Johnson & Wales University
- Assets
- $913.5m
- Revenue
- $403.3m
- Investments
- $194.5m
- Employees
- 4,430
- 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 06/2021, Johnson & Wales University employed 4,430 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Johnson & Wales University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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 6 years, the organization has seen revenues fall by an average of (3.0%) 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 (2.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Johnson & Wales University has awarded 48 individual grants totaling $1,033,354. 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 2021, JWU ENROLLMENT AT ITS 4 CAMPUSES (PROVIDENCE, RI; N. MIAMI, FL; DENVER, CO; CHARLOTTE, NC) AND ONLINE LEARNING PROGRAM TOTALED 10,320 STUDENTS (8,886 UNDERGRADS AND 1,434 GRAD). JWU AWARDED 3,169 DEGREES INCLUDING 742 ASSOCIATE'S, 1,829 BACHELOR'S, 565 GRADUATE, 15 DOCTORAL, AND 18 CERTIFICATES. JWU EMPLOYED 424 FT AND 431 PT FACULTY THROUGHOUT ITS COLLEGES OF ART & SCIENCES, COLLEGE OF BUSINESS, COLLEGE OF ENGINEERING & DESIGN, COLLEGE OF FOOD INNOVATION & TECHNOLOGY, COLLEGE OF HOSPITALITY MANAGEMENT, AND COLLEGE OF ONLINE EDUCATION. 35% 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 $17,428 PER STUDENT. INSTITUTIONAL SCHOLARSHIPS EXCEEDED $129 MILLION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Minnie L Runey Chancellor, President & CEO | OfficerTrustee | 45 | $707,250 |
Joseph J Greene Jr Teasurer, Vice Chancellor | Officer | 45 | $340,201 |
Marie F Bernardo-Sousa President, Providence Campus | Officer | 45 | $313,160 |
Billye Auclair Provost | Officer | 45 | $299,964 |
Luba Shur General Counsel | Officer | 45 | $276,579 |
Larry Rice President, N. Miami Campus | Officer | 45 | $264,939 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Education Dynamics Llc Marketing & Enrollment Growth | 6/29/21 | $880,432 |
Google Inc Advertising Services | 6/29/21 | $1,974,329 |
One Sixty Over Ninety Llc Consulting Services | 6/29/21 | $1,131,657 |
Abm Janitorial Services | 6/29/21 | $1,894,527 |
Sodexho Inc Management Services | 6/29/21 | $2,243,566 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,827,155 |
| 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 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 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 | $0 |
| 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 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $718,593,796 |
Grants Awarded
Over the last fiscal year, Johnson & Wales University has awarded $81,677 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Denver, CO PURPOSE: SUPPORT ORGANIZATION - FOOD FOR THE HUNGRY | $46,043 |
Tallahassee, FL PURPOSE: SUPPORT ASSOCIATION - TO PROVIDE TRAINING AND ATHLETIC COMPETITION TO PEOPLE WITH DISABILITIES | $14,513 |
Denver, CO PURPOSE: SUPPORT ASSOCIATION - TO PROMOTE RESTAURANT BUSINESSES AND HELP THEM THRIVE | $7,360 |
DENVER INNOCENCE PROJECT PURPOSE: SUPPORT ASSOCIATION - TO FREE INNOCENT INCARCERATED PEOPLE AND SYSTEM REFORM | $7,360 |
Miami, FL PURPOSE: SUPPORT ORGANIZATION - ASSIST IN IMPROVING QUALITY OF LIFE TO MIAMI COMMUNITY | $6,401 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Johnson & Wales University has recieved totaling $850.
| Awarding Organization | Amount |
|---|---|
William Searls Scholarship Foundation Damariscotta, ME PURPOSE: SCHOLARSHIP | $850 |
Endowment Analysis
| Beg. Balance | $211,637,983 |
| Earnings | $68,453,219 |
| Net Contributions | $51,398,237 |
| Grants | $12,787,000 |
| Ending Balance | $318,702,439 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Quinnipiac University Hamden, CT | $1,807,258,104 | $531,949,834 |
Brandeis University Waltham, MA | $1,811,655,582 | $399,602,478 |
Johnson & Wales University Providence, RI | $913,541,997 | $403,272,641 |
Worcester Polytechnic Institute Worcester, MA | $1,164,375,963 | $384,496,935 |
Sacred Heart University Fairfield, CT | $1,111,844,397 | $421,283,865 |
Suffolk University Boston, MA | $875,177,190 | $328,281,555 |
Fairfield University Fairfield, CT | $941,659,821 | $361,744,489 |
University Of New Haven West Haven, CT | $439,200,046 | $316,134,084 |
Trustees Of The Smith College Northampton, MA | $3,541,477,640 | $481,505,110 |
University Of Hartford West Hartford, CT | $471,525,353 | $291,863,480 |
Simmons University Boston, MA | $504,770,000 | $234,956,189 |
Roger Williams University Bristol, RI | $273,380,421 | $203,415,186 |