Johnson & Wales University
88% goes to programs $49 to raise $100 Strong reserves
Johnson & Wales University is a 501(c)(3) organization based in Providence, Rhode Island, registered in 1965, with $313,303,648 in FY2023 revenue. CharityIndex grades it B+, and it directs about 88% of spending to programs.
8 Abbott Park Pl, Providence, RI, 02903 EIN 05-0306206 Since 1965
Revenue (FY2023)
$313.3M
▼ 8.5% vs prior year
Education median: $200K
Expenses (FY2023)
$355.8M
Net assets
$695.6M
Employees
3,263
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →AProgram efficiency40% of the rating88% to programs · $49 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Johnson & Wales University: 88% to programs · $49 to raise $100 earns a A on this criterion. See the exact thresholds →
C+Financial health25% of the rating23 mo reserves · -14% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Johnson & Wales University: 23 mo reserves · -14% margin earns a C+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Johnson & Wales University: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Johnson & Wales University: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Educational activities
Contact & location
- Address
- 8 Abbott Park Pl, Providence, RI, 02903
- City
- Providence
- State
- Rhode Island
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $529.2M (FY2013) to $313.3M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $89.0MNet assets $695.6M
Operating margin
-13.6%
Spent more than it raised in the latest fiscal year.
Total assets
$784.7M
Total liabilities
$89.0M
Net assets
$695.6M
Salaries & benefits
$147.6M
41% of expenses
Board members
13
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $313,303,648▼8.5% | $355,758,771▲6.4% | $695,615,667▼2.7% | $784,661,941▼2.0% | 990 |
| 2022 | $342,582,611▼6.5% | $334,312,690▼3.4% | $714,623,395▲2.7% | $800,637,428▼1.4% | 990 |
| 2021 | $366,413,764▲7.0% | $346,099,664▼13.6% | $696,156,669▼5.2% | $812,364,766▼4.6% | 990 |
| 2020 | $342,317,164▼15.1% | $400,743,196▼6.6% | $734,595,035▲2.2% | $851,530,357▼6.8% | 990 |
| 2019 | $403,272,641▼7.9% | $428,911,004▼5.3% | $718,593,796▼4.1% | $913,541,997▼4.0% | 990 |
| 2018 | $437,890,524▼8.2% | $452,911,176▼5.0% | $749,314,289▼1.4% | $951,970,711▼2.3% | 990 |
| 2017 | $477,248,837▼6.3% | $476,841,624▼6.7% | $759,906,718▲1.8% | $973,914,431▼1.4% | 990 |
| 2016 | $509,527,925▲5.2% | $511,140,298▲4.0% | $746,459,326▲3.4% | $987,795,655▲0.5% | 990 |
| 2015 | $484,222,722▼3.8% | $491,596,182▲3.2% | $722,229,788▼1.5% | $982,932,991▼0.2% | 990 |
| 2014 | $503,420,832▼4.9% | $476,485,440▲1.0% | $733,546,944▲1.0% | $984,921,790▲0.2% | 990 |
| 2013 | $529,237,534 | $471,979,912▲1.7% | $726,072,155▲6.8% | $983,253,952▲10.2% | 990 |
| 2012 | — | $463,988,584▲0.5% | $680,143,526▲5.7% | $892,385,151▲4.4% | 990 |
| 2011 | — | $461,680,065▲10.0% | $643,213,542▲1.6% | $854,464,395▼0.7% | 990 |
| 2010 | — | $419,707,554▲6.4% | $632,901,682▲13.5% | $860,437,834▲6.3% | 990 |
| 2009 | — | $394,617,797 | $557,502,488 | $809,292,672 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Minnie L Runey — $834,099 (0.23% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Minnie L Runey | Chancellor, President & Ceo | 45 | $834,099 |
| Joseph J Greene Jr | Teasurer, Vice Chancellor | 45 | $416,600 |
| Sandra M Affenito | Vice Chancellor Academic Admin. | 45 | $343,875 |
| Luba Shur | General Counsel, Vp | 45 | $333,867 |
| Richard A Wiscott | Provost | 45 | $326,393 |
| Marie F Bernardo-sousa | President Providence Campus | 45 | $323,550 |
| Diane H D'ambra | Vp of Human Services | 45 | $294,283 |
| Richard G Mathieu | President Charlotte Campus | 45 | $271,524 |
| Akhil Gupta | Vp of Enrollment Management | 45 | $269,696 |
| Mary J Meixell | Dean of College of Business | 45 | $242,503 |
| Meredith Twombly | Vp Undergrad Enrollment Management | 45 | $218,033 |
| Jason R Evans | Dean of Cfit | 45 | $215,779 |
| Michael J Downing | Vp of Auxiliary Services | 45 | $215,608 |
| Jennifer A Galipeau | Interim Dean & Associate Provost | 45 | $206,026 |
| David A Souza | Vp Information Technology | 45 | $201,313 |
| Jason W Witham | Vp Real Estate & Facility Planning | 45 | $193,893 |
| Danielle H Raposa | Assistant Treasurer,vp of Finance | 45 | $190,130 |
| Emily Gilcreast | University Secretary | 45 | $163,946 |
| Clay A Snyder | Trustee | 1 | — |
| David Wilson - Ended 61824 | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Google Inc | Advertising Services | $3,670,819 |
| Abm | Cleaning Services | $2,926,648 |
| Guild Education Inc | Marketing & Enrollment Growth Services | $2,542,819 |
| Pariseault Builders Inc | Construction Services | $1,919,470 |
| A Z Corporation | Construction Services | $1,830,944 |
Grants received · $1.9M total
73 grants to Johnson & Wales University totaling $1.9M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Communities Foundation of Texas | This grant is designated for general support. | 2024 | $79,987 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $13,750 |
| Greater Cincinnati Foundation | Programatic support | 2024 | $13,000 |
| Greater Cincinnati Foundation | Programatic support | 2024 | $13,000 |
| Foundation For the Carolinas | Charitable gift | 2024 | $10,000 |
| Communities Foundation of Texas | This grant is designated for general support. | 2023 | $75,263 |
| Donor Advised Charitable Giving | Education | 2023 | $48,500 |
| National Collegiate Athletic Association | Grants | 2023 | $33,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $17,706 |
| Gulf Coast Community Foundation Inc | Education | 2023 | $10,000 |
| Greater Cincinnati Foundation | Programatic support | 2023 | $9,105 |
| Tulsa Community Foundation | Scholarships | 2023 | $7,500 |
| Communities Foundation of Texas | This grant is designated for general support. | 2022 | $73,352 |
| Donor Advised Charitable Giving | Education | 2022 | $36,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $22,550 |
Grants made · $46K in FY2023
4 grants totaling $46K in FY2023. All grants made by Johnson & Wales University →
| Recipient | Purpose | Amount |
|---|---|---|
| Project Hand Up | Support organization - food for the hungry | $18,508 |
| Mcauley Corporation | Support organization - food for the hungry | $11,766 |
| Downtown Providence Park Network | Support organization - to enhance the vitality and quality of life in downtown providence | $10,000 |
| Sports Biz Cares Ltd | Support organization to increase social mobility for high school students though education | $6,000 |
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Compare Johnson & Wales University
Frequently asked questions
- Is Johnson & Wales University a legitimate nonprofit?
- Yes. Johnson & Wales University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 05-0306206, based in Providence, Rhode Island. Donations are tax-deductible.
- What is Johnson & Wales University's EIN?
- Johnson & Wales University's Employer Identification Number (EIN) is 05-0306206.
- How much revenue does Johnson & Wales University report?
- Johnson & Wales University reported $313,303,648 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Johnson & Wales University's spending goes to programs?
- Johnson & Wales University spends about 88% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Johnson & Wales University have?
- CharityIndex grades Johnson & Wales University B+, based on program efficiency and fundraising cost.
- How much does Johnson & Wales University's highest-paid employee make?
- The highest reported compensation on Johnson & Wales University's latest Form 990 is $834,099, paid to Minnie L Runey (Chancellor, President & Ceo).
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Data for Johnson & Wales University (EIN 05-0306206) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.