Form 990 for tax year 2023

Filed by ROGER WILLIAMS UNIVERSITY.

Totals

Total revenue: $243,628,125
Total expenses: $237,688,565
Contributions and grants received: $16,433,723
Grants paid: $78,616,299
Program service revenue: $216,572,014
Investment income: $6,875,293
Other revenue: $3,747,095
Total assets, end of year: $290,491,270
Total liabilities, end of year: $125,238,437
Net assets or fund balances, end of year: $165,252,833
Program services expenses (Part IX): $219,360,870
Management and general expenses: $14,639,591
Fundraising expenses: $3,688,104
Program service expenses (Part III): $219,360,870

Program services were 92.3% 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

$0
1b · Membership dues

$0
1c · Fundraising events

$48,638
1d · Related organizations

$0
1e · Government grants (contributions)

$7,445,642
1f · All other contributions, gifts and grants

$8,939,443
1g · Noncash contributions included above

$211,022
2a · Program service revenue: Tuition

total $165,959,284 · related or exempt $165,959,284 · unrelated business $0 · excluded $0
2b · Program service revenue: Room and Board

total $45,964,647 · related or exempt $45,964,647 · unrelated business $0 · excluded $0
2c · Program service revenue: Fees

total $2,750,877 · related or exempt $2,750,877 · unrelated business $0 · excluded $0
2d · Program service revenue: Other Auxiliary Income

total $949,703 · related or exempt $949,703 · unrelated business $0 · excluded $0
2f · All other program service revenue

total $947,503 · related or exempt $947,503 · unrelated business $0 · excluded $0
3 · Investment income

total $1,408,895 · related or exempt $0 · unrelated business -$26,318 · excluded $1,435,213
4 · Income from investment of tax-exempt bond proceeds

total $47,413 · related or exempt $0 · unrelated business $0 · excluded $47,413
5 · Royalties

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
6a · Gross rents

real property $542,886 · personal property $0
6b · Less rental expenses

real property $209,008 · personal property $0
6c · Rental income or loss

real property $333,878 · personal property $0
6d · Net rental income or loss

total $333,878 · related or exempt $0 · unrelated business $0 · excluded $333,878
7a · Gross sales of assets other than inventory

securities $8,052,170 · other assets $34,408
7b · Less cost or other basis and sales expenses

securities $2,644,068 · other assets $23,525
7c · Gain or loss

securities $5,408,102 · other assets $10,883
7d · Net gain or loss

total $5,418,985 · related or exempt $0 · unrelated business $0 · excluded $5,418,985
8a · Fundraising events: gross income

$22,028
8a · Fundraising events: contributions included on line 1c

$48,638
8b · Fundraising events: direct expenses

$25,940
8c · Net income from fundraising events

total -$3,912 · unrelated business $0 · excluded -$3,912
9a · Gaming: gross income

$0
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
10a · Gross sales of inventory

$0
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11a · Other revenue: Justice Training Institute

total $511,451 · related or exempt $511,451 · unrelated business $0 · excluded $0
11b · Other revenue: Bookstore

total $182,776 · related or exempt $0 · unrelated business $0 · excluded $182,776
11c · Other revenue: Conferences

total $2,337,909 · related or exempt $1,654,207 · unrelated business $0 · excluded $683,702
11d · All other revenue

total $384,993 · related or exempt $384,993 · unrelated business $0 · excluded $0
11e · Other revenue, total

$3,417,129

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $0 · program services $0
2 · Grants to domestic individuals

total $76,405,005 · program services $76,405,005
3 · Grants to foreign organizations and individuals

total $2,211,294 · program services $2,211,294
4 · Benefits paid to or for members

total $0 · program services $0
5 · Compensation of officers, directors and key employees

total $1,610,234 · program services $298,269 · management and general $1,049,097 · fundraising $262,868
6 · Compensation of disqualified persons

total $0 · program services $0 · management and general $0 · fundraising $0
7 · Other salaries and wages

total $72,284,883 · program services $64,439,275 · management and general $5,754,187 · fundraising $2,091,421
8 · Pension plan contributions

total $4,516,789 · program services $3,699,321 · management and general $662,924 · fundraising $154,544
9 · Other employee benefits

total $15,138,468 · program services $13,244,459 · management and general $1,465,552 · fundraising $428,457
10 · Payroll taxes

total $5,385,152 · program services $4,699,401 · management and general $545,238 · fundraising $140,513
11a · Fees: management

total $433,696 · program services $235,651 · management and general $198,045 · fundraising $0
11b · Fees: legal

total $197,975 · program services $3,510 · management and general $194,465 · fundraising $0
11c · Fees: accounting

total $225,531 · program services $0 · management and general $225,531 · fundraising $0
11d · Fees: lobbying

total $0 · program services $0 · management and general $0 · fundraising $0
11e · Fees: professional fundraising services

total $0 · fundraising $0
11f · Fees: investment management

total $353,249 · program services $0 · management and general $353,249 · fundraising $0
11g · Fees: other

total $11,026,349 · program services $10,583,964 · management and general $398,453 · fundraising $43,932
12 · Advertising and promotion

total $1,520,876 · program services $1,492,331 · management and general $28,545 · fundraising $0
13 · Office expenses

total $2,634,714 · program services $2,069,924 · management and general $411,229 · fundraising $153,561
14 · Information technology

total $2,943,626 · program services $1,824,045 · management and general $984,083 · fundraising $135,498
15 · Royalties

total $5,133 · program services $5,133 · management and general $0 · fundraising $0
16 · Occupancy

total $10,125,623 · program services $9,889,228 · management and general $236,080 · fundraising $315
17 · Travel

total $1,645,099 · program services $1,449,953 · management and general $102,794 · fundraising $92,352
18 · Travel or entertainment for public officials

total $0 · program services $0 · management and general $0 · fundraising $0
19 · Conferences, conventions and meetings

total $948,691 · program services $885,055 · management and general $61,138 · fundraising $2,498
20 · Interest

total $2,580,194 · program services $2,445,386 · management and general $134,808 · fundraising $0
21 · Payments to affiliates

total $0 · program services $0 · management and general $0 · fundraising $0
22 · Depreciation, depletion and amortization

total $12,177,460 · program services $12,177,460 · management and general $0 · fundraising $0
23 · Insurance

total $2,790,600 · program services $1,850,942 · management and general $939,658 · fundraising $0
24a · Other expenses: Student Travel and Study Abroad

total $1,811,751 · program services $1,811,751 · management and general $0 · fundraising $0
24b · Other expenses: Library Materials

total $1,321,552 · program services $1,321,552 · management and general $0 · fundraising $0
24c · Other expenses: Travel Meals and Entertainment

total $2,756,831 · program services $2,482,661 · management and general $189,217 · fundraising $84,953
24d · Other expenses: Dues & Subscriptions

total $775,073 · program services $502,563 · management and general $227,807 · fundraising $44,703
24e · All other expenses

total $3,862,717 · program services $3,332,737 · management and general $477,491 · fundraising $52,489

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $2,241,045 · end of year $797,512
3 · Pledges and grants receivable

beginning of year $13,218,564 · end of year $15,983,527
4 · Accounts receivable

beginning of year $5,236,083 · end of year $4,910,244
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $323,240 · end of year $203,855
8 · Inventories for sale or use

beginning of year $163,610 · end of year $133,205
9 · Prepaid expenses and deferred charges

beginning of year $1,293,564 · end of year $1,231,654
10a · Land, buildings and equipment: cost or other basis

$431,505,802
10b · Land, buildings and equipment: accumulated depreciation

$245,410,717
10c · Land, buildings and equipment, net

beginning of year $188,967,370 · end of year $186,095,085
11 · Investments: publicly traded securities

beginning of year $18,562,250 · end of year $29,146,734
12 · Investments: other securities

beginning of year $47,617,141 · end of year $41,587,186
13 · Investments: program-related

beginning of year $0 · end of year $0
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $11,483,480 · end of year $10,402,268
17 · Accounts payable and accrued expenses

beginning of year $9,808,929 · end of year $10,074,340
18 · Grants payable

beginning of year $0
19 · Deferred revenue

beginning of year $16,079,788 · end of year $14,562,570
20 · Tax-exempt bond liabilities

beginning of year $75,215,402 · end of year $67,641,268
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $1,325,612 · end of year $757,602
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $28,492,351 · end of year $32,202,657
27 · Net assets without donor restrictions

beginning of year $127,141,347 · end of year $129,235,891
28 · Net assets with donor restrictions

beginning of year $31,042,918 · end of year $36,016,942

Mission and programs · 2023

Mission

See Schedule O.

Activities or mission (Part I)

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.

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.

Expenses $219,360,870 · Grants $78,616,299 · Revenue $219,122,665

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Ioannis N Miaoulis

President

Total calculated

$1,223,992

From this org

$1,026,226

From related orgs

$0

Other

$197,766

Hours/week

35 + 5 related

Schedule J breakdown matched by us

Base

$865,126

Bonus

$150,000

Other

$11,100

Deferred

$41,799

Nontaxable benefits

$155,967

Filer's total

$1,223,992
Margaret C Everett

Provost

Total calculated

$384,548

From this org

$333,169

From related orgs

$0

Other

$51,379

Hours/week

40

Schedule J breakdown matched by us

Base

$327,329

Bonus

$5,000

Other

$840

Deferred

$26,400

Nontaxable benefits

$24,979

Filer's total

$384,548
Robert J Griffin

Dean of School of Engineering

Total calculated

$326,235

From this org

$279,368

From related orgs

$0

Other

$46,867

Hours/week

40

Schedule J breakdown matched by us

Base

$279,368

Bonus

$0

Other

$0

Deferred

$22,848

Nontaxable benefits

$24,019

Filer's total

$326,235
Brian Williams

Chief of Staff

Total calculated

$324,427

From this org

$274,879

From related orgs

$0

Other

$49,548

Hours/week

40

Schedule J breakdown matched by us

Base

$266,089

Bonus

$7,950

Other

$840

Deferred

$21,928

Nontaxable benefits

$27,620

Filer's total

$324,427
Amy Sullivan Berkeley

Vice President of Institutional Advancement

Total calculated

$310,757

From this org

$284,033

From related orgs

$0

Other

$26,724

Hours/week

40

Schedule J breakdown matched by us

Base

$276,943

Bonus

$6,250

Other

$840

Deferred

$21,939

Nontaxable benefits

$4,785

Filer's total

$310,757
Amy B Tiberio

Vice President and Dean Enrollment

Total calculated

$296,821

From this org

$229,474

From related orgs

$0

Other

$67,347

Hours/week

40

Schedule J breakdown matched by us

Base

$227,434

Bonus

$1,200

Other

$840

Deferred

$16,402

Nontaxable benefits

$50,945

Filer's total

$296,821
Marc A Leonetti

EVP for Finance Administration Until 1/16/24

Total calculated

$288,584

From this org

$263,782

From related orgs

$0

Other

$24,802

Hours/week

35 + 5 related

Schedule J breakdown matched by us

Base

$255,592

Bonus

$7,350

Other

$840

Deferred

$20,250

Nontaxable benefits

$4,552

Filer's total

$288,584
Aaron Buzay

AVP Institutional Advancement

Total calculated

$276,171

From this org

$253,653

From related orgs

$0

Other

$22,518

Hours/week

40

Schedule J breakdown matched by us

Base

$247,188

Bonus

$5,625

Other

$840

Deferred

$19,745

Nontaxable benefits

$2,773

Filer's total

$276,171
Stephanie P Manzi

Faculty

Total calculated

$255,281

From this org

$232,354

From related orgs

$0

Other

$22,927

Hours/week

40

Schedule J breakdown matched by us

Base

$232,354

Bonus

$0

Other

$0

Deferred

$11,659

Nontaxable benefits

$11,268

Filer's total

$255,281
John J King

VP for Student Affairs

Total calculated

$255,183

From this org

$210,646

From related orgs

$0

Other

$44,537

Hours/week

40

Schedule J breakdown matched by us

Base

$209,806

Bonus

$0

Other

$840

Deferred

$17,310

Nontaxable benefits

$27,227

Filer's total

$255,183
Linn Foster Freedman

Secretary

Total calculated

$5,000

From this org

$0

From related orgs

$5,000

Other

$0

Hours/week

5 + 5 related
Jerrold L Lavine

Trustee Emeriti

Total calculated

$0

Hours/week

1
Tony Masone

Treasurer

Total calculated

$0

Hours/week

1
Timothy Yeaton

Chairman

Total calculated

$0

Hours/week

5
James Andrade

Trustee

Total calculated

$0

Hours/week

1
Nicole Benjamin

Trustee

Total calculated

$0

Hours/week

1 + 5 related
Heather Boujoulian

Trustee

Total calculated

$0

Hours/week

1
Richard L Bready

Trustee Emeriti

Total calculated

$0

Hours/week

1
Rodney A Butler

Trustee

Total calculated

$0

Hours/week

1
Doris De Los Santos

Trustee

Total calculated

$0

Hours/week

1
Julie Englund

Trustee

Total calculated

$0

Hours/week

1
Mario J Gabelli

Trustee

Total calculated

$0

Hours/week

1
Christopher J Gagliardi

Trustee

Total calculated

$0

Hours/week

1
William Geraghty

Trustee

Total calculated

$0

Hours/week

1
Peter A Heard

Trustee

Total calculated

$0

Hours/week

1
Les Hiscoe

Trustee

Total calculated

$0

Hours/week

1
Frank Hood

Trustee

Total calculated

$0

Hours/week

1
Michael Integlia

Trustee

Total calculated

$0

Hours/week

1
Keith Johnson

Trustee

Total calculated

$0

Hours/week

1
Murray Karp

Trustee

Total calculated

$0

Hours/week

1
Laurie Landeau

Trustee

Total calculated

$0

Hours/week

1
William F McKeon

Trustee

Total calculated

$0

Hours/week

1
Marcia Morris

Trustee Emeritus

Total calculated

$0

Hours/week

1
John J Park

Trustee

Total calculated

$0

Hours/week

1
Scott Pray

Trustee

Total calculated

$0

Hours/week

1
Frank Rainieri Jr

Trustee Emeritus

Total calculated

$0

Hours/week

1
Lisa Raiola

Trustee

Total calculated

$0

Hours/week

1
Todd Rechler

Trustee

Total calculated

$0

Hours/week

1
Regina Shakin

Trustee through September 2023

Total calculated

$0

Hours/week

1
Jacqueline S Rolleri

Trustee

Total calculated

$0

Hours/week

1
Erik Smith

Trustee

Total calculated

$0

Hours/week

1
Vernon H Stafford Jr

Trustee

Total calculated

$0

Hours/week

1
Brian P Stern

Trustee

Total calculated

$0

Hours/week

1 + 1 related
Katherine Sulentic

Trustee

Total calculated

$0

Hours/week

1 + 1 related
Arlene Violet

Trustee Emeriti

Total calculated

$0

Hours/week

1
Stephen Zubiago Esq

Trustee

Total calculated

$0

Hours/week

1

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

1a · Housing allowance or residence for personal use
1a · Health or social club dues or initiation fees
1a · Personal services (maid, chauffeur, chef)
1b · Written policy on the line-1a expenses
2 · Substantiation required before reimbursing expenses
3 · Compensation committee
3 · Independent compensation consultant
3 · Form 990 of other organizations
3 · Written employment contract
3 · Compensation survey or study
3 · Approval by the board or compensation committee
4b · Supplemental nonqualified retirement plan
7 · Other non-fixed payments

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
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

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 memberships were 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 $15,399 was accrued under the plan during calendar year 2023 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.

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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Roger Williams University School of Law

501(c)(3) · Law Grad School · RI

Provenance

Return type: form_990
Tax year: 2023
Filed: 28 April 2025
IRS schema version: 2023v6.0
Source object: 202541219349301204

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