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Nonprofiteer
← UNIVERSITY OF PROVIDENCE

Form 990 for tax year 2023

Filed by UNIVERSITY OF PROVIDENCE.

Totals

Total revenue
$37,829,312
Total expenses
$34,049,189
Contributions and grants received
$17,445,059
Grants paid
$8,829,105
Program service revenue
$18,791,974
Investment income
$1,341,175
Other revenue
$251,104
Total assets, end of year
$56,571,625
Total liabilities, end of year
$5,841,523
Net assets or fund balances, end of year
$50,730,102
Program services expenses (Part IX)
$31,777,833
Management and general expenses
$2,201,902
Fundraising expenses
$69,454
Program service expenses (Part III)
$31,777,833

Program services were 93.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • BISHOP JEFFREY FLEMING

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • BRYAN FOX

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • CARI YTURRI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • CAROL BRONSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • CHRIS CHRISTIAENS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • CURTIS YARLOTT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • DEXTER BUSBY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • ED COGHLAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • ELIZABETH MCGREGOR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • ERIC HINEBAUCH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • FATHER DAN SHEA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • HODA ASMAR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • KAYLA-MARIE GUMESON

    STUDENT REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    1
  • MARIA CHRISTIAENS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • MICHELLE HILL

    FACULTY REPRESENTATIVE

    Total calculated
    $72,064
    From this org
    $61,413
    From related orgs
    $0
    Other
    $10,651
    Hours/week
    40
  • ROGER WITT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • ROSE WHITNEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • SR ROSALIE LOCATI SP

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • STUART VANHORN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • TERRY COSGROVE

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • TOM HIER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • TOM MOORE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • FATHER OLIVER DOYLE

    PRESIDENT

    Total calculated
    $333,124
    From this org
    $313,251
    From related orgs
    $0
    Other
    $19,873
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $313,251
    Bonus
    $0
    Other
    $0
    Deferred
    $11,424
    Nontaxable benefits
    $8,449
    Filer's total
    $333,124
  • JILLIAN EHNOT

    CFO

    Total calculated
    $108,605
    From this org
    $91,545
    From related orgs
    $0
    Other
    $17,060
    Hours/week
    40
  • JOEL BLUML

    VP OF STUDENT ENGAGEMENT & ATHLETICS

    Total calculated
    $171,905
    From this org
    $147,824
    From related orgs
    $0
    Other
    $24,081
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,824
    Bonus
    $0
    Other
    $0
    Deferred
    $2,538
    Nontaxable benefits
    $21,543
    Filer's total
    $171,905
  • KYLIE CARRANZA

    VP OF ADVANCEMENT

    Total calculated
    $153,671
    From this org
    $127,736
    From related orgs
    $0
    Other
    $25,935
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,736
    Bonus
    $0
    Other
    $0
    Deferred
    $5,600
    Nontaxable benefits
    $20,335
    Filer's total
    $153,671
  • MACKENZIE STICK

    VP OF ENROLLMENT MANAGEMENT

    Total calculated
    $158,512
    From this org
    $139,538
    From related orgs
    $0
    Other
    $18,974
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,538
    Bonus
    $0
    Other
    $0
    Deferred
    $5,600
    Nontaxable benefits
    $13,374
    Filer's total
    $158,512
  • MATTHEW REDINGER

    PROVOST

    Total calculated
    $201,054
    From this org
    $177,293
    From related orgs
    $0
    Other
    $23,761
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,293
    Bonus
    $0
    Other
    $0
    Deferred
    $7,128
    Nontaxable benefits
    $16,633
    Filer's total
    $201,054

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
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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)

PART I, LINE 1A
HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE UNIVERSITY OF PROVIDENCE PROVIDES A HOUSING ALLOWANCE TO FATHER OLIVER DOYLE, PRESIDENT. THE AMOUNT RECEIVED IS INCLUDED ON SCHEDULE J, PART II, COLUMN B (I) - BASE COMPENSATION ON THE FORM 990.
PART I, LINE 4B
ENTITIES WITHIN THE PROVIDENCE SYSTEM SPONSOR NON-QUALIFIED SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS FOR CERTAIN EXECUTIVES. THE PLANS PROVIDE FOR EMPLOYER CONTRIBUTIONS BASED ON A PERCENTAGE OF EXECUTIVE BASE SALARY AND, DEPENDING ON THE PLAN, ARE SUBJECT TO EITHER A THREE YEAR, AGE 59 1/2 OR A FIVE YEAR, AGE 65 VESTING SCHEDULE. UNTIL THE EXECUTIVE PROVIDES THESE SUBSTANTIAL FUTURE SERVICES, THESE SUPPLEMENTAL RETIREMENT CONTRIBUTIONS ARE AT RISK, AND WILL BE FORFEITED IF THE EXECUTIVE LEAVES THE ORGANIZATION BEFORE REACHING HER OR HIS VESTING DATE. THE SUPPLEMENTAL RETIREMENT CONTRIBUTIONS ARE INCLUDED IN COLUMN (C) AS A NONTAXABLE BENEFIT IN THE YEAR THE CONTRIBUTION IS CREDITED TO THE EXECUTIVE'S ACCOUNT, AND ARE INCLUDED AGAIN ON THE FORM 990 IN COLUMN (B)(III) IF AND WHEN THE AMOUNT BECOMES VESTED IN A FUTURE YEAR, AS THE FORM 990 REQUIRES. THE FOLLOWING INDIVIDUALS RECEIVED A PAYOUT DURING THE CURRENT YEAR: SHERYL VACCA - $ 142,963
PART I, LINE 7
NON-FIXED PAYMENTS THE PROVIDENCE EXECUTIVE COMPENSATION COMMITTEE (OF THE BOARD) HAS APPROVED AN EXECUTIVE COMPENSATION PHILOSOPHY THAT CLOSELY TIES AN EXECUTIVE'S COMPENSATION TO PERFORMANCE - BOTH THE PERFORMANCE OF THE ORGANIZATION AND THE PERFORMANCE OF THE EXECUTIVE. THERE IS NO GUARANTEE THAT THIS PART OF A LEADER'S COMPENSATION WILL BE PAID - IF THE PERFORMANCE OF THE ORGANIZATION OR OF THE INDIVIDUAL DOES NOT MEET THE PERFORMANCE STANDARDS FOR PAYMENT, NO PERFORMANCE-BASED PAYMENT IS MADE. THIS APPROACH IS REFLECTED IN PROVIDENCE'S LEADERSHIP ANNUAL INCENTIVE PLAN AND LONG-TERM INCENTIVE PLAN, WHICH ARE PERFORMANCE-BASED ANNUAL INCENTIVE PLANS THAT AFFORD PARTICIPATING EXECUTIVES THE OPPORTUNITY TO EARN "AT RISK" COMPENSATION THROUGH PERFORMANCE AGAINST VERY CHALLENGING GOALS. PAYOUTS WILL BE AWARDED BASED ON GOALS RELATED TO STRATEGIC OBJECTIVES, FISCAL STEWARDSHIP AND QUALITY OF CARE - THESE GOALS ARE SET BEFORE THE YEAR BEGINS AND ARE VERY CHALLENGING. THE EXECUTIVE COMPENSATION COMMITTEE REVIEWS AND APPROVES EACH YEAR'S PERFORMANCE GOALS TO MAKE SURE THEY ARE SUFFICIENTLY CHALLENGING, AND TO MAKE SURE THE GOALS ARE DESIGNED TO HELP PROVIDENCE MEET ITS MISSION AND STRATEGIC PURPOSES. EACH YEAR THE PSJH BOARD EXECUTIVE COMPENSATION COMMITTEE REVIEWS THE INCENTIVE PERFORMANCE AND MUST CERTIFY THE ACHIEVEMENT OF PERFORMANCE GOALS BEFORE ANY AWARDS ARE PAID OUT. WHEN REVIEWING AND APPROVING TOTAL COMPENSATION FOR EXECUTIVES, THE EXECUTIVE COMPENSATION COMMITTEE INCLUDES INCENTIVE AWARDS, TO MAKE SURE THAT COMPENSATION IS REASONABLE AND WELL-SUPPORTED BY MARKET DATA. THE COMMITTEE CONSISTS ONLY OF DIRECTORS WHO ARE FREE OF CONFLICTS OF INTEREST, AND THE COMMITTEE RELIES ON MARKET SURVEY DATA GATHERED BY AN INDEPENDENT CONSULTANT. THE COMMITTEE CONDUCTS THIS REVIEW AND APPROVAL PROCESS IN A MANNER THAT IS IN ACCORDANCE WITH IRS REQUIREMENTS FOR COMPENSATION OF TAX-EXEMPT ORGANIZATION LEADERS, AND IN ACCORDANCE WITH THE BEST GOVERNANCE PRACTICES IN THE INDUSTRY.

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.

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
9 May 2025
IRS schema version
2023v6.0
Source object
202511299349302016

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