Bryant University
- Assets
- $549.2m
- Revenue
- $236.0m
- Investments
- $108.9m
- Employees
- 1,945
- Location
- Smithfield, RI
- Founding
- 10/1950
- Data as of
- 06/2021
- EIN
- 05-0258810
Organization 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 06/2022, Bryant University employed 1,945 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bryant 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 06/2021, Bryant University generated $236.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $225.4m during the year ending 06/2021. While expenses have increased by 2.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BRYANT UNIVERSITY'S 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
BRYANT UNIVERSITY OFFERS UNDERGRADUATE AND GRADUATE DEGREES, GRADUATE CERTIFICATES, AND EXECUTIVE EDUCATION PROGRAMS. THE FTE FOR THE UNDERGRADUATE PROGRAM IN SMITHFIELD, RI WAS 3,455 AND THE GRADUATE PROGRAM WAS 264. WITHIN THE UNDERGRADUATE PROGRAM THERE ARE TWO SCHOOLS, THE COLLEGE OF ARTS AND SCIENCES AND THE COLLEGE OF BUSINESS. THE COLLEGE OF ARTS AND SCIENCES OFFERS A WIDE RANGE OF STUDY IN THE HUMANITIES, SOCIAL SCIENCES, MATHEMATICS, AND THE NATURAL SCIENCES. THE COLLEGE OF BUSINESS'S IMPRESSIVE ARRAY OF BUSINESS SPECIALTIES OFFERS STUDENTS THE DEPTH AND BREADTH OF A LARGE, PREMIER BUSINESS SCHOOL COMBINED WITH THE INDIVIDUAL ATTENTION THAT IS A BRYANT HALLMARK. THE GRADUATE SCHOOL OF BUSINESS IS PART OF THE COLLEGE OF BUSINESS AT BRYANT, WHICH IS ONE OF ONLY 5% OF ALL BUSINESS PROGRAMS IN THE WORLD ACCREDITED BY AACSB INTERNATIONAL - THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS. THE GRADUATE SCHOOL OF HEALTH SCIENCES OFFERS A PHYSICIAN ASSISTANT STUDIES PROGRAM OFFERING EXCEPTIONAL MEDICAL EDUCATION AND HANDS-ON TRAINING. IN ADDITION, BRYANT ALSO OFFERS EDUCATIONAL OPPORTUNITIES THROUGH THE EXECUTIVE DEVELOPMENT CENTER. THE EXECUTIVE DEVELOPMENT CENTER OFFERS PROFESSIONAL CERTIFICATE PROGRAMS THAT PROVIDE HIGH-LEVEL MANAGEMENT SKILLS IN CRITICAL BUSINESS AREAS FOR EXECUTIVES, HIGH-POTENTIAL, CAREER ASPIRING INDIVIDUALS, AND GROWTH-FOCUSED CORPORATIONS.
APPROXIMATELY 80% OF THE STUDENTS RESIDE ON CAMPUS IN THE RESIDENCE HALLS AND TOWNHOUSES. LIVING OPTIONS AT THE UNIVERSITY ARE DESIGNED TO FOSTER A GRADUAL INCREASE OF INDEPENDENT LIFESTYLE AND INDIVIDUAL RESPONSIBILITY. FIRST-YEAR STUDENTS HAVE THE OPPORTUNITY TO ESTABLISH RELATIONSHIPS WITH LARGE NUMBERS OF CLASSMATES IN A MORE TRADITIONAL SETTING. SOPHOMORES AND JUNIORS EXPERIMENT WITH SMALL-GROUP LIVING WHILE EATING IN COMMON AREAS WITH ALL RESIDENT STUDENTS. MOST SENIORS LIVE INDEPENDENTLY IN TOWNHOUSE UNITS WITH FULL RESPONSIBILITY FOR THEIR COOKING, CLEANING, ETC. ALL LIVING AREAS INCLUDE TELEPHONE, CABLE, AND COMPUTER ACCESS. ALL STUDENTS WHO LIVE ON CAMPUS, EXCEPT FOR THOSE IN THE TOWNHOUSES, ARE REQUIRED TO PARTICIPATE IN A MEAL PLAN. BRYANT OFFERS A NUMBER OF PLANS TO PROVIDE STUDENTS FLEXIBLE OPTIONS FOR ON-CAMPUS DINING AT SEVERAL LOCATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ross J Gittell President | Officer | 50 | $592,496 |
Barry F Morrison VP For Business Affairs And Treasurer | Officer | 50 | $459,723 |
William Smith Director Of Athletics | 50 | $311,630 | |
Charles F Locurto VP For Information Services/cio | Officer | 50 | $363,260 |
Michael J Pressler Head Men's Lacrosse Coach | 50 | $375,440 | |
David C Wegrzyn VP For University Advancement | Officer | 50 | $333,508 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Food Service | 6/29/22 | $12,707,077 |
Bond Bros Inc Construction | 6/29/22 | $2,531,765 |
451 Marketing Llc Marketing | 6/29/22 | $1,061,600 |
New England Construction Co Inc Construction | 6/29/22 | $756,326 |
Suffolk Construction Company Inc Construction | 6/29/22 | $737,852 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,295,196 |
| Investment income | $364,496 |
| Tax Exempt Bond Proceeds | $8,408 |
| Royalties | $332,433 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,264,588 |
| Net Income from Fundraising Events | -$36,979 |
| Net Income from Gaming Activities | $11,484 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $235,977,712 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $65,405,169 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,627,746 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,052,414 |
| Compensation to disqualified persons | $43,721 |
| Other salaries and wages | $64,837,859 |
| Pension plan accruals and contributions | $4,339,726 |
| Other employee benefits | $12,877,927 |
| Payroll taxes | $4,669,601 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $170,193 |
| Fees for services: Accounting | $261,990 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $32,344 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,230,733 |
| Advertising and promotion | $2,764,127 |
| Office expenses | $1,345,788 |
| Information technology | $4,112,429 |
| Royalties | $0 |
| Occupancy | $4,343,609 |
| Travel | $740,703 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $331,583 |
| Interest | $3,904,312 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,830,100 |
| Insurance | $1,581,732 |
| All other expenses | $0 |
| Total functional expenses | $225,432,018 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,117,386 |
| Savings and temporary cash investments | $54,054,037 |
| Pledges and grants receivable | $5,114,452 |
| Accounts receivable, net | $3,187,175 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,981,944 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,074,463 |
| Investments—publicly traded securities | $134,527,301 |
| Investments—other securities | $108,855,588 |
| Investments—program-related | $2,665,140 |
| Intangible assets | $0 |
| Other assets | $779 |
| Total assets | $549,191,439 |
| Accounts payable and accrued expenses | $27,489,147 |
| Grants payable | $0 |
| Deferred revenue | $9,479,852 |
| Tax-exempt bond liabilities | $99,110,378 |
| 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 | $14,573,031 |
| Total liabilities | $150,652,408 |
| 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 | $398,539,031 |