 0 0 3564 0 27493 0 37692 0 347056 0 0 0 RICHARD G MATHIEU PRESIDENT CHARLOTTE CAMPUS 283284 0 0 0 3564 0 26950 0 28804 0 342602 0 0 0 MARY J MEIXELL DEAN OF COLLEGE OF BUSINESS 244774 0 0 0 6838 0 25136 0 34762 0 311510 0 0 0 MEREDITH TWOMBLY VP UNDERGRAD ENROLLMENT MANAGEMENT 276192 0 0 0 1133 0 24070 0 689 0 302084 0 0 0 MAURA C IVERSEN DEAN OF COLLEGE OF HEALTH & WELLNESS 264728 0 0 0 3290 0 8191 0 12462 0 288671 0 0 0 MELANIE V TUCKER VP STUDENT AFFAIRS 231130 0 0 0 1159 0 21642 0 23924 0 277855 0 0 0 JENNIFER A GALIPEAU INTERIM DEAN & ASSOCIATE PROFESSOR 204990 0 0 0 18044 0 22057 0 31281 0 276372 0 0 0 AKHIL GUPTA VP OF ENROLLMENT MANAGEMENT 212166 0 0 0 5715 0 25333 0 27870 0 271084 0 0 0 DAVID A SOUZA VP INFORMATION TECHNOLOGY 207231 0 0 0 1047 0 21337 0 34626 0 264241 0 0 0 DANIELLE H RAPOSA TREASURER & CFO 199642 0 0 0 398 0 20894 0 36653 0 257587 0 0 0 JASON W WITHAM VP REAL ESTATE & FACILITY PLANNING 202148 0 0 0 1017 0 20894 0 33101 0 257160 0 0 0 JASON R EVANS DEAN OF CFIT 213452 0 0 0 462 0 21767 0 12913 0 248594 0 0 0 MATTHEW C MONTGOMERY VP MARKETING & COMMUNICATION 172912 0 0 0 4608 0 5200 0 8716 0 191436 0 0 0 EMILY GILCREAST UNIVERSITY SECRETARY 146653 0 0 0 291 0 14567 0 12947 0 174458 0 0 0 PART I, LINE 4B THE UNIVERSITY HAS A DEFERRED COMPENSATION PLAN THAT IS A NONELIGIBLE DEFERRED COMPENSATION PLAN UNDER SECTION 457(F) OF THE CODE COVERING CHANCELLOR MINNIE RUNEY. THE PLAN COMMENCED ON JANUARY 1, 2021, AND REQUIRES ANNUAL CONTRIBUTIONS AS DEFINED BY THE PLAN. EACH ANNUAL CONTRIBUTION VESTS ON THE THIRD ANNIVERSARY OF THE DATE THE AMOUNT IS CREDITED TO THE DEFERRED COMPENSATION ACCOUNT. THE UNIVERSITY'S CONTRIBUTION TO THE PLAN AS OF JUNE 30, 2025, AMOUNTED TO $130,884. $81,192 WAS VESTED AS OF DECEMBER 31, 2024, AND THE PAYMENT WAS MADE IN 2025 AND IS REPORTED ON 2025 FORM W-2. A NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY 561592154 2023-01-03 24900000 REFUNDED NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY (CONTINUED) 0 0 0 B RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORP 521300173 2015-09-22 30000000 CONSTRUCT ACADEMIC BUILDING ON PROVIDENCE CAMPUS 0 0 0 A 4650000 24900000 24900000 2004 1 0 1 1 B 17406219 30031844 348800 29682497 546 2016 0 0 1 1 A 0 1 1 1 0 0.00730 0.00000 0.00730 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 12/31/2025 ISSUER NAME: RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORP DATE THE REBATE COMPUTATION WAS PERFORMED: 09/21/2025 SCHEDULE K, PART I, BOND ISSUES: (F) DESCRIPTION OF PURPOSE: REFUNDED NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY 2022 TAXABLE BONDS WHICH REFUNDED NCCFFA 2003 BONDS SCHEDULE K, PART III, LINE 4, 5, AND 6 HAVE BEEN CALCULATED FOR CHARLOTTE 2003 AND RHODE ISLAND 2015 ISSUES AS THESE ARE THE POST 2002 ORIGINAL ISSUES. SCHEDULE K, PART III, LINE 7, COLUMNS A AND B: AS PROVIDED IN TREASURY REGULATION SECTION 1.141-4(C)(2)(I)(B), THE AMOUNT OF PRIVATE PAYMENTS TAKEN INTO ACCOUNT UNDER THE PRIVATE PAYMENT TEST MAY NOT EXCEED THE AMOUNT OF PRIVATE BUSINESS USE AND/OR UNRELATED TRADE OR BUSINESS USE. ACCORDINGLY, THE AMOUNT OF PRIVATE PAYMENTS FOR THE REPORTING PERIOD DOES NOT EXCEED THE AMOUNT STATED IN PART III, LINE 6. THE ORGANIZATION HAS NOT UNDERTAKEN AN ANALYSIS OF THE PRIVATE SECURITY TEST WITH RESPECT TO THE BONDS, AS THE LEVEL OF PRIVATE BUSINESS USE AND OR UNRELATED TRADE OR BUSINESS USE REPORTED IN PART III, LINE 6 IS NOT IN EXCESS OF AMOUNTS PERMITTED UNDER SECTION 145 OF THE CODE. SEE SCHEDULE O SEE SCHEDULE O 0 X 1 25942 FAIR MARKET VALUE X 23 265131 SALE COMPARABLE ITEMS X CULINARY 6 296838 SALE COMPARABLE ITEM X CLASSROOM SUPPLIES 1 21522 SALE COMPARABLE ITEM 0 1 0 SCHEDULE M, PART I, COLUMN (B): LINES 9, 19, 25 AND 26 REPRESENTS THE NUMBER OF SEPERATE GIFTS ON A SPECIFIC DATES. ONE DONOR MAY HAVE MADE MULTIPLE GIFTS DURING THE YEAR AND EACH GIFT MAY CONTAIN MULTIPLE ITEMS. FORM 990, PART VI, SECTION A, LINE 2 SHIVAN S. SUBRAMANIAM, TRUSTEE, AND MARIA DUCHARME, TRUSTEE, HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, A COMPLETE COPY OF THE 990 IS PROVIDED TO THE BOARD OF TRUSTEES. IN ADDITION, MEMBERS OF THE AUDIT & RISK MANAGEMENT COMMITTEE MEET WITH ACCOUNTING MANAGEMENT TO ADDRESS ANY QUESTIONS. ALL QUESTIONS MUST BE ADDRESSED TO THE SATISFACTION OF THE COMMITTEE MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE, OFFICER AND SENIOR EXECUTIVE SHALL DISCLOSE TO THE BOARD AT LEAST ONCE EACH YEAR ALL THE MATERIAL FACTS CONCERNING HIS OR HER RELATIONSHIP WITH, OR INTEREST IN, ANY PERSON, FIRM, CORPORATION OR OTHER ENTITY WITH WHOM THE UNIVERSITY HAS, OR PROPOSES TO ENTER INTO, ANY CONTRACT OR OTHER TRANACTION WHICH MAY, DIRECTLY, OR INDIRECTLY, RESULT IN FINANCIAL GAIN OR OTHER ADVANTAGE TO SUCH TRUSTEE, OFFICER OR SENIOR EXECUTIVE BY REASON OF SUCH RELATIONSHIP OR INTEREST. ADDITIONALLY, WHERE APPLICABLE, ALL TRUSTEES, OFFICERS AND SENIOR EXECUTIVES ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST NOT LATER THAN WHEN THE POTENTIAL CONFLICT BECOMES A MATTER OF BOARD ACTION. THE CORPORATE SECRETARY SHALL COLLECT THE INFORMATION INCLUDED IN THE AFOREMENTIONED DISCLOSURE STATEMENTS AND REPORT ON THE SAME TO THE AUDIT AND RISK MANAGEMENT COMMITTEE. THE INFORMATION IS REVIEWED BY ACCOUNTING PERSONNEL FOR BUSINESS AND PERSONAL RELATIONSHIPS THAT MAY RESULT IN A CONFLICT OF INTEREST SITUATION. AS PART OF THE ANNUAL INDEPENDENT AUDIT, ALL TRANSACTIONS WITH SUCH BUSINESSES AND / OR INDIVIDUALS MUST BE SUMMARIZED FOR PURPOSES OF THE REQUIRED FINANCIAL STATEMENT DISCLOSURE OF RELATED PARTY TRANSACTIONS. THIS PROVIDES AN ADDED OPPORTUNITY FOR MANAGEMENT TO REVIEW SUCH TRANSACTIONS AND RELATIONSHIPS FOR PROPRIETY. TRUSTEES, OFFICERS AND SENIOR EXECUTIVES MAY VOTE ON AND / OR PARTICIPATE IN APPROVING TRANSACTIONS WITH SUCH BUSINESSES AND / OR INDIVIDUALS IN CERTAIN PRESCRIBED CIRCUMSTANCES IN WHICH THE RELATIONSHIP IS CLEARLY DISCLOSED AND THE TRANSACTION IS APPROVED BY A MAJORITY OF THE DISINTERESTED TRUSTEES, OFFICERS AND / OR SENIOR EXECUTIVES THAT ARE CHARGED WITH MAKING THE DECISION REGARDING THE TRANSACTION IN QUESTION. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING THE COMPENSATION OF THE UNIVERSITY'S TOP MANAGEMENT OFFICIAL (THE UNIVERSITY CHANCELLOR) INCLUDED ALL OF THE ELEMENTS OF THE REBUTTABLE PRESUMPTION OF REASONABLENESS. THE INDEPENDENT COMPENSATION COMMITTEE OF THE UNIVERSITY'S BOARD OF TRUSTEES INDEPENDENTLY ENGAGED A FIRM OF COMPENSATION SPECIALISTS TO PERFORM A STUDY TO EVALUATE THE COMPENSATION LEVELS OF PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED INSTITUTIONS. THIS INFORMATION WAS USED BY THE COMMITTEE TO EVALUATE THE COMPENSATION OF THE CHANCELLOR. THE RESULTING COMPENSATION AMOUNT WAS APPROVED BY THE COMMITTEE AND DOCUMENTED IN THE COMPENSATION COMMITTEE'S MEETING MINUTES. SIMILAR COMPENSATION STUDIES HAVE BEEN PERFORMED FOR OTHER "DISQUALIFIED PERSONSAND THE COMPENSATION COMMITTEE OF THE BOARD APPROVED THE COMPENSATION OF THOSE "DISQUALIFIED PERSONS". ADDITIONALLY, DURING THE INTERVENING YEARS BETWEEN THE FORMAL STUDIES, THE COMPENSATION FOR ALL OF THESE DISQUALIFIED PERSONS ARE REVIEWED AND APPROVED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE GOVERNING BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY'S FINANCIAL STATEMENTS ARE AVAILABLE TO THE GENERAL PUBLIC VIA THE UNIVERSITY'S AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITES. THE UNIVERSITY'S FORM 990 WITHOUT SCHEDULE B IS AVAILABLE TO THE GENERAL PUBLIC VIA GUIDESTAR'S AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITES. THE UNIVERSITY'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE GENERAL PUBLIC. SCHEDULE L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: JAMES C. GREENE (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: FAMILY MEMBER OF OFFICER. JAMES GREENE WAS AN EMPLOYEE OF THE UNIVERSITY PRIOR TO OFFICER'S EMPLOYMENT. (C) AMOUNT OF TRANSACTION: $73,574 (D) DESCRIPTION OF TRANSACTION: COMPENSATION (E) AMOUNT OF TRANSACTION: $7,631 (F) DESCRIPTION OF TRANSACTION: BENEFITS (G) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: IRMA JULIE GREENE (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: FAMILY MEMBER OF OFFICER. JULIE GREENE WAS AN EMPLOYEE OF THE UNIVERSITY PRIOR TO OFFICER'S EMPLOYMENT. (C) AMOUNT OF TRANSACTION: $87,266 (D) DESCRIPTION OF TRANSACTION: COMPENSATION (E) AMOUNT OF TRANSACTION: $41,254 (F) DESCRIPTION OF TRANSACTION: BENEFITS (G) AMOUNT OF TRANSACTION: $42,000 (H) DESCRIPTION OF TRANSACTION: TUITION EXCHANGE AND WAIVER (I) SHARING OF ORGANIZATION REVENUES? = NO (A) NAME OF PERSON: JACKSON T. SOUZA (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: FAMILY MEMBER OF KEY EMPLOYEE. (C) AMOUNT OF TRANSACTION: $20,488 (D) DESCRIPTION OF TRANSACTION: COMPENSATION (E) AMOUNT OF TRANSACTION: $57 (F) DESCRIPTION OF TRANSACTION: BENEFITS (G) SHARING OF ORGANIZATION REVENUES? = NO WILDCAT REALTY HOLDINGS LLC 8 ABBOTT PARK PLACE PROVIDENCE RI 02903 454834756 REAL ESTATE HOLDINGS RI 0 1247223 JOHNSON & WALES UNIVERSITY CHARITABLE REMAINDER ANNUITY TRUST(1) CHARITABLE TRUST RI JOHNSON & WALES UNIVERSITY T 1 CHARITABLE REMAINDER UNITRUST(1) CHARITABLE TRUST RI JOHNSON & WALES UNIVERSITY T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0