Totals
- Total revenue
- $313,303,648
- Total expenses
- $355,758,771
- Contributions and grants received
- $5,346,378
- Grants paid
- $110,104,168
- Program service revenue
- $292,684,476
- Investment income
- $11,681,186
- Other revenue
- $3,591,608
- Total assets, end of year
- $784,661,941
- Total liabilities, end of year
- $89,046,274
- Net assets or fund balances, end of year
- $695,615,667
- Program services expenses (Part IX)
- $312,368,216
- Management and general expenses
- $40,782,748
- Fundraising expenses
- $2,607,807
- Program service expenses (Part III)
- $312,368,216
Program services were 87.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$5,082
-
1c · Fundraising events
$108,736
-
1e · Government grants (contributions)
$2,949,255
-
1f · All other contributions, gifts and grants
$2,283,305
-
1g · Noncash contributions included above
$566,535
-
2a · Program service revenue: TUITION
total $234,884,075 · related or exempt $234,884,075
-
2b · Program service revenue: RESIDENCE & DINING
total $46,005,527 · related or exempt $46,005,527
-
2c · Program service revenue: DOUBLETREE HOTEL
total $7,033,573 · unrelated business $7,033,573
-
2d · Program service revenue: STUDENT FEES
total $3,282,025 · related or exempt $3,282,025
-
2e · Program service revenue: EDUCATIONAL PROGRAMS
total $1,228,786 · related or exempt $1,228,786
-
2f · All other program service revenue
total $250,490 · related or exempt $250,490
-
3 · Investment income
total $5,706,728 · unrelated business $73,624 · excluded $5,633,104
-
6a · Gross rents
real property $3,086,011
-
6b · Less rental expenses
real property $856,714
-
6c · Rental income or loss
real property $2,229,297
-
6d · Net rental income or loss
total $2,229,297 · unrelated business $994,657 · excluded $1,234,640
-
7a · Gross sales of assets other than inventory
securities $27,594,727 · other assets $34,239
-
7b · Less cost or other basis and sales expenses
securities $21,654,508 · other assets $0
-
7c · Gain or loss
securities $5,940,219 · other assets $34,239
-
7d · Net gain or loss
total $5,974,458 · excluded $5,974,458
-
8a · Fundraising events: gross income
$60,359
-
8a · Fundraising events: contributions included on line 1c
$108,736
-
8b · Fundraising events: direct expenses
$72,437
-
8c · Net income from fundraising events
total -$12,078 · excluded -$12,078
-
11a · Other revenue: STUDENT SERVICES
total $731,530 · related or exempt $78,806 · excluded $652,724
-
11b · Other revenue: CONTRACTUAL SERVICES
total $285,871 · related or exempt $285,871
-
11c · Other revenue: ADMISSIONS & ALUMNI EVENTS
total $132,449 · related or exempt $132,449
-
11d · All other revenue
total $224,539 · related or exempt $170,708 · excluded $53,831
-
11e · Other revenue, total
$1,374,389
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $39,100 · program services $39,100
-
2 · Grants to domestic individuals
total $108,886,480 · program services $108,886,480
-
3 · Grants to foreign organizations and individuals
total $1,178,588 · program services $1,178,588
-
5 · Compensation of officers, directors and key employees
total $4,866,573 · management and general $4,533,921 · fundraising $332,652
-
6 · Compensation of disqualified persons
total $235,444 · program services $235,444
-
7 · Other salaries and wages
total $111,405,889 · program services $94,464,116 · management and general $16,158,723 · fundraising $783,050
-
8 · Pension plan contributions
total $9,365,810 · program services $7,773,687 · management and general $1,516,182 · fundraising $75,941
-
9 · Other employee benefits
total $13,853,272 · program services $11,888,367 · management and general $1,841,268 · fundraising $123,637
-
10 · Payroll taxes
total $7,889,286 · program services $6,542,280 · management and general $1,277,946 · fundraising $69,060
-
11a · Fees: management
total $517,422 · management and general $517,422
-
11b · Fees: legal
total $132,907 · management and general $132,907
-
11c · Fees: accounting
total $194,054 · management and general $194,054
-
11d · Fees: lobbying
total $115,006 · program services $115,006
-
11e · Fees: professional fundraising services
total $511,545 · fundraising $511,545
-
11f · Fees: investment management
total $1,904,730 · management and general $1,904,730
-
11g · Fees: other
total $7,101,209 · program services $5,188,622 · management and general $1,817,775 · fundraising $94,812
-
12 · Advertising and promotion
total $11,993,421 · program services $9,918,020 · management and general $2,042,383 · fundraising $33,018
-
13 · Office expenses
total $3,169,592 · program services $1,734,415 · management and general $1,407,341 · fundraising $27,836
-
14 · Information technology
total $6,981,048 · program services $5,372,711 · management and general $1,427,856 · fundraising $180,481
-
15 · Royalties
total $348,631 · program services $171,849 · management and general $176,782
-
16 · Occupancy
total $17,511,171 · program services $15,146,350 · management and general $2,336,445 · fundraising $28,376
-
17 · Travel
total $3,935,549 · program services $3,383,891 · management and general $495,137 · fundraising $56,521
-
20 · Interest
total $1,109,976 · program services $1,007,192 · management and general $100,897 · fundraising $1,887
-
22 · Depreciation, depletion and amortization
total $22,368,413 · program services $20,708,234 · management and general $1,401,174 · fundraising $259,005
-
23 · Insurance
total $4,424,012 · program services $4,148,506 · management and general $275,506
-
24a · Other expenses: FOOD/BEVERAGE/KITCHEN S
total $6,735,001 · program services $6,286,853 · management and general $447,549 · fundraising $599
-
24b · Other expenses: STUDENT SERVICES EXPENS
total $3,237,967 · program services $3,233,783 · management and general $4,184
-
24c · Other expenses: CLASSROOM AND EDUCATION
total $2,882,330 · program services $2,854,233 · management and general $25,765 · fundraising $2,332
-
24d · Other expenses: PROPERTY TAX, PILOT & S
total $978,590 · program services $821,144 · management and general $157,446
-
24e · All other expenses
total $1,885,755 · program services $1,269,345 · management and general $589,355 · fundraising $27,055
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $26,983 · end of year $28,301
-
2 · Savings and temporary cash investments
beginning of year $49,914,662 · end of year $17,963,358
-
3 · Pledges and grants receivable
beginning of year $2,421,455 · end of year $1,425,483
-
4 · Accounts receivable
beginning of year $9,394,920 · end of year $9,309,700
-
7 · Other notes and loans receivable
beginning of year $10,635,300 · end of year $11,837,087
-
8 · Inventories for sale or use
beginning of year $927,724 · end of year $818,332
-
9 · Prepaid expenses and deferred charges
beginning of year $8,195,963 · end of year $8,937,138
-
10a · Land, buildings and equipment: cost or other basis
$746,892,911
-
10b · Land, buildings and equipment: accumulated depreciation
$380,429,564
-
10c · Land, buildings and equipment, net
beginning of year $367,659,257 · end of year $366,463,347
-
11 · Investments: publicly traded securities
beginning of year $102,537,794 · end of year $115,628,153
-
12 · Investments: other securities
beginning of year $245,632,244 · end of year $249,819,772
-
15 · Other assets
beginning of year $3,291,126 · end of year $2,431,270
-
17 · Accounts payable and accrued expenses
beginning of year $22,641,387 · end of year $30,279,180
-
19 · Deferred revenue
beginning of year $14,205,494 · end of year $14,172,882
-
20 · Tax-exempt bond liabilities
beginning of year $40,897,683 · end of year $36,857,866
-
21 · Escrow or custodial account liability
beginning of year $613,655 · end of year $719,916
-
24 · Unsecured notes and loans payable
beginning of year $4,264,190 · end of year $3,053,729
-
25 · Other liabilities
beginning of year $3,391,624 · end of year $3,962,701
-
27 · Net assets without donor restrictions
beginning of year $669,140,081 · end of year $648,749,203
-
28 · Net assets with donor restrictions
beginning of year $45,483,314 · end of year $46,866,464
Mission and programs · 2023
Mission
THE MISSION OF JOHNSON & WALES UNIVERSITY (JWU) IS TO PROVIDE AN EXCEPTIONAL EDUCATION THAT INSPIRES PROFESSIONAL SUCCESS AND LIFELONG PERSONAL AND INTELLECTUAL GROWTH.
Activities or mission (Part I)
EDUCATIONAL ACTIVITIES
-
IN FY 2024, JWU ENROLLMENT AT ITS CAMPUSES IN PROVIDENCE, RI AND CHARLOTTE, NC AND ONLINE LEARNING PROGRAM TOTALED 8,029 STUDENTS(7,066 UNDERGRADS AND 963 GRAD) JWU AWARDED 2,143 DEGREES INCLUDING 410 ASSOCIATE'S, 1,272 BACHELOR'S,332 GRADUATE, 41 DOCTORAL, AND 88 CERTIFICATES. JWU EMPLOYED 330 FT AND 428 PT FACULTY THROUGHOUT ITS COLLEGES OF ART & SCIENCES,COLLEGE OF BUSINESS,COLLEGE OF ENGINEERING & DESIGN,COLLEGE OF FOOD INNOVATION & TECHNOLOGY,COLLEGE OF HOSPITALITY MANAGEMENT, AND COLLEGE OF ONLINE EDUCATION.32% 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 $22,305 PER STUDENT. INSTITUTIONAL SCHOLARSHIPS EXCEEDED $110 MILLION.
Expenses $312,368,216 · Grants $110,104,168 · Revenue $286,318,737
As filed on the 2023 return.
Listed in Part VII
-
Minnie L RuneyMINNIE L RUNEY
CHANCELLOR, PRESIDENT & CEO
- Total calculated
- $958,301
- From this org
- $834,099
- From related orgs
- $0
- Other
- $124,202
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $802,948
- Bonus
- $0
- Other
- $31,151
- Deferred
- $97,681
- Nontaxable benefits
- $26,521
- Filer's total
- $958,301
-
Maribeth N BisienereMARIBETH N BISIENERE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
James H Hance Jr-Ended 61824JAMES H HANCE JR-ENDED 61824
CHAIR OF BOARD
- Total calculated
- $0
- Hours/week
- 1
-
Lionel E Larochelle IILIONEL E LAROCHELLE II
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Philip S Renaud IIPHILIP S RENAUD II
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Merrill W ShermanMERRILL W SHERMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Clay A SnyderCLAY A SNYDER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John E Taylor JrJOHN E TAYLOR JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
D Chip WadeD CHIP WADE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John H White Jr -Ended 61824JOHN H WHITE JR -ENDED 61824
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David Wilson - Ended 61824DAVID WILSON - ENDED 61824
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lorena M GarciaLORENA M GARCIA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robert J PalleschiROBERT J PALLESCHI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Shivan S SubramaniamSHIVAN S SUBRAMANIAM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
M Teresa Paiva WeedM TERESA PAIVA WEED
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Maria DucharmeMARIA DUCHARME
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joseph J Greene JrJOSEPH J GREENE JR
TEASURER, VICE CHANCELLOR
- Total calculated
- $500,739
- From this org
- $416,600
- From related orgs
- $0
- Other
- $84,139
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $390,536
- Bonus
- $0
- Other
- $26,064
- Deferred
- $31,546
- Nontaxable benefits
- $52,593
- Filer's total
- $500,739
-
Danielle H RaposaDANIELLE H RAPOSA
ASSISTANT TREASURER,VP OF FINANCE
- Total calculated
- $245,050
- From this org
- $190,130
- From related orgs
- $0
- Other
- $54,920
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $189,756
- Bonus
- $0
- Other
- $374
- Deferred
- $19,704
- Nontaxable benefits
- $35,216
- Filer's total
- $245,050
-
Emily GilcreastEMILY GILCREAST
UNIVERSITY SECRETARY
- Total calculated
- $190,225
- From this org
- $163,946
- From related orgs
- $0
- Other
- $26,279
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $141,171
- Bonus
- $0
- Other
- $22,775
- Deferred
- $13,982
- Nontaxable benefits
- $12,297
- Filer's total
- $190,225
-
Marie F Bernardo-SousaMARIE F BERNARDO-SOUSA
PRESIDENT PROVIDENCE CAMPUS
- Total calculated
- $386,421
- From this org
- $323,550
- From related orgs
- $0
- Other
- $62,871
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $298,728
- Bonus
- $0
- Other
- $24,822
- Deferred
- $34,180
- Nontaxable benefits
- $28,691
- Filer's total
- $386,421
-
Richard G MathieuRICHARD G MATHIEU
PRESIDENT CHARLOTTE CAMPUS
- Total calculated
- $304,789
- From this org
- $271,524
- From related orgs
- $0
- Other
- $33,265
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $268,234
- Bonus
- $0
- Other
- $3,290
- Deferred
- $8,313
- Nontaxable benefits
- $24,952
- Filer's total
- $304,789
-
Diane H D'AmbraDIANE H D'AMBRA
VP OF HUMAN SERVICES
- Total calculated
- $357,636
- From this org
- $294,283
- From related orgs
- $0
- Other
- $63,353
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $268,219
- Bonus
- $0
- Other
- $26,064
- Deferred
- $27,672
- Nontaxable benefits
- $35,681
- Filer's total
- $357,636
-
Richard A WiscottRICHARD A WISCOTT
PROVOST
- Total calculated
- $390,908
- From this org
- $326,393
- From related orgs
- $0
- Other
- $64,515
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $301,603
- Bonus
- $0
- Other
- $24,790
- Deferred
- $29,751
- Nontaxable benefits
- $34,764
- Filer's total
- $390,908
-
Luba ShurLUBA SHUR
GENERAL COUNSEL, VP
- Total calculated
- $365,951
- From this org
- $333,867
- From related orgs
- $0
- Other
- $32,084
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $332,625
- Bonus
- $0
- Other
- $1,242
- Deferred
- $30,852
- Nontaxable benefits
- $1,232
- Filer's total
- $365,951
-
Akhil GuptaAKHIL GUPTA
VP OF ENROLLMENT MANAGEMENT
- Total calculated
- $329,668
- From this org
- $269,696
- From related orgs
- $0
- Other
- $59,972
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $262,838
- Bonus
- $0
- Other
- $6,858
- Deferred
- $27,220
- Nontaxable benefits
- $32,752
- Filer's total
- $329,668
-
Jason W WithamJASON W WITHAM
VP REAL ESTATE & FACILITY PLANNING
- Total calculated
- $245,633
- From this org
- $193,893
- From related orgs
- $0
- Other
- $51,740
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $192,936
- Bonus
- $0
- Other
- $957
- Deferred
- $19,704
- Nontaxable benefits
- $32,036
- Filer's total
- $245,633
-
David A SouzaDAVID A SOUZA
VP INFORMATION TECHNOLOGY
- Total calculated
- $254,049
- From this org
- $201,313
- From related orgs
- $0
- Other
- $52,736
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $200,333
- Bonus
- $0
- Other
- $980
- Deferred
- $20,725
- Nontaxable benefits
- $32,011
- Filer's total
- $254,049
-
Sandra M AffenitoSANDRA M AFFENITO
VICE CHANCELLOR ACADEMIC ADMIN.
- Total calculated
- $401,637
- From this org
- $343,875
- From related orgs
- $0
- Other
- $57,762
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $256,044
- Bonus
- $0
- Other
- $87,831
- Deferred
- $28,818
- Nontaxable benefits
- $28,944
- Filer's total
- $401,637
-
Michael J DowningMICHAEL J DOWNING
VP OF AUXILIARY SERVICES
- Total calculated
- $249,075
- From this org
- $215,608
- From related orgs
- $0
- Other
- $33,467
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $209,878
- Bonus
- $0
- Other
- $5,730
- Deferred
- $21,289
- Nontaxable benefits
- $12,178
- Filer's total
- $249,075
-
Jason R EvansJASON R EVANS
DEAN OF CFIT
- Total calculated
- $249,014
- From this org
- $215,779
- From related orgs
- $0
- Other
- $33,235
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $205,562
- Bonus
- $0
- Other
- $10,217
- Deferred
- $21,074
- Nontaxable benefits
- $12,161
- Filer's total
- $249,014
-
Jennifer A GalipeauJENNIFER A GALIPEAU
INTERIM DEAN & ASSOCIATE PROVOST
- Total calculated
- $256,380
- From this org
- $206,026
- From related orgs
- $0
- Other
- $50,354
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $171,669
- Bonus
- $0
- Other
- $34,357
- Deferred
- $20,904
- Nontaxable benefits
- $29,450
- Filer's total
- $256,380
-
Mary J MeixellMARY J MEIXELL
DEAN OF COLLEGE OF BUSINESS
- Total calculated
- $299,361
- From this org
- $242,503
- From related orgs
- $0
- Other
- $56,858
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $235,931
- Bonus
- $0
- Other
- $6,572
- Deferred
- $24,126
- Nontaxable benefits
- $32,732
- Filer's total
- $299,361
-
Meredith TwomblyMEREDITH TWOMBLY
VP UNDERGRAD ENROLLMENT MANAGEMENT
- Total calculated
- $225,202
- From this org
- $218,033
- From related orgs
- $0
- Other
- $7,169
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $217,039
- Bonus
- $0
- Other
- $994
- Deferred
- $6,651
- Nontaxable benefits
- $518
- Filer's total
- $225,202
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINES 4A-B
- SANDRA AFFENITO RECEIVED SEVERANCE PAY OF $82,688. DURING THE YEAR THERE WAS A SEVERANCE PAYMENT MADE PURSUANT TO A SEPARATION AGREEMENT. ALL AMOUNTS PAID HAVE BEEN PROPERLY REPORTED ON FORM W-2 AND REPORTED IN FORM 990, PART VII, COLUMN D, AND ALSO IN SCH J, PART II, COLUMN B(III). THE AGREEMENT IS AVAILABLE TO THE INTERNAL REVENUE SERVICE UPON REQUEST. 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 WILL VEST ON DECEMBER 31, 2024. THE UNIVERSITY'S CONTRIBUTION TO THE PLAN AS OF JUNE 30,2024, AMOUNTED TO $212,076.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
SUPPORT ORGANIZATION - TO ENHANCE THE VITALITY AND QUALITY OF LIFE IN DOWNTOWN PROVIDENCE
-
$6,000
SUPPORT ORGANIZATION TO INCREASE SOCIAL MOBILITY FOR HIGH SCHOOL STUDENTS THOUGH EDUCATION
-
SUPPORT ORGANIZATION - FOOD FOR THE HUNGRY
-
SUPPORT ORGANIZATION - FOOD FOR THE HUNGRY
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
WILDCAT REALTY HOLDINGS LLC
REAL ESTATE HOLDINGS · RI · income $0 · assets $1,334,618
Directly controlled by JOHNSON & WALES UNIVERSITY
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CHARITABLE REMAINDER ANNUITY TRUST(1)
T · CHARITABLE TRUST · RI · controlled entity
Directly controlled by JOHNSON & WALES UNIVERSITY
-
CHARITABLE REMAINDER UNITRUST(1)
T · CHARITABLE TRUST · RI · controlled entity
Directly controlled by JOHNSON & WALES UNIVERSITY
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521329349306062
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