Johnson & Wales University

Tax-deductible

Providence, RI501(c)(3)Since 1914Colleges & UniversitiesEIN 05-0306206Revenue $342.4M in FY2025

On file with the IRSjwu.edu8 Abbott Park Pl, 02903-3703 · Providence, RITax-exempt since Nov 1965School — 170(b)(1)(A)(ii)

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The mission of Johnson & Wales University (jwu) is to provide an exceptional education that inspires professional success and lifelong personal and intellectual growth.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Run by 27 volunteers and 3,353 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $21.5M a year · 6% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$5.5M
to officers and key staff · 1% of spending
Top officer’s pay higher than 69% of similar orgs
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $27K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$89.8M
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$342.4M
+9% vs prior year
Spent
$373.4M
To programs
91%
Net assets
$683.8M
By yearFY2020–FY2025
Revenue
$342.4M
FY2025▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$403.3M
FY2021$342.3M
FY2022$366.4M
FY2023$342.6M
FY2024$313.3M
FY2025$342.4M
Expenses
$373.4M
FY2025▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$428.9M
FY2021$400.7M
FY2022$346.1M
FY2023$334.3M
FY2024$355.8M
FY2025$373.4M
Net assets
$683.8M
FY2025▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$718.6M
FY2021$734.6M
FY2022$696.2M
FY2023$714.6M
FY2024$695.6M
FY2025$683.8M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1965.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $338.7M Management & general 8% · $31.5M Fundraising 1% · $3.3M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

33 people listed on the 990; $5.5M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Chancellor, President & CEO
$865,364Pt VII · Sec A
Vice Chancellor
$424,569Pt VII · Sec A
$365,935Pt VII · Sec A
General Counsel, VP
$338,327Pt VII · Sec A
President Providence Campus
$312,993Pt VII · Sec A
President Charlotte Campus
$286,848Pt VII · Sec A
VP of Human Services
$281,871Pt VII · Sec A
VP Undergrad Enrollment Management
$277,325Pt VII · Sec A

Minnie L Runey’s $865K as Chancellor, President & CEO is at the 69th percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Minnie L Runey$865,364$834,099$793,984$768,066$707,250$627,744
Joseph J Greene JR$424,569$416,600$376,502$352,878$340,201$292,469
Larry Rice President———$378,760——
Richard a Wiscott$365,935$326,393$298,624$230,094$231,850$202,855
Sandra M Affenito—$343,875$353,258———
Luba Shur$338,327$333,867$309,127$278,992$276,579$248,024
Marie F Bernardo-Sousa$312,993$323,550$314,983$304,698$313,160$279,009
Billye Auclair————$299,964$259,869

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates over 8,000 undergraduate and graduate students across diverse fields, awarding degrees and certificates from associate to doctoral levels.

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1 program · $338.7M · in their own filed words · FY2024
01

In fy 2025, jwu enrollment at its campuses in providence, ri, and charlotte, NC, and online learning program totaled 8,332 students (7,307 undergrads and 1,025 grad) jwu awarded 2,068 degrees including 379 associate's, 1,192 bachelor's, 372 graduate, 59 doctoral, and 66 certificates.

$338.7Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 3 funders$27K
See all 3 funders →
Grants paid · 14 grants · $568.6M · 2019–2024
Unitemized GrantFY2024$118,638,837
Unitemized GrantFY2023$108,886,480
Sports Biz Cares LtdNC · FY2023$6,000
Unitemized GrantFY2022$102,414,732
Unitemized GrantFY2021$109,392,872
Unitemized GrantFY2020$129,154,597
Denver Innocence ProjectFY2020$7,360
United Way Miami INCFL · FY2020$6,401

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$342.4M
Ln 12
Fees for servicesLn 2g$303.7M
Investment incomeLn 3$29.7M
Other incomeLn 4–11$4.5M
Money outPt IX
$373.4M
Ln 25
Programscol B$338.7M
Managementcol C$31.5M
Fundraisingcol D$3.3M
Owns and owesPt X
$683.8M
net assets · Ln 32
Cash and savingsLn 1–2$4.7M
Total assetsLn 16$773.6M
LiabilitiesLn 26$89.8M
PeoplePt VI, VII
33
listed · VII A
PaidVII A19
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.4M
Government grantsLn 1e$2.5M
Noncash giftsLn 1g$609K
Fundraising eventsLn 1c$92K
Fees for servicesLn 2g$303.7M
Investment incomeLn 3$29.7M
Other incomeLn 4–11$4.5M
Gains on assetsLn 7$24.9M
Total revenueLn 12$342.4M
Assets in detailPt X, end of year
CashLn 1$17K
SavingsLn 2$4.6M
Cash and savings togetherLn 1–2$4.7M
InvestmentsLn 11–13$385.6M
Land, buildings, equipmentLn 10c$353.7M
Other assetsLn 15$2.8M
Total assetsLn 16$773.6M
LiabilitiesLn 26$89.8M
Net assetsLn 32$683.8M
OperationsPt I, VI
EmployeesI 53,353
VolunteersI 627
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$18.0M$4.7M
InvestmentsLn 11–13$365.4M$385.6M
Land, buildings, equipmentLn 10c$366.5M$353.7M
Total assetsLn 16$784.7M$773.6M
LiabilitiesLn 26$89.0M$89.8M
Net assetsLn 32$695.6M$683.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$44K$44K
Grants to domestic individualsLn 2$118.6M$118.6M
Grants and assistance to foreign recipientsLn 3$1.7M$1.7M
Pay of current officers, directors and key staffLn 5$5.1M$4.8M$296K
Pay of disqualified personsLn 6$272K$272K
Other salaries and wagesLn 7$116.2M$103.2M$11.8M$1.2M
Pension plan contributionsLn 8$9.1M$8.0M$1.0M$80K
Other employee benefitsLn 9$15.6M$13.8M$1.6M$159K
Payroll taxesLn 10$8.3M$7.2M$1.0M$65K
Management feesLn 11a$290K$290K
Legal feesLn 11b$116K$116K
Accounting feesLn 11c$170K$170K
Lobbying feesLn 11d$142K$142K
Professional fundraising feesLn 11e$637K$637K
Investment management feesLn 11f$2.0M$2.0M
Other fees for servicesLn 11g$7.0M$5.1M$1.8M$125K
Advertising and promotionLn 12$11.8M$10.4M$1.4M$69K
Office expensesLn 13$2.5M$1.7M$835K$32K
Information technologyLn 14$7.7M$5.7M$1.7M$185K
RoyaltiesLn 15$170K$170K
OccupancyLn 16$17.0M$15.5M$1.4M$117K
TravelLn 17$3.6M$3.4M$171K$70K
InterestLn 20$1.0M$930K$82K$7K
Depreciation, depletion and amortizationLn 22$23.1M$22.5M$352K$243K
InsuranceLn 23$4.8M$4.7M$125K$2K
Other expenses (24a–d)Ln 24$13.6M$13.4M$278K$2K
All other expensesLn 24e$2.8M$2.2M$513K$29K
Total functional expensesLn 25$373.4M$338.7M$31.5M$3.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $342.4M$373.4M−$31.1M$683.8M 990 PDF
FY2024 $313.3M$355.8M−$42.5M$695.6M 990 PDF
FY2023 $342.6M$334.3M$8.3M$714.6M 990 PDF
FY2022 $366.4M$346.1M$20.3M$696.2M 990 PDF
FY2021 $342.3M$400.7M−$58.4M$734.6M 990 PDF
FY2020 $403.3M$428.9M−$25.6M$718.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $342,378,728 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,346,378$4,445,783
I-9 Program service revenuePrior year $292,684,476$303,719,382
I-10 Investment incomePrior year $11,681,186$29,740,084
I-11 Other revenuePrior year $3,591,608$4,473,479
I-12 Total revenuePrior year $313,303,648$342,378,728
I-13 Grants and similar amounts paidPrior year $110,104,168$120,399,305
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $147,616,274$154,597,004
I-16a Professional fundraising feesPrior year $511,545$637,331
I-17 Other expensesPrior year $97,526,784$97,805,159
I-18 Total expensesPrior year $355,758,771$373,438,799
I-19 Revenue less expensesPrior year −$42,455,123−$31,060,071
Part VI · Governance 9 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $342,378,728 across 13 lines filed
Lines not itemized here account for $591,531 of total revenue; see the IRS return.
VIII-1a Federated campaigns$2,566
VIII-1c Fundraising events$91,860
VIII-1e Government grants$2,479,095
VIII-1f All other contributions, gifts and grants$1,872,262
VIII-1g Noncash contributions (included above)$609,433
VIII-1h Total contributions, gifts and grants$4,445,783
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $303,655,765$303,655,765
VIII-3 Investment incomeUnrelated business −$42,533 · Excluded from tax $4,867,278$4,824,745
VIII-6 Net rental income or lossUnrelated business $1,013,972 · Excluded from tax $946,057$1,960,029
VIII-7 Net gain or loss on sales of assetsUnrelated business $58,132 · Excluded from tax $24,857,207$24,915,339
VIII-8 Net income from fundraising eventsExcluded from tax −$143,847−$143,847
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $685,781 · Unrelated business $541,891 · Excluded from tax $901,711$2,129,383
VIII-12 Total revenueRelated to mission $304,735,666 · Unrelated business $1,683,247 · Excluded from tax $31,514,032$342,378,728
Part IX · Statement of functional expenses $373,438,799 across 27 lines filed
IX-1 Grants to domestic organizationsPrograms $44,150$44,150
IX-2 Grants to domestic individualsPrograms $118,638,837$118,638,837
IX-3 Grants and assistance to foreign recipientsPrograms $1,716,318$1,716,318
IX-5 Pay of current officers, directors and key staffManagement $4,819,641 · Fundraising $296,351$5,115,992
IX-6 Pay of disqualified personsPrograms $272,457$272,457
IX-7 Other salaries and wagesPrograms $103,232,611 · Management $11,809,299 · Fundraising $1,170,883$116,212,793
IX-8 Pension plan contributionsPrograms $7,979,608 · Management $1,026,691 · Fundraising $80,355$9,086,654
IX-9 Other employee benefitsPrograms $13,824,650 · Management $1,643,052 · Fundraising $159,469$15,627,171
IX-10 Payroll taxesPrograms $7,177,779 · Management $1,038,676 · Fundraising $65,482$8,281,937
IX-11a Management feesManagement $289,627$289,627
IX-11b Legal feesManagement $116,356$116,356
IX-11c Accounting feesManagement $169,666$169,666
IX-11d Lobbying feesPrograms $142,006$142,006
IX-11e Professional fundraising feesFundraising $637,331$637,331
IX-11f Investment management feesManagement $1,955,875$1,955,875
IX-11g Other fees for servicesPrograms $5,104,335 · Management $1,751,294 · Fundraising $125,136$6,980,765
IX-12 Advertising and promotionPrograms $10,374,027 · Management $1,398,041 · Fundraising $69,333$11,841,401
IX-13 Office expensesPrograms $1,675,432 · Management $834,978 · Fundraising $31,610$2,542,020
IX-14 Information technologyPrograms $5,740,897 · Management $1,736,722 · Fundraising $184,669$7,662,288
IX-15 RoyaltiesPrograms $169,993$169,993
IX-16 OccupancyPrograms $15,537,638 · Management $1,372,391 · Fundraising $117,389$17,027,418
IX-17 TravelPrograms $3,395,014 · Management $170,866 · Fundraising $69,500$3,635,380
IX-20 InterestPrograms $929,850 · Management $81,554 · Fundraising $7,025$1,018,429
IX-22 Depreciation, depletion and amortizationPrograms $22,457,959 · Management $351,563 · Fundraising $243,452$23,052,974
IX-23 InsurancePrograms $4,659,880 · Management $124,685 · Fundraising $1,916$4,786,481
IX-24 Other expenses (24a–d)Programs $13,360,914 · Management $277,834 · Fundraising $2,020$13,640,768
IX-24e All other expensesPrograms $2,232,391 · Management $512,605 · Fundraising $28,716$2,773,712
IX-25 Total functional expensesPrograms $338,666,746 · Management $31,481,416 · Fundraising $3,290,637$373,438,799
Part X · Balance sheet $773,639,499 assets, 21 lines filed
Asset lines not itemized here account for $8,775,065; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $28,301$17,153
X-2 Savings and temporary cash investmentsStart of year $17,963,358$4,636,871
X-3 Pledges and grants receivableStart of year $1,425,483$510,575
X-4 Accounts receivableStart of year $9,309,700$9,539,881
X-8 Inventories for sale or useStart of year $818,332$791,692
X-9 Prepaid expenses and deferred chargesStart of year $8,937,138$7,268,722
X-10c Land, buildings and equipment, netStart of year $366,463,347$353,695,548
X-11 Publicly traded securitiesStart of year $115,628,153$119,258,982
X-12 Other securitiesStart of year $249,819,772$266,331,846
X-15 Other assetsStart of year $2,431,270$2,813,164
X-16 Total assetsStart of year $784,661,941$773,639,499
X-17 Accounts payable and accrued expensesStart of year $30,279,180$29,999,090
X-19 Deferred revenueStart of year $14,172,882$16,577,350
X-20 Tax-exempt bond liabilitiesStart of year $36,857,866$32,706,644
X-24 Unsecured notes and loans payableStart of year $3,053,729$5,622,311
X-25 Other liabilitiesStart of year $3,962,701$4,092,238
X-26 Total liabilitiesStart of year $89,046,274$89,809,651
X-27 Net assets without donor restrictionsStart of year $648,749,203$635,017,911
X-28 Net assets with donor restrictionsStart of year $46,866,464$48,811,937
X-32 Total net assets or fund balancesStart of year $695,615,667$683,829,848
X-33 Total liabilities and net assetsStart of year $784,661,941$773,639,499
Part XI · Reconciliation of net assets $683,829,848 net assets at year end
XI-1 Total revenue$342,378,728
XI-2 Total expenses$373,438,799
XI-3 Revenue less expenses−$31,060,071
XI-4 Net assets at start of year$695,615,667
XI-5 Net unrealized gains (losses) on investments$19,274,252
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$683,829,848

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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