Bryant University
- Assets
- $506.7m
- Revenue
- $218.6m
- Investments
- $78.2m
- Employees
- 2,205
- Location
- Smithfield, RI
- Founding
- 10/1950
- Data as of
- 06/2020
- EIN
- 05-0258810
Bryant University Overview
Bryant University is located in Smithfield, RI. The organization was established in 1950. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2020, Bryant University employed 2,205 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Bryant University generated $218.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $216.1m during the year ending 06/2020. While expenses have increased by 2.3% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO EDUCATE AND INSPIRE STUDENTS TO DISCOVER THEIR PASSION AND BECOME INNOVATIVE LEADERS WITH CHARACTER AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
*UNDERGRADUATE, GRADUATE AND CERTIFICATE PROGRAMS - INCLUDING ACADEMIC SUPPORT, STUDENT SERVICES, AND PUBLIC SERVICE* SEE SCHEDULE O
*AUXILIARY SERVICES - DINING AND HOUSING* SEE SCHEDULE O
*UNDERGRADUATE, GRADUATE AND CERTIFICATE PROGRAMS - INCLUDING ACADEMIC SUPPORT, STUDENT SERVICES, AND PUBLIC SERVICE* SEE SCHEDULE O
*AUXILIARY SERVICES - DINING AND HOUSING* SEE SCHEDULE O
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Bryant University Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald K Machtley President/trustee | Officer | 42 | $796,692 |
Barry F Morrison Vp-Business Affairs/treasurer | Officer | 50 | $484,489 |
Charles F Locurto Vp-Information Services/cio | Officer | 50 | $414,080 |
Glenn M Sulmasy Provost | Officer | 45 | $331,574 |
David C Wegrzyn Vp-University Advancement | Officer | 50 | $305,780 |
Madan G Annavarjula Dean, College Of Business | Officer | 50 | $302,289 |
Bryant University Vendors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Food Service | 6/29/20 | $10,818,801 |
New England Construction Co Inc Construction | 6/29/20 | $6,960,825 |
Az Corporation Construction | 6/29/20 | $4,912,931 |
New England Construction Co Inc Construction | 6/29/20 | $6,960,825 |
Bond Bros Inc Construction | 6/29/20 | $3,499,830 |
Sodexo Food Service | 6/29/20 | $10,818,801 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $34,050 |
| Related organizations | $0 |
| Government grants | $1,702,645 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,151,434 |
| Noncash contributions included in lines 1a–1f | $1,219,130 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,888,129 |
| Total Program Service Revenue | $199,770,578 |
| Investment income | $1,590,171 |
| Tax Exempt Bond Proceeds | $30,933 |
| Royalties | $336,633 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,831,655 |
| Net Income from Fundraising Events | $3,683 |
| Net Income from Gaming Activities | $31,534 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $218,647,857 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,693 |
| Grants and other assistance to domestic individuals. | $62,584,451 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,307,378 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,575,876 |
| Compensation of current officers, directors, key employees. | $3,134,649 |
| Compensation to disqualified persons | $98,874 |
| Other salaries and wages | $62,991,843 |
| Pension plan accruals and contributions | $4,652,991 |
| Other employee benefits | $11,058,125 |
| Payroll taxes | $4,377,546 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $114,436 |
| Fees for services: Accounting | $271,560 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $60,925 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,913,226 |
| Advertising and promotion | $2,814,708 |
| Office expenses | $1,561,388 |
| Information technology | $3,930,471 |
| Royalties | $0 |
| Occupancy | $4,159,063 |
| Travel | $3,964,103 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $539,108 |
| Interest | $4,146,693 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,408,969 |
| Insurance | $1,340,859 |
| All other expenses | $4,405,554 |
| Total functional expenses | $216,127,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,933 |
| Savings and temporary cash investments | $60,240,013 |
| Pledges and grants receivable | $4,477,802 |
| Accounts receivable, net | $3,118,649 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,987,306 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,344,411 |
| Net Land, buildings, and equipment | $228,988,358 |
| Investments—publicly traded securities | $118,048,360 |
| Investments—other securities | $78,166,832 |
| Investments—program-related | $2,051,951 |
| Intangible assets | $0 |
| Other assets | $4,256,700 |
| Total assets | $506,736,315 |
| Accounts payable and accrued expenses | $23,807,987 |
| Grants payable | $0 |
| Deferred revenue | $15,275,503 |
| Tax-exempt bond liabilities | $103,485,520 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,344,856 |
| Total liabilities | $160,913,866 |
| Net assets without donor restrictions | $296,728,465 |
| Net assets with donor restrictions | $49,093,984 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $506,736,315 |
Bryant University Grants Recieved
Over the last fiscal year, we have identified 20 grants that Bryant University has recieved totaling $731,860.
| Awarding Organization | Amount |
|---|---|
The Papitto Foundation Hope, RI PURPOSE: GENERAL FUND | $400,000 |
John W And Jeanne M Rowe Foundation Albany, NY PURPOSE: GENERAL PURPOSES OF ORGANIZATION | $250,000 |
Riblet Foundation Trust Melvin Village, NH PURPOSE: GENERAL | $65,000 |
Mary T Lane Foundation Boston, MA PURPOSE: SCHOLARSHIP | $11,000 |
Mann Family Foundation Providence, RI PURPOSE: CHARITABLE | $1,000 |
Mann Family Foundation Providence, RI PURPOSE: CHARITABLE | $1,000 |
Endowment Analysis
| Beg. Balance | $184,035,866 |
| Earnings | $4,042,923 |
| Net Contributions | $2,950,479 |
| Other Expense | $6,013,834 |
| Grants | $2,585,566 |
| Ending Balance | $182,429,868 |
Bryant University Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bentley University Waltham, MA | $681,081,992 | $316,624,866 |
Mcphs University Boston, MA | $1,486,480,487 | $345,361,919 |
Bryant University Smithfield, RI | $506,736,315 | $218,647,857 |
Rhode Island School Of Design Providence, RI | $684,859,205 | $216,882,419 |
New England Law Boston Boston, MA | $108,370,694 | $37,116,199 |
Gordon Conwell Theological Seminary Inc South Hamilton, MA | $105,742,283 | $36,912,582 |
Boston Architectural College Boston, MA | $35,421,404 | $18,305,462 |
Massachusetts School Of Law At Andover Andover, MA | $8,996,547 | $5,961,017 |
Hartford Seminary Hartford, CT | $60,859,478 | $5,209,809 |
High Meadows Graduate School Of Teaching And Learning Inc Cambridge, MA | $3,183,489 | $3,059,711 |
Berkeley Divinity School New Haven, CT | $55,639,236 | $4,912,560 |
Nicsa Inc Boston, MA | $990,191 | $2,801,802 |
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