Brown University Of Providence
- Assets
- $9.2b
- Revenue
- $1.8b
- Investments
- $5.6b
- Employees
- 11,804
- Location
- Providence, RI
- Founding
- 06/1971
- Data as of
- 06/2022
- EIN
- 05-0258809
Organization Overview
Brown University Of Providence is located in Providence, RI. The organization was established in 1971. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Brown University Of Providence employed 11,804 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brown University Of Providence 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 06/2022, Brown University Of Providence generated $1.8b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $1.4b during the year ending 06/2022. While expenses have increased by 4.7% per year over the past 7 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.
Since 2016, Brown University Of Providence has awarded 1,022 individual grants totaling $191,265,732. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
INSTRUCTION/ENROLLMENT. (SEE SCHEDULE O)
STUDENT AID, FELLOWSHIPS AND SCHOLARSHIPS. (SEE SCHEDULE O)
AUXILIARY SERVICES / ACTIVITIES INCLUDES THE OPERATION OF THE DORMITORIES, DINING SERVICES, HEALTH SERVICES, THE BOOKSTORE, ETC. THESE SERVICES ACCOMMODATE STUDENTS, FACULTY AND STAFF BY SUPPORTING ACADEMIC & CULTURAL ENRICHMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Dietze VP & Chief Investment Officer | Officer | 40 | $2,937,762 |
Christina Paxson President/fellow | OfficerTrustee | 40 | $1,920,820 |
Joshua T Kennedy Managing Director | 40 | $1,173,950 | |
Jack Elias Sr VP For Health Affairs | Officer | 40 | $978,970 |
Sergio Gonzalez SVP For Advancement | Officer | 40 | $941,216 |
Peter Levine Managing Director | 40 | $923,765 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Shawmut Design Construction Construction | 6/29/22 | $71,435,974 |
Verily Life Sciences Llc Health Services | 6/29/22 | $28,564,410 |
Compass Group Usa Inc Bon Appeti Food Services | 6/29/22 | $7,986,362 |
Gilbane Building Company Construction | 6/29/22 | $7,346,623 |
Nextsource Inc Contract Staffing | 6/29/22 | $4,056,759 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,408,183 |
| Membership dues | $0 |
| Fundraising events | $195,939 |
| Related organizations | $0 |
| Government grants | $263,045,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $343,949,559 |
| Noncash contributions included in lines 1a–1f | $40,111,800 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $608,598,931 |
| Total Program Service Revenue | $795,988,979 |
| Investment income | -$158,979,342 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,870,168 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $542,444,842 |
| Net Income from Fundraising Events | -$2,085 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,790,921,493 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $42,089,491 |
| Grants and other assistance to domestic individuals. | $312,897,428 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,302,481 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,915,583 |
| Compensation of current officers, directors, key employees. | $4,739,660 |
| Compensation to disqualified persons | $401,791 |
| Other salaries and wages | $471,135,360 |
| Pension plan accruals and contributions | $32,700,724 |
| Other employee benefits | $56,892,230 |
| Payroll taxes | $32,398,157 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,358,525 |
| Fees for services: Accounting | $548,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,622,692 |
| Fees for services: Other | $134,979,982 |
| Advertising and promotion | $15,499,423 |
| Office expenses | $53,955,472 |
| Information technology | $31,535,735 |
| Royalties | $0 |
| Occupancy | $54,655,843 |
| Travel | $15,247,454 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,456,512 |
| Interest | $25,215,514 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,314,054 |
| Insurance | $21,509,111 |
| All other expenses | $8,436,739 |
| Total functional expenses | $1,416,794,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $450,842,048 |
| Savings and temporary cash investments | $343,012,441 |
| Pledges and grants receivable | $403,490,189 |
| Accounts receivable, net | $12,775,326 |
| Loans from Officers, Directors, or Controlling Persons | $100,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $13,752,136 |
| Inventories for sale or use | $4,284,084 |
| Prepaid expenses and deferred charges | $10,372,711 |
| Net Land, buildings, and equipment | $1,460,548,267 |
| Investments—publicly traded securities | $814,457,941 |
| Investments—other securities | $5,635,342,009 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $91,603,878 |
| Total assets | $9,240,581,030 |
| Accounts payable and accrued expenses | $134,032,672 |
| Grants payable | $0 |
| Deferred revenue | $104,669,491 |
| Tax-exempt bond liabilities | $534,718,474 |
| Escrow or custodial account liability | $4,852,318 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $740,207,923 |
| Other liabilities | $215,922,587 |
| Total liabilities | $1,734,403,465 |
| Net assets without donor restrictions | $1,479,029,612 |
| Net assets with donor restrictions | $6,027,147,953 |
| 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 | $9,240,581,030 |
Grants Awarded
Over the last fiscal year, Brown University Of Providence has awarded $42,095,666 in support to 191 organizations.
| Grant Recipient | Amount |
|---|---|
21ST CENTURY PARTNERSHIP FOR STEM EDUCATION PURPOSE: Subcontract Grant Award | $30,766 |
ACUMEN LLC PURPOSE: Subcontract Grant Award | $204,474 |
ACHIEVEMENT NETWORK LTD THE PURPOSE: Subcontract Grant Award | $49,000 |
ADCARE EDUCATIONAL INSTITUTE INC PURPOSE: Subcontract Grant Award | $74,999 |
AMERICAN HEALTH CARE ASSOCIATION PURPOSE: Subcontract Grant Award | $399,299 |
AUBURN UNIVERSITY PURPOSE: Subcontract Grant Award | $65,267 |