Johnson & Wales University
- Assets
- $913.5m
- Revenue
- $403.3m
- Investments
- $194.5m
- Employees
- 5,278
- Location
- Providence, RI
- Founding
- 11/1965
- Data as of
- 06/2020
- EIN
- 05-0306206
Organization Overview
Johnson & Wales University is located in Providence, RI. The organization was established in 1965. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2020, Johnson & Wales University employed 5,278 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, Johnson & Wales University generated $403.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $428.9m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Johnson & Wales University has awarded 41 individual grants totaling $915,677. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FY 2020, JWU ENROLLMENT AT ITS 4 CAMPUSES (PROVIDENCE, RI; N. MIAMI, FL; DENVER, CO; CHARLOTTE, NC) AND ONLINE LEARNING PROGRAM TOTALED 12,215 STUDENTS.(10,911 UNDERGRADS AND 1,304 GRAD) JWU AWARDED 3,611 DEGREES INCLUDING 705 ASSOCIATE'S, 2,336 BACHELOR'S,533 GRADUATE, 14 DOCTORAL, AND 23 CERTIFICATES. JWU EMPLOYED 451 FT AND 371 PT FACULTY THROUGHOUT ITS COLLEGE OF CULINARY ARTS,COLLEGE OF BUSINESS,COLLEGE OF HOSPITALITY MGT, COLLEGE OF ARTS & SCIENCE, COLLEGE OF ENGINEERING & DESIGN,COLLEGE OF HEALTH AND WELLNESS AND COLLEGE OF ONLINE. 1,437 STUDENTS PARTICIPATED IN INTERNSHIPS; 29% WERE FIRST GENERATION COLLEGE STUDENTS OF THOSE WHO REPORTED THEIR PARENTS'EDUCATION. 97% RECEIVED INSTITUTIONAL AID, WITH AN AVERAGE AID OF $16,511 PER STUDENT. INSTITUTIONAL SCHOLARSHIPS EXCEEDED $140 MILLION.
IN FY 2020, JWU ENROLLMENT AT ITS 4 CAMPUSES (PROVIDENCE, RI; N. MIAMI, FL; DENVER, CO; CHARLOTTE, NC) AND ONLINE LEARNING PROGRAM TOTALED 12,215 STUDENTS.(10,911 UNDERGRADS AND 1,304 GRAD) JWU AWARDED 3,611 DEGREES INCLUDING 705 ASSOCIATE'S, 2,336 BACHELOR'S,533 GRADUATE, 14 DOCTORAL, AND 23 CERTIFICATES. JWU EMPLOYED 451 FT AND 371 PT FACULTY THROUGHOUT ITS COLLEGE OF CULINARY ARTS,COLLEGE OF BUSINESS,COLLEGE OF HOSPITALITY MGT, COLLEGE OF ARTS & SCIENCE, COLLEGE OF ENGINEERING & DESIGN,COLLEGE OF HEALTH AND WELLNESS AND COLLEGE OF ONLINE. 1,437 STUDENTS PARTICIPATED IN INTERNSHIPS; 29% WERE FIRST GENERATION COLLEGE STUDENTS OF THOSE WHO REPORTED THEIR PARENTS'EDUCATION. 97% RECEIVED INSTITUTIONAL AID, WITH AN AVERAGE AID OF $16,511 PER STUDENT. INSTITUTIONAL SCHOLARSHIPS EXCEEDED $140 MILLION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Minnie L Runey Chancellor, President & CEO | OfficerTrustee | 45 | $627,744 |
Joseph J Greene Jr Teasurer, Vice Chancellor | Officer | 45 | $292,469 |
Marie F Bernardo-Sousa President, Providence Campus | Officer | 45 | $279,009 |
Billye Auclair Provost | Officer | 45 | $259,869 |
Luba Shur General Counsel | Officer | 45 | $248,024 |
Lily S Hsu Provost | 45 | $239,160 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cisco Systems Capital It Services | 6/29/20 | $1,742,645 |
Sodexho Inc Management Services | 6/29/20 | $2,204,076 |
Pariseault Builders Inc Construction Services | 6/29/20 | $2,700,409 |
Cisco Systems Capital It Services | 6/29/20 | $1,742,645 |
Google Inc Advertising Services | 6/29/20 | $1,825,163 |
One Sixty Over Ninety Llc Consulting Services | 6/29/20 | $1,625,050 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $6,670 |
| Membership dues | $0 |
| Fundraising events | $77,080 |
| Related organizations | $0 |
| Government grants | $13,009,946 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,733,459 |
| Noncash contributions included in lines 1a–1f | $548,313 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,827,155 |
| Total Program Service Revenue | $373,152,895 |
| Investment income | $3,085,895 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,090,677 |
| Net Gain/Loss on Asset Sales | $5,777,400 |
| Net Income from Fundraising Events | -$9,013 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $403,272,641 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $45,471 |
| Grants and other assistance to domestic individuals. | $140,312,899 |
| Grants and other assistance to Foreign Orgs/Individuals | $560,241 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,901,294 |
| Compensation of current officers, directors, key employees. | $3,674,194 |
| Compensation to disqualified persons | $343,400 |
| Other salaries and wages | $120,294,430 |
| Pension plan accruals and contributions | $10,344,193 |
| Other employee benefits | $17,165,284 |
| Payroll taxes | $8,466,321 |
| Fees for services: Management | $273,278 |
| Fees for services: Legal | $305,109 |
| Fees for services: Accounting | $204,216 |
| Fees for services: Lobbying | $150,000 |
| Fees for services: Fundraising | $768,255 |
| Fees for services: Investment Management | $648,786 |
| Fees for services: Other | $7,279,489 |
| Advertising and promotion | $6,500,450 |
| Office expenses | $8,530,839 |
| Information technology | $5,162,724 |
| Royalties | $287,344 |
| Occupancy | $21,689,844 |
| Travel | $4,562,394 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,742,700 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,489,494 |
| Insurance | $2,991,356 |
| All other expenses | $8,064,013 |
| Total functional expenses | $428,911,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,124 |
| Savings and temporary cash investments | $13,986,237 |
| Pledges and grants receivable | $5,481,820 |
| Accounts receivable, net | $12,693,196 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $22,423,914 |
| Inventories for sale or use | $1,601,862 |
| Prepaid expenses and deferred charges | $9,940,680 |
| Net Land, buildings, and equipment | $583,655,106 |
| Investments—publicly traded securities | $69,225,027 |
| Investments—other securities | $194,504,031 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $913,541,997 |
| Accounts payable and accrued expenses | $34,564,992 |
| Grants payable | $0 |
| Deferred revenue | $17,945,614 |
| Tax-exempt bond liabilities | $131,345,835 |
| Escrow or custodial account liability | $596,906 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $624,525 |
| Unsecured mortgages and notes payable | $5,837,627 |
| Other liabilities | $4,032,702 |
| Total liabilities | $194,948,201 |
| Net assets without donor restrictions | $678,010,717 |
| Net assets with donor restrictions | $40,583,079 |
| 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 | $913,541,997 |
Grants Awarded
Over the last fiscal year, Johnson & Wales University has awarded $72,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Providence, RI PURPOSE: DONOR-ADVISED PHILANTROPHY FUND TO ASSIST VARIOUS NON-PROFIT ORGANIZATIONS IN RI | $25,000 |
Providence, RI PURPOSE: DONOR-ADVISED PHILANTROPHY FUND TO ASSIST VARIOUS NON-PROFIT ORGANIZATIONS IN RI | $25,000 |
Tallahassee, FL PURPOSE: SUPPORT ASSOCIATION MISSION TO PROTECT, EDUCATE AND PROMOTE THE HOSPITALITY INDUSTRY | $11,000 |
Tallahassee, FL PURPOSE: SUPPORT ASSOCIATION MISSION TO PROTECT, EDUCATE AND PROMOTE THE HOSPITALITY INDUSTRY | $11,000 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Johnson & Wales University has recieved totaling $86,343.
| Awarding Organization | Amount |
|---|---|
Denver Metro Convention & Visitors Bureau Foundation Denver, CO PURPOSE: Scholarships | $20,700 |
Washington Trust Charitable Foundation Westerly, RI PURPOSE: GENERAL | $15,000 |
Greater Norwich Foundation Norwich, NY PURPOSE: SCHOLARSHIP | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,268 |
El Pomar Foundation Colorado Springs, CO PURPOSE: LEADERSHIP DEVELOPMENT IN COLORADO | $6,000 |
El Pomar Foundation Colorado Springs, CO PURPOSE: LEADERSHIP DEVELOPMENT IN COLORADO | $6,000 |
Endowment Analysis
| Beg. Balance | $243,334,577 |
| Earnings | $4,263,142 |
| Net Contributions | $303,700 |
| Grants | $36,263,436 |
| Ending Balance | $211,637,983 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brandeis University Waltham, MA | $1,638,021,472 | $457,392,877 |
Quinnipiac University Hamden, CT | $1,589,887,299 | $499,698,237 |
Johnson & Wales University Providence, RI | $913,541,997 | $403,272,641 |
Worcester Polytechnic Institute Worcester, MA | $1,164,375,963 | $384,496,935 |
Suffolk University Boston, MA | $761,945,804 | $330,486,660 |
Trustees Of The Smith College Northampton, MA | $2,711,572,123 | $394,570,320 |
Sacred Heart University Fairfield, CT | $899,337,453 | $378,358,523 |
Fairfield University Fairfield, CT | $941,659,821 | $361,744,489 |
University Of New Haven West Haven, CT | $400,134,913 | $291,985,104 |
University Of Hartford West Hartford, CT | $419,406,133 | $278,735,300 |
Simmons University Boston, MA | $504,770,000 | $234,956,189 |
Roger Williams University Bristol, RI | $273,380,421 | $203,415,186 |