2026-05-01T09:07:36-07:00 2025-06-30 990 2024-07-01 050277222 ROGER WILLIAMS UNIVERSITY ROGE 4012531040 One Old Ferry Road Bristol RI 02809 Gloria Arcia EVP Finance and Administration/CFO 4012543536 2026-05-01 1 2024 2025-03-06 01:10:19Z Ioannis Miaoulis One Old Ferry Road Bristol RI 02809 252548901 0 X www.rwu.edu X 1959 RI At Roger Williams University, students are prepared to be thinkers and doers ready to solve challenging problems with innovative solutions. RWU offers robust offerings of undergraduate, graduate and professional programs across eight schools of study including Rhode Island's only law school, with campuses on the coast of Bristol and in the heart of Providence, R.I. With small classrooms and a focus on undergraduate and graduate research and community engagement, a Roger Williams education blends the strength of liberal arts and professional studies, providing all students with the depth and breadth of interdisciplinary thinking and well-rounded knowledge necessary to succeed in our interconnected, global world. RWU is committed to strengthening society through engaged scholarship so that students graduate with the ability to think critically and apply the practical skills that today's employers demand. 31 29 3223 719 60677 0 16433723 17197079 216572014 220513547 6875293 4587027 3747095 3990134 243628125 246287787 78616299 85039930 0 0 98935526 101187665 0 0 3554044 60136740 58792338 237688565 245019933 5939560 1267854 290491270 291320427 125238437 120875944 165252833 170444483 X See Schedule O. 0 0 226268359 85039930 223568794 Higher Education: Roger Williams University (the "University"), located in Bristol and Providence, Rhode Island, is a private, coeducational university with programs in the liberal arts and the professions that includes the Feinstein Schools of Humanities, Arts and Education and Social and Natural Sciences, the Cummings School of Architecture, the Mario J. Gabelli School of Business, the School of Engineering, Computing and Construction Management, the School of Justice Studies and University College. The University offers more than 50 majors and 70 minors of undergraduate study and 13 graduate degrees, along with numerous minors and certificate programs. The University is accredited by the New England Commission of Higher Education, Inc, among other accrediting bodies. 0 0 0 226268359 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 370 0 3223 1 1 1 1 UK 0 0 0 1 1 0 0 0 0 1 0 X 31 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Gloria Arcia 4012543843 One Old Ferry Road Bristol RI 02809 Ioannis N Miaoulis President 35 5 X X 1038783 0 394773 Margaret C Everett Provost 40 0 X 346455 0 55015 Brian Williams Chief of Staff 40 0 X 316573 0 51796 Robert J Griffin Dean of School of Engineering 40 0 X 286884 0 51462 Amy Sullivan Berkeley Vice President of Institutional Advancement 40 0 X 279970 0 56467 Diya Das Dean of the Mario J Gabelli School of Business 40 0 X 289943 0 20498 Rachel Nuzzo General Counsel VP Legal Affairs 40 0 X 255546 0 31646 Aaron Buzay AVP Institutional Advancement 40 0 X 261453 0 24479 John J King VP for Student Affairs 40 0 X 215727 0 47972 Gloria M Arcia EVP for Finance Administration 35 5 X 136836 0 22686 Linn Foster Freedman Adjunct Secretary 5.00 5.00 X X 0 5000 0 Tony Masone Treasurer 1 0 X X 0 0 0 Heather Boujoulian Chairman 5.00 0 X X 0 0 0 James Andrade Trustee 1 0 X 0 0 0 Nicole Benjamin Trustee 1 0 X 0 0 0 Richard L Bready Trustee Emeritus 1 0 X 0 0 0 Rodney A Butler until October 2024 Trustee 1 0 X 0 0 0 Doris De Los Santos Trustee 1 0 X 0 0 0 Julie Englund Trustee 1 0 X 0 0 0 Mario J Gabelli Trustee 1 0 X 0 0 0 Christopher J Gagliardi Trustee 1 0 X 0 0 0 William Geraghty Trustee 1 0 X 0 0 0 Peter A Heard Trustee 1 0 X 0 0 0 Les Hiscoe Trustee 1 0 X 0 0 0 Frank Hood Trustee 1 0 X 0 0 0 Michael Integlia Trustee 1 0 X 0 0 0 Keith Johnson until November 2024 Trustee 1 0 X 0 0 0 Murray Karp until October 2024 Trustee 1 0 X 0 0 0 Laurie Landeau Trustee 1 0 X 0 0 0 William F McKeon Trustee 1 0 X 0 0 0 Marcia Morris Trustee Emeritus 1 0 X 0 0 0 John J Park Trustee 1 0 X 0 0 0 Scott Pray Trustee 1 0 X 0 0 0 Frank Rainieri Jr Trustee Emeritus 1 0 X 0 0 0 Lisa Raiola Trustee 1 0 X 0 0 0 Todd Rechler Trustee 1 0 X 0 0 0 Jacqueline S Rolleri Trustee 1 0 X 0 0 0 Erik Smith Trustee 1 0 X 0 0 0 Vernon H Stafford Jr Trustee 1 0 X 0 0 0 Brian P Stern Trustee 1 0 X 0 0 0 Katherine Sulentic Trustee 1 0 X 0 0 0 Arlene Violet Trustee Emeritus 1 0 X 0 0 0 Jerrold L Lavine Trustee Emeritus 1 0 X 0 0 0 Stephen Zubiago Esq Trustee 1 0 X 0 0 0 Timothy Yeaton until October 2024 Chairman 1 0 X X 0 0 0 3428170 5000 756794 197 0 1 0 Mathanywhere LLC Suite 8 195 Hanover Street Hanover MA 02339 Software and Educational Tools 241349 Ellucian Company Suite 500 2003 Edmund Alley Drive Reston VA 20191 Sofware Maintenance and Subcription 606683 Carousel Industries 659 South County Trail Exeter RI 02822 Computer equipment and services 284939 MBC Carpentry LLC 150 ANTHONY ROAD Portsmouth RI 02871 Contractor Carpentry 344332 DGI Communications LLC 101 Billerica Ave N Billerica MA 01862 Communications 281109 13 0 0 122176 0 8733531 8341372 757966 17197079 Tuition 611310 170127633 170127633 0 0 Room and Board 611310 45791306 45791306 0 0 Fees 611310 2661539 2661539 0 0 Other Auxiliary Income 611310 922243 922243 0 0 1010826 1010826 0 0 220513547 820640 0 60677 759963 38667 0 0 38667 0 0 0 0 663570 0 221607 0 441963 0 441963 0 0 441963 9688634 4224 5965138 0 3723496 4224 3727720 0 0 3727720 23574 122176 74369 -50795 0 -50795 0 0 0 0 0 0 0 0 0 0 0 0 Justice Training Institute 900099 469879 469879 0 0 Bookstore 900099 155319 0 0 155319 Conferences 900099 2419619 2031219 0 388400 554149 554149 0 0 3598966 246287787 223568794 60677 5461237 0 0 83575289 83575289 1464641 1464641 0 0 1371085 285285 874606 211194 0 0 0 0 74159639 66213897 5892760 2052982 4435612 3518500 790372 126740 15691286 13800386 1464400 426500 5530043 4758672 633675 137696 412065 236920 175145 0 64933 4078 60855 0 157901 0 157901 0 0 0 0 0 0 0 340256 0 340256 0 10262085 9751288 407114 103683 1635866 1590741 45125 0 2165605 1662618 391420 111567 3029265 1908861 986108 134296 4963 4963 0 0 9826444 9648420 178024 0 1946083 1829457 43234 73392 0 0 0 0 850768 790650 52651 7467 2324952 2027790 297162 0 0 0 0 0 11947502 11947502 0 0 3532813 2528445 1004368 0 Student Travel and Study Abroad 2500447 2500447 0 0 Library Materials 1243502 1243502 0 0 Subgrantees 1837144 1837144 0 0 Dues & Subscriptions 705332 451888 185283 68161 4004412 2686975 1217071 100366 245019933 226268359 15197530 3554044 797512 2488762 15983527 15968853 4910244 6625392 0 0 0 0 203855 136102 133205 172755 1231654 1622250 436600419 253579165 186095085 183021254 29146734 22653947 41587186 51533687 0 0 0 0 10402268 7097425 290491270 291320427 10074340 10889594 14562570 19419853 67641268 59726524 0 0 0 0 757602 430644 0 0 32202657 30409329 125238437 120875944 X 129235891 129612627 36016942 40831856 165252833 170444483 290491270 291320427 X 1267854 4546442 0 0 0 -622646 X 0 1 X 1 1 1 X 16817317 26788231 15346625 16433723 17214406 92600302 0 0 0 0 0 0 0 0 0 0 0 0 16817317 26788231 15346625 16433723 17214406 92600302 2152936 90447366 382642 536461 1561522 1999194 1522877 6002696 0 0 0 0 0 0 286433 265293 583397 888506 549966 2573595 101176593 1078546645 0.89396 0.90359 X Schedule A, Part II, Line 10 Other income includes gross income from fundraising activities, conference income and bookstore commissions. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 Schedule C, Part II-B, Line 1 The university does not directly engage in lobbying activity. However, a portion of the dues paid to professional organizations may be used for lobbying on behalf of member institutions. 77367776 2872181 8831576 343820 4963492 306334 83457887 73546268 1195829 6732832 328009 3458745 320399 77367776 71879296 875803 4023860 348365 2508768 375558 73546268 77639526 485247 -3013337 293202 2576711 362227 71879296 62509314 639621 17862315 259397 2716006 396321 77639526 0.7205 0.1714 0.1081 0 0 0 6780121 6780121 0 329168721 171240312 157928409 0 230353 188999 41354 0 67164236 54222912 12941324 0 33256988 27926942 5330046 183021254 Hedged Equity - Developed and Emerging 20167151 F Domestic and International Equities 11397657 F Fixed Income Securities 2498316 F Private Equity 17470563 F 51533687 Line of Credit 12000000 Operating Lease Liability 5942121 Asset Retirement Obligation 4811977 Student Agency Funds 1055485 Refundable Advances 267518 Other Miscellaneous Long Term Liabilities 338965 Due to Related Party 5993263 30409329 X 165123149 4546442 0 0 -85662576 -81116134 246239283 340256 -291752 48504 246287787 159931499 0 0 0 291752 291752 159639747 340256 85039930 85380186 245019933 Schedule D, Part V, Line 4 The intended use of the restricted endowment funds is 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 University's Board of Trustees. Schedule D, Part X, Line 2 The University accounts for the effect of any uncertain tax positions based on a "more likely than not" threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a "cumulative probability assessment" that aggregates the estimated tax liability for all uncertain tax positions. The University has identified its tax status as a tax-exempt entity as its only significant tax position; however, the University has determined that such tax position does not result in an uncertainty requiring recognition. The University is not currently under examination by any taxing jurisdictions. The University's federal tax return is generally open for examination for three years following the date filed. Schedule D, Part XI, Line 2d Scholarships and grants provided to students of ($85,039,930) are presented as a contra-revenue item in the audited financial statements and as an expense in the Form 990. Change in fair value of interest rate swaps of $614,236 and change in value of split-interest agreements of $8,409 are presented as non-operating income items in the audited financial statements and as other adjustments to reconcile the change in net assets in the Form 990. Schedule D, Part XI, Line 4b Fundraising event expenses of ($74,369), rental expenses of ($221,607) and gain on disposal of property and equipment of $4,224 are shown as expense items in the audited financial statements and as contra-revenue items on Form 990. Schedule D, Part XII, Line 2d Fundraising event expenses of $74,369, rental expenses of $221,607 and gain on disposal of property and equipment of ($4,224) are shown as expense items in the audited financial statements and as contra-revenue items on Form 990. Schedule D, Part XII, Line 4b Scholarships and grants provided to students of $85,039,930 are presented as a contra-revenue item in the audited financial statements and as an expense in Form 990. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 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. Also the University's non-discrimination policy is available on its website at http://rwu.edu/site-policies/non-discrimination-policy Schedule E, Part I, Line 6 The University receives federal and state student financial aid authorized by student loan programs. 1 East Asia and the Pacific 0 0 Grantmaking 41950 Europe (including Iceland and Greenland) 0 0 Grantmaking 1305816 North America (including Canada and Mexico, but not the United States) 0 0 Grantmaking 116875 Central America and the Caribbean 0 0 Program Services Business Travel/Study Abroad 58971 East Asia and the Pacific 0 0 Program Services Business Travel/Study Abroad 78251 Europe (including Iceland and Greenland) 0 0 Program Services Business Travel/Study Abroad 163397 Middle East and North Africa 0 0 Program Services Business Travel/Study Abroad 15510 South America 0 0 Program Services Business Travel/Study Abroad 5188 South Asia 0 0 Program Services Business Travel/Study Abroad 16002 Central America and the Caribbean 0 0 Investments 3679166 0 0 5481126 Scholarship Europe (including Iceland and Greenland) 101 0 1305816 Tuition Offset FMV Scholarship East Asia and the Pacific 3 0 41950 Tuition Offset FMV Scholarship North America (including Canada and Mexico, but not the United States) 9 0 116875 Tuition Offset FMV 1 0 1 1 1 0 Schedule F, Part I, Line 2 The University monitors all grants outside the United States by directly applying the grant to the student's account to cover a portion of the student's tuition in accordance with standard financial aid policies and procedures. Schedule F, Part I, Line 3 Study abroad is an opportunity for students to continue their Roger Williams University education while living in another country. Study abroad is not merely a travel experience, but an academic experience (first and foremost) in an international setting. The study abroad programs are separately tracked in the University's general ledger system by activity and the amounts reported represent direct spending in foreign countries for tuition payments, lodging, travel 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 CMPAB Alumni & Senior Dinner 36695 31698 4997 0 0 0 13497 0 2645 Real Estate Symposium 41250 37000 4250 0 0 4363 19597 0 6492 3 61558 50258 11300 0 0 0 10414 0 4351 139503 118956 20547 0 0 4363 43508 0 13488 61359 -40812 1 Scholarships to students 3846 0 83575289 Reduction to student account balance for tuition owed to the University Schedule I, Part I, Line 2 The University's Office of Financial Aid monitors all recipients of scholarship awards to determine both initial and confirming eligibility based on the criteria for each type of award, which may include academic performance, financial need, and criteria established by donors of endowed scholarship funds, etc. X X X 1 1 X X X X X X 0 1 0 0 0 0 0 1 0 Ioannis N Miaoulis President 703979 0 322542 0 12262 0 228976 0 165797 0 1433556 0 0 0 Gloria M Arcia EVP for Finance Administration 136486 0 0 0 350 0 10492 0 12194 0 159522 0 0 0 Amy Sullivan Berkeley Vice President of Institutional Advancement 274130 0 5000 0 840 0 23046 0 33421 0 336437 0 0 0 Robert J Griffin Dean of School of Engineering 286884 0 0 0 0 0 23507 0 27955 0 338346 0 0 0 Aaron Buzay AVP Institutional Advancement 260613 0 0 0 840 0 20741 0 3738 0 285932 0 0 0 Diya Das Dean of the Mario J Gabelli School of Business 284943 0 5000 0 0 0 16486 0 4012 0 310441 0 0 0 Rachel Nuzzo General Counsel VP Legal Affairs 254706 0 0 0 840 0 20577 0 11069 0 287192 0 0 0 Margaret C Everett Provost 345615 0 0 0 840 0 27600 0 27415 0 401470 0 0 John J King VP for Student Affairs 214887 0 0 0 840 0 17810 0 30162 0 263699 0 0 0 Brian Williams Chief of Staff 315733 0 0 0 840 0 23040 0 28756 0 368369 0 0 0 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 residence is included as a nontaxable benefit on Schedule J. Health or social club dues - The University paid social club membership dues for the President. Since the use of the membership was for business purposes it was not treated as taxable compensation. Personal Services - The University regularly cleans the President's residence and the value of the maintenance of the personal space is taxed accordingly. Schedule J, Part I, Line 4 The President of Roger Williams University participates in a university 457(f) plan and $201,376 was accrued under the plan during calendar year 2024 and contributed to the plan monthly. Schedule J, Part I, Line 7 For University non-aligned employees, merit-based compensation may be granted as either a base salary increase or a one-time bonus. Qualifications for receiving a bonus include performance exceeding expectations or taking on additional duties due to staff vacancies or temporary absences. For the compensation of the University's President, the bonus amount (if any) is determined by an employment agreement along with a review and approval of the Executive Committee of the Board of Trustees, who are all independent of the President. In the case of all other officers and other key employees, the bonus amount (if any) is determined via the same process as other compensation for officers and other key employees, including review by the University's President, who is independent of the other officers or key employees. A RIHEBC 2008B 521300173 762197CM1 2008-08-28 38000000 Construction 0 0 0 B RIHEBC 2011A 521300173 2011-06-02 26410000 Refund 1998 Bonds 0 0 0 C RIHEBC 2011B 521300173 2011-11-08 12025000 Refund 2000 Bonds 0 0 0 D RIHEBC 2014 521300173 2014-10-24 15667000 Refund 2006 Bond 0 0 0 A 0 0 38000000 0 0 0 488608 0 0 37511392 0 0 2010 0 0 1 1 B 0 0 26410000 0 0 25879219 237781 0 0 0 293000 0 2012 1 0 1 1 C 0 0 12025000 0 0 11788293 236707 0 0 0 0 0 2012 1 0 1 1 D 0 0 15667000 0 0 15176487 170438 0 0 0 320075 0 2014 0 1 1 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 0 0 1 D 0 0 0 0 0 0 0 0 0 1 A 0 0 0 1 1 1 US Bank 30.0 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 C 0 0 1 0 0 0 0 0 1 D 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 D 1 Schedule K, Part IV, Line 2c-08/28/2008 38,000,000 RIHEBC 2008B Date of last rebate computation was 08/31/2024 Schedule K, Part IV, Line 2c-10/24/2014 15,667,000 RIHEBC 2014 Schedule K, Part IV, Line 2c-10/24/2014 15,667,000 RIHEBC 2014 - Date of last rebate computation was 8/31/2024 A RIHEBC 2016A 521300173 2016-10-14 5654485 Construction 0 0 0 B RIHEBC 2019 521300173 2019-11-27 14518500 Refund 2013A Bond 0 0 0 C RIHEBC 2022 521300173 2022-03-15 8700000 Refund 2018 Bond 0 0 0 A 0 0 5654485 0 0 0 113232 0 0 5541253 0 0 2018 0 0 1 1 B 0 0 14518500 0 0 14372504 145996 0 0 0 0 0 2019 1 0 1 1 C 0 0 8700000 0 0 8573557 126443 0 0 0 0 0 2022 1 0 1 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 1 0 0 0 0.0121 0.0121 0 0 1 C 0 0 0 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 1 0 0 0 0 1 C 0 1 0 1 0 0 0 0 1 A 1 B 1 C 1 Schedule K, Part IV, Line 2c-10/14/2016 5,654,485 RIHEBC 2016A Date of final rebate computation was 10/18/2021. Schedule K, Part IV, Line 2c-11/27/2019 14,518,500 RIHEBC 2019 Date of last rebate computation was 11/15/24. Schedule K, Part IV, Line 2c-03/15/2022 8,700,000 RIHEBC 2022 Date of last rebate computation was 11/30/2024 X 14 757966 FMV 0 0 1 0 Schedule M, Part I, Line 33 The number in column (b) is the number of contributions. Form 990, Part III, Line 1 To strengthen society through engaged teaching and learning. We inspire and educate students to lead fulfilled lives by ensuring they acquire and develop the knowledge, skills, and habits of mind necessary to become reflective, responsible individuals who interact with society in mutually rewarding ways. Form 990, Part VI, Section B, Line 11b IRS Form 990 is prepared by the Controller, AVP for Accounting and Treasury Management and the Executive VP for Finance and Administration, along with assistance from the University Office of General Counsel. The completed Form 990 and schedules, along with relevant back up, are provided to an independent accounting firm for review. Upon completion, the form is provided to the Audit Committee of the Board of Trustees for review, discussion, and approval. The completed and approved Form 990 is then sent to all members of the Board of Trustees prior to filing with the IRS. 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. The University's Conflict of Interest Policy and by-laws both contain provisions that provide individuals with actual and potential conflicts to refrain from participating in discussion of, and voting on, matters where such conflicts exist. Form 990, Part VI, Section B, Line 15 The compensation for the University's President is contractually set and is reviewed by the Executive Committee and the Board of Trustees, all members of which are independent of the President. The Executive Committee's review currently includes, but is not limited to, the use of comparability data and other outside consultants. The process for determining compensation for the University's other officers or key employees includes a review by the University's President, who is independent of the other officers or key employees. The President's review currently includes, but is not limited to, the use of comparability data and other outside consultants. In addition, the compensation of officers and key employees falls within the parameters of the University's non-aligned merit compensation program that is approved by the Board of Trustees on an annual basis. Form 990, Part VI, Section C, Line 19 Governing documents are available in part through the Rhode Island Secretary of State's office. The University's by-laws and Conflict of Interest Policy governing employees and the corresponding disclosure form are available on the University's website. Audited financial statements are not publicly available. Form 990, Part XI, Line 9 Change in fair value of interest rate swaps ($614,237), change in value of split-interest agreements ($8,409). Roger Williams University School of Law 10 Metacom Road Bristol RI 02809 050465628 Law Grad School RI 501(c)(3) 2 N/A 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 1 1