Skip to content
Nonprofiteer
← JOHNSON & WALES UNIVERSITY

Form 990 for tax year 2024

Filed by JOHNSON & WALES UNIVERSITY.

Totals

Total revenue
$342,378,728
Total expenses
$373,438,799
Contributions and grants received
$4,445,783
Grants paid
$120,399,305
Program service revenue
$303,719,382
Investment income
$29,740,084
Other revenue
$4,473,479
Total assets, end of year
$773,639,499
Total liabilities, end of year
$89,809,651
Net assets or fund balances, end of year
$683,829,848
Program services expenses (Part IX)
$338,666,746
Management and general expenses
$31,481,416
Fundraising expenses
$3,290,637
Program service expenses (Part III)
$338,666,746

Program services were 90.7% 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

    $2,566

  • 1c · Fundraising events

    $91,860

  • 1e · Government grants (contributions)

    $2,479,095

  • 1f · All other contributions, gifts and grants

    $1,872,262

  • 1g · Noncash contributions included above

    $609,433

  • 2a · Program service revenue: TUITION

    total $248,755,623 · related or exempt $248,755,623

  • 2b · Program service revenue: RESIDENCE & DINING

    total $50,083,408 · related or exempt $50,083,408

  • 2c · Program service revenue: STUDENT FEES

    total $3,323,736 · related or exempt $3,323,736

  • 2d · Program service revenue: EDUCATIONAL PROGRAMS

    total $1,418,546 · related or exempt $1,418,546

  • 2e · Program service revenue: PERKINS

    total $74,452 · related or exempt $74,452

  • 2f · All other program service revenue

    total $63,617 · related or exempt $63,617

  • 3 · Investment income

    total $4,824,745 · unrelated business -$42,533 · excluded $4,867,278

  • 6a · Gross rents

    real property $2,978,058

  • 6b · Less rental expenses

    real property $1,018,029

  • 6c · Rental income or loss

    real property $1,960,029

  • 6d · Net rental income or loss

    total $1,960,029 · unrelated business $1,013,972 · excluded $946,057

  • 7a · Gross sales of assets other than inventory

    securities $85,678,139 · other assets $11,288,858

  • 7b · Less cost or other basis and sales expenses

    securities $70,647,611 · other assets $1,404,047

  • 7c · Gain or loss

    securities $15,030,528 · other assets $9,884,811

  • 7d · Net gain or loss

    total $24,915,339 · unrelated business $58,132 · excluded $24,857,207

  • 8a · Fundraising events: gross income

    $19,702

  • 8a · Fundraising events: contributions included on line 1c

    $91,860

  • 8b · Fundraising events: direct expenses

    $163,549

  • 8c · Net income from fundraising events

    total -$143,847 · excluded -$143,847

  • 11a · Other revenue: STUDENT SERVICES

    total $1,060,315 · related or exempt $158,604 · excluded $901,711

  • 11b · Other revenue: CATERING SERVICES

    total $541,891 · unrelated business $541,891

  • 11c · Other revenue: CONTRACTUAL SERVICES

    total $527,177 · related or exempt $527,177

  • 11d · All other revenue

    total $527,914 · related or exempt $330,503 · unrelated business $111,785 · excluded $85,626

  • 11e · Other revenue, total

    $2,657,297

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $44,150 · program services $44,150

  • 2 · Grants to domestic individuals

    total $118,638,837 · program services $118,638,837

  • 3 · Grants to foreign organizations and individuals

    total $1,716,318 · program services $1,716,318

  • 5 · Compensation of officers, directors and key employees

    total $5,115,992 · management and general $4,819,641 · fundraising $296,351

  • 6 · Compensation of disqualified persons

    total $272,457 · program services $272,457

  • 7 · Other salaries and wages

    total $116,212,793 · program services $103,232,611 · management and general $11,809,299 · fundraising $1,170,883

  • 8 · Pension plan contributions

    total $9,086,654 · program services $7,979,608 · management and general $1,026,691 · fundraising $80,355

  • 9 · Other employee benefits

    total $15,627,171 · program services $13,824,650 · management and general $1,643,052 · fundraising $159,469

  • 10 · Payroll taxes

    total $8,281,937 · program services $7,177,779 · management and general $1,038,676 · fundraising $65,482

  • 11a · Fees: management

    total $289,627 · management and general $289,627

  • 11b · Fees: legal

    total $116,356 · management and general $116,356

  • 11c · Fees: accounting

    total $169,666 · management and general $169,666

  • 11d · Fees: lobbying

    total $142,006 · program services $142,006

  • 11e · Fees: professional fundraising services

    total $637,331 · fundraising $637,331

  • 11f · Fees: investment management

    total $1,955,875 · management and general $1,955,875

  • 11g · Fees: other

    total $6,980,765 · program services $5,104,335 · management and general $1,751,294 · fundraising $125,136

  • 12 · Advertising and promotion

    total $11,841,401 · program services $10,374,027 · management and general $1,398,041 · fundraising $69,333

  • 13 · Office expenses

    total $2,542,020 · program services $1,675,432 · management and general $834,978 · fundraising $31,610

  • 14 · Information technology

    total $7,662,288 · program services $5,740,897 · management and general $1,736,722 · fundraising $184,669

  • 15 · Royalties

    total $169,993 · program services $169,993

  • 16 · Occupancy

    total $17,027,418 · program services $15,537,638 · management and general $1,372,391 · fundraising $117,389

  • 17 · Travel

    total $3,635,380 · program services $3,395,014 · management and general $170,866 · fundraising $69,500

  • 20 · Interest

    total $1,018,429 · program services $929,850 · management and general $81,554 · fundraising $7,025

  • 22 · Depreciation, depletion and amortization

    total $23,052,974 · program services $22,457,959 · management and general $351,563 · fundraising $243,452

  • 23 · Insurance

    total $4,786,481 · program services $4,659,880 · management and general $124,685 · fundraising $1,916

  • 24a · Other expenses: FOOD/BEVERAGE/KITCHEN S

    total $6,616,527 · program services $6,598,120 · management and general $18,407

  • 24b · Other expenses: STUDENT SERVICES EXPENS

    total $4,149,941 · program services $4,137,131 · management and general $12,810

  • 24c · Other expenses: CLASSROOM AND EDUCATION

    total $2,644,155 · program services $2,625,663 · management and general $16,472 · fundraising $2,020

  • 24d · Other expenses: UBTI TAX EXPENSE

    total $230,145 · management and general $230,145

  • 24e · All other expenses

    total $2,773,712 · program services $2,232,391 · management and general $512,605 · fundraising $28,716

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $28,301 · end of year $17,153

  • 2 · Savings and temporary cash investments

    beginning of year $17,963,358 · end of year $4,636,871

  • 3 · Pledges and grants receivable

    beginning of year $1,425,483 · end of year $510,575

  • 4 · Accounts receivable

    beginning of year $9,309,700 · end of year $9,539,881

  • 7 · Other notes and loans receivable

    beginning of year $11,837,087 · end of year $8,775,065

  • 8 · Inventories for sale or use

    beginning of year $818,332 · end of year $791,692

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,937,138 · end of year $7,268,722

  • 10a · Land, buildings and equipment: cost or other basis

    $742,626,951

  • 10b · Land, buildings and equipment: accumulated depreciation

    $388,931,403

  • 10c · Land, buildings and equipment, net

    beginning of year $366,463,347 · end of year $353,695,548

  • 11 · Investments: publicly traded securities

    beginning of year $115,628,153 · end of year $119,258,982

  • 12 · Investments: other securities

    beginning of year $249,819,772 · end of year $266,331,846

  • 15 · Other assets

    beginning of year $2,431,270 · end of year $2,813,164

  • 17 · Accounts payable and accrued expenses

    beginning of year $30,279,180 · end of year $29,999,090

  • 19 · Deferred revenue

    beginning of year $14,172,882 · end of year $16,577,350

  • 20 · Tax-exempt bond liabilities

    beginning of year $36,857,866 · end of year $32,706,644

  • 21 · Escrow or custodial account liability

    beginning of year $719,916 · end of year $812,018

  • 24 · Unsecured notes and loans payable

    beginning of year $3,053,729 · end of year $5,622,311

  • 25 · Other liabilities

    beginning of year $3,962,701 · end of year $4,092,238

  • 27 · Net assets without donor restrictions

    beginning of year $648,749,203 · end of year $635,017,911

  • 28 · Net assets with donor restrictions

    beginning of year $46,866,464 · end of year $48,811,937

Mission and programs · 2024

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 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.

    Expenses $338,666,746 · Grants $120,399,305 · Revenue $304,735,666

As filed on the 2024 return.

Listed in Part VII

  • Minnie L Runey

    CHANCELLOR, PRESIDENT & CEO

    Total calculated
    $926,935
    From this org
    $865,364
    From related orgs
    $0
    Other
    $61,571
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $855,626
    Bonus
    $0
    Other
    $9,738
    Deferred
    $33,673
    Nontaxable benefits
    $27,898
    Filer's total
    $926,935
  • Maribeth N Bisienere

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Lionel E Larochelle II

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Philip S Renaud

    TRUSTEE (THRU 11/21/24)

    Total calculated
    $0
    Hours/week
    1
  • Merrill W Sherman

    TRUSTEE (THRU 6/24/25)

    Total calculated
    $0
    Hours/week
    1
  • Clay A Snyder

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • John E Taylor Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • D Chip Wade

    TRUSTEE (THRU 6/24/25)

    Total calculated
    $0
    Hours/week
    1
  • Lorena M Garcia

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Robert J Palleschi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Shivan S Subramaniam

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Mteresa Paiva Weed

    TRUSTEE (THRU 7/25/24)

    Total calculated
    $0
    Hours/week
    1
  • Maria Ducharme

    TRUSTEE (THRU 6/24/25)

    Total calculated
    $0
    Hours/week
    1
  • Joye D Blount

    TRUSTEE (AS OF 6/24/25)

    Total calculated
    $0
    Hours/week
    1
  • Adi Dhandhania

    TRUSTEE (AS OF 3/27/25)

    Total calculated
    $0
    Hours/week
    1
  • Joseph J Greene Jr

    VICE CHANCELLOR

    Total calculated
    $492,844
    From this org
    $424,569
    From related orgs
    $0
    Other
    $68,275
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $421,005
    Bonus
    $0
    Other
    $3,564
    Deferred
    $33,600
    Nontaxable benefits
    $34,675
    Filer's total
    $492,844
  • Danielle H Raposa

    TREASURER & CFO

    Total calculated
    $257,587
    From this org
    $200,040
    From related orgs
    $0
    Other
    $57,547
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $199,642
    Bonus
    $0
    Other
    $398
    Deferred
    $20,894
    Nontaxable benefits
    $36,653
    Filer's total
    $257,587
  • Emily Gilcreast

    UNIVERSITY SECRETARY

    Total calculated
    $174,458
    From this org
    $146,944
    From related orgs
    $0
    Other
    $27,514
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $146,653
    Bonus
    $0
    Other
    $291
    Deferred
    $14,567
    Nontaxable benefits
    $12,947
    Filer's total
    $174,458
  • Marie F Bernardo-Sousa

    PRESIDENT PROVIDENCE CAMPUS

    Total calculated
    $371,863
    From this org
    $312,993
    From related orgs
    $0
    Other
    $58,870
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $310,671
    Bonus
    $0
    Other
    $2,322
    Deferred
    $28,594
    Nontaxable benefits
    $30,276
    Filer's total
    $371,863
  • Richard G Mathieu

    PRESIDENT CHARLOTTE CAMPUS

    Total calculated
    $342,602
    From this org
    $286,848
    From related orgs
    $0
    Other
    $55,754
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $283,284
    Bonus
    $0
    Other
    $3,564
    Deferred
    $26,950
    Nontaxable benefits
    $28,804
    Filer's total
    $342,602
  • Diane H D'Ambra

    VP OF HUMAN SERVICES

    Total calculated
    $347,056
    From this org
    $281,871
    From related orgs
    $0
    Other
    $65,185
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $278,307
    Bonus
    $0
    Other
    $3,564
    Deferred
    $27,493
    Nontaxable benefits
    $37,692
    Filer's total
    $347,056
  • Richard A Wiscott

    PROVOST

    Total calculated
    $431,805
    From this org
    $365,935
    From related orgs
    $0
    Other
    $65,870
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $363,613
    Bonus
    $0
    Other
    $2,322
    Deferred
    $30,990
    Nontaxable benefits
    $34,880
    Filer's total
    $431,805
  • Luba Shur

    GENERAL COUNSEL, VP

    Total calculated
    $407,069
    From this org
    $338,327
    From related orgs
    $0
    Other
    $68,742
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $337,085
    Bonus
    $0
    Other
    $1,242
    Deferred
    $32,713
    Nontaxable benefits
    $36,029
    Filer's total
    $407,069
  • Akhil Gupta

    VP OF ENROLLMENT MANAGEMENT

    Total calculated
    $271,084
    From this org
    $217,881
    From related orgs
    $0
    Other
    $53,203
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $212,166
    Bonus
    $0
    Other
    $5,715
    Deferred
    $25,333
    Nontaxable benefits
    $27,870
    Filer's total
    $271,084
  • Jason W Witham

    VP REAL ESTATE & FACILITY PLANNING

    Total calculated
    $257,160
    From this org
    $203,165
    From related orgs
    $0
    Other
    $53,995
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $202,148
    Bonus
    $0
    Other
    $1,017
    Deferred
    $20,894
    Nontaxable benefits
    $33,101
    Filer's total
    $257,160
  • David A Souza

    VP INFORMATION TECHNOLOGY

    Total calculated
    $264,241
    From this org
    $208,278
    From related orgs
    $0
    Other
    $55,963
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $207,231
    Bonus
    $0
    Other
    $1,047
    Deferred
    $21,337
    Nontaxable benefits
    $34,626
    Filer's total
    $264,241
  • Matthew C Montgomery

    VP MARKETING & COMMUNICATION

    Total calculated
    $191,436
    From this org
    $177,520
    From related orgs
    $0
    Other
    $13,916
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $172,912
    Bonus
    $0
    Other
    $4,608
    Deferred
    $5,200
    Nontaxable benefits
    $8,716
    Filer's total
    $191,436
  • Meredith Twombly

    VP UNDERGRAD ENROLLMENT MANAGEMENT

    Total calculated
    $302,084
    From this org
    $277,325
    From related orgs
    $0
    Other
    $24,759
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $276,192
    Bonus
    $0
    Other
    $1,133
    Deferred
    $24,070
    Nontaxable benefits
    $689
    Filer's total
    $302,084
  • Jason R Evans

    DEAN OF CFIT

    Total calculated
    $248,594
    From this org
    $213,914
    From related orgs
    $0
    Other
    $34,680
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $213,452
    Bonus
    $0
    Other
    $462
    Deferred
    $21,767
    Nontaxable benefits
    $12,913
    Filer's total
    $248,594
  • Jennifer A Galipeau

    INTERIM DEAN & ASSOCIATE PROFESSOR

    Total calculated
    $276,372
    From this org
    $223,034
    From related orgs
    $0
    Other
    $53,338
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $204,990
    Bonus
    $0
    Other
    $18,044
    Deferred
    $22,057
    Nontaxable benefits
    $31,281
    Filer's total
    $276,372
  • Mary J Meixell

    DEAN OF COLLEGE OF BUSINESS

    Total calculated
    $311,510
    From this org
    $251,612
    From related orgs
    $0
    Other
    $59,898
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $244,774
    Bonus
    $0
    Other
    $6,838
    Deferred
    $25,136
    Nontaxable benefits
    $34,762
    Filer's total
    $311,510
  • Maura C Iversen

    DEAN OF COLLEGE OF HEALTH & WELLNESS

    Total calculated
    $288,671
    From this org
    $268,018
    From related orgs
    $0
    Other
    $20,653
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $264,728
    Bonus
    $0
    Other
    $3,290
    Deferred
    $8,191
    Nontaxable benefits
    $12,462
    Filer's total
    $288,671
  • Melanie V Tucker

    VP STUDENT AFFAIRS

    Total calculated
    $277,855
    From this org
    $232,289
    From related orgs
    $0
    Other
    $45,566
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $231,130
    Bonus
    $0
    Other
    $1,159
    Deferred
    $21,642
    Nontaxable benefits
    $23,924
    Filer's total
    $277,855

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
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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, 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.

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

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 $1,247,223

    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
2024
Filed
7 May 2026
IRS schema version
2024v5.5
Source object
202621319349300847

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.