2025-04-29T14:13:13-05:00 2024-06-30 050409384 KAHN LITWIN RENZA & CO LTD 951 NORTH MAIN STREET PROVIDENCE RI 02904 990 2023-07-01 056014351 UNIVERSITY OF RHODE ISLAND FOUNDATION & ALUMNI ENGAGEMENT UNIV 4018747900 79 UPPER COLLEGE ROAD KINGSTON RI 02881 ADAM QUINLAN CFO 4018744490 2025-04-29 1 1 PATRICK J MARTIN P00283486 4012742001 2025-04-29 2023 2025-03-06 01:10:19Z ADAM QUINLAN 79 UPPER COLLEGE ROAD KINGSTON RI 02881 63245547 0 X WWW.URIFAE.ORG X 1957 RI TO INSPIRE AND STEWARD PHILANTHROPIC SUPPORT BENEFITING URI AND TO INFORM AND ENGAGE ALUMNI AS COMMITTED PARTNERS OF THE UNIVERSITY, ITS MISSION, AND TRADITIONS. IN ALL ITS ACTIVITIES, URIFAE STRIVES FOR CORE VALUES OF TRANSPARENCY, INTEGRITY, COLLABORATION, ACCOUNTABILITY, AND RESPECT. 45 45 85 213 -7191 0 20050288 25396933 7321087 7085813 6083933 6598720 40253 67260 33495561 39148726 26038061 17758493 0 0 9576345 9589037 0 0 8045756 4360807 5498608 39975213 32846138 -6479652 6302588 291825531 320009256 8632248 6753794 283193283 313255462 X TO INSPIRE AND STEWARD PHILANTHROPIC SUPPORT BENEFITING URI AND TO INFORM AND ENGAGE ALUMNI AS COMMITTED PARTNERS OF THE UNIVERSITY, ITS MISSION, AND TRADITIONS. IN ALL ITS ACTIVITIES, URIFAE STRIVES FOR CORE VALUES OF TRANSPARENCY, INTEGRITY, COLLABORATION, ACCOUNTABILITY, AND RESPECT. 0 0 2142836 2142836 855012 BUILDING AND EQUIPMENT, THE UNIVERSITY OF RHODE ISLAND FOUNDATION AND ALUMNI ENGAGEMENT (URIFAE) RECEIVES GIFTS ON BEHALF OF DONORS THAT ARE RESTRICTED TO SUPPORT BUILDING AND EQUIPMENT INITIATIVES THROUGH THE UNIVERSITY CAMPUS. 5861749 5861749 2338895 PROGRAM SERVICES, THE UNIVERSITY OF RHODE ISLAND FOUNDATION AND ALUMNI ENGAGEMENT RECEIVES GIFTS ON BEHALF OF DONORS THAT ARE RESTRICTED TO SUPPORT ACADEMIC PROGRAMS THROUGH THE UNIVERSITY. EXPENDITURES ARE PAID BY THE UNIVERSITY USING FOUNDATION FUNDS. PRIOR TO THE FOUNDATION FUNDING EXPENDITURES, THE UNIVERSITY PROVIDES DOCUMENTATION TO THE FOUNDATION TO ENSURE EXPENDITURES ALIGN WITH DONOR INTENDED PURPOSE. OCCASIONALLY THE FOUNDATION WILL PAY THE VENDOR DIRECTLY. 3319116 3319116 1324360 SCHOLARSHIPS, AWARDS AND FELLOWSHIPS, THE UNIVERSITY OF RHODE ISLAND FOUNDATION AND ALUMNI ENGAGEMENT RECEIVES GIFTS ON BEHALF OF DONORS THAT ARE RESTRICTED TO THE SUPPORT OF FINANCIAL AID FOR UNIVERSITY STUDENTS. TO ENSURE COMPLIANCE WITH ALL UNIVERSITY, FEDERAL AND STATE FINANCIAL AID REQUIREMENTS, THE UNIVERSITY SELECTS THE STUDENT RECIPIENT AND MAKES THE AWARDS DIRECTLY TO STUDENTS. THE FOUNDATION PROVIDES FUNDS TO THE UNIVERSITY FOR THE FINANCIAL AID EXPENDITURES. 6434792 6434793 2567546 OTHER PROGRAM SERVICES, THE UNIVERSITY OF RHODE ISLAND FOUNDATION AND ALUMNI ENGAGEMENT RECEIVES GIFTS ON BEHALF OF DONORS THAT ARE RESTRICTED TO SUPPORT NUMEROUS PROGRAMS SUCH AS OUTREACH PROGRAMS, RESEARCH, ATHLETIC, VISITING LECTURERS, FACULTY CHAIRS, LIBRARY AND ADMINISTRATIVE SUPPORT. 6434792 6434793 2567546 17758493 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 26 0 1 85 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 45 45 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 RI X X ADAM QUINLAN 4018744490 79 UPPER COLLEGE ROAD KINGSTON RI 02881 ALFRED J VERRECCHIA CHAIRMAN (TO 6/24) /BOARD MEMBER 8.00 X X 0 0 0 ALLISON LADD BOARD MEMBER 2.00 X 0 0 0 ANDREA TARBOX BOARD MEMBER 2.00 X 0 0 0 BARRY M GERTZ TRUSTEE (TO 06/24) 1.00 X 0 0 0 CHRISTOPHER J WOLFE TRUSTEE (TO 06/24) 1.00 X 0 0 0 COLLEEN GOUVEIA MOULTON BOARD MEMBER 2.00 X 0 0 0 DANIEL G LOWNEY BOARD MEMBER 2.00 X 0 0 0 DAVID J MARTIRANO TRUSTEE (TO 06/24) 1.00 X 0 0 0 DEA T BELAZI BOARD MEMBER 2.00 X 0 0 0 DEBORAH A IMONDI BOARD MEMBER/INVEST. COMM 2.00 X 0 0 0 DIANE CHACE FANNON BOARD MEMBER/MARKETING & COMMUNICATIONS CHAIR 2.00 X 0 0 0 DIANE SULLIVAN TRUSTEE (TO 06/24) 1.00 X 0 0 0 EDWARD B DEUTSCH BOARD MEMBER 2.00 X 0 0 0 ESTHER EMARD TRUSTEE (TO 06/24) 1.00 X 0 0 0 HAROLD HORVAT BOARD MEMBER 2.00 X 0 0 0 JAY HART BOARD MEMBER 2.00 X 0 0 0 JESSE BAKER BOARD MEMBER 2.00 X 0 0 0 JOHN J BROUGH JR BOARD MEMBER/AUDIT COMMITTEE 2.00 X 0 0 0 JOHN PRIORE BOARD MEMBER 2.00 X 0 0 0 KENNETH HYLANDER BOARD MEMBER 2.00 X 0 0 0 KEVIN M LOPES BOARD MEMBER 2.00 X 0 0 0 LISA A AHART TRUSTEE (TO 06/24) 1.00 X 0 0 0 LOUIS R GIANCOLA BOARD MEMBER 2.00 X 0 0 0 LOUISE M MOWINCKEL BOARD MEMBER/SECRETARY 2.00 X 0 0 0 MARC B PARLANGE BOARD MEMBER 2.00 X 0 0 0 MARCIA A COSTELLO BOARD MEMBER 2.00 X 0 0 0 MARIANNE GATTINELLA BOARD MEMBER 2.00 X 0 0 0 MARIBETH Q WILLIAMSON TRUSTEE (TO 06/24) 1.00 X 0 0 0 MICHAEL ANDREOZZI BOARD MEMBER 2.00 X 0 0 0 MICHAEL F BRANDMEIER BOARD MEMBER (TO 06/24) 2.00 X 0 0 0 MICHAEL ICE BOARD MEMBER 2.00 X 0 0 0 MOLLY D MAGEE TRUSTEE (TO 06/24) 1.00 X 0 0 0 NICOLE NOYA BOARD MEMBER 2.00 X 0 0 0 RAYMOND M WILLIAMS VICE CHAIR/BOARD MEMBER 4.00 X 0 0 0 RICHARD J HARRINGTON BOARD MEMBER 2.00 X 0 0 0 RUSSELL RUEFF TRUSTEE (TO 06/24) 1.00 X 0 0 0 S KENT FANNON BOARD MEMBER 2.00 X 0 0 0 SANDRA PARRILLO BOARD MEMBER 2.00 X 0 0 0 STEVEN R FRAZIER BOARD MEMBER 2.00 X 0 0 0 SULINA M MOHANTY BOARD MEMBER 2.00 X 0 0 0 SUSAN FORMAN BOARD MEMBER 2.00 X 0 0 0 THOMAS D CERIO III TRUSTEE (TO 06/24) 1.00 X 0 0 0 TRUDY C COLEMAN BOARD MEMBER/FINANCE COMMITTEE CHAIR 2.00 X X 0 0 0 WENDY FIELD BOARD MEMBER (TO 06/24) 2.00 X 0 0 0 WILLIAM FLYN BOARD MEMBER 2.00 X 0 0 0 ADAM QUINLAN CFO AND VP OF ERM 40.00 X 216480 0 41673 ELIZABETH O'ROURKE PRESIDENT 40.00 X 404615 0 51285 WENDY BUCCI CHIEF OPERATIONS OFFICER 40.00 X 174408 0 31002 G ERIC SCHONEWALD AVP DEVELOPMENT, HEALTH 40.00 X 166683 0 37485 JEFFREY CABRAL VICE PRESIDENT FOR DEVELOPMENT 40.00 X 231736 0 29063 JOAO GARCIA SENIOR EXECUTIVE DIRECTOR 40.00 X 162190 0 29850 KATHARINE FLYNN EXEC. DIR. OF CORP. & FOUN 40.00 X 169392 0 30693 SARAH LOBDELL VP FOR DEVELOPMENT 40.00 X 200391 0 40335 1725895 0 291386 21 0 1 0 0 25396933 1436556 25396933 SERVICES FOR URI 611710 7085813 7085813 7085813 4918161 -7191 4925352 25711086 24030527 1680559 1680559 1680559 89172 47382 41790 41790 44382 18912 25470 25470 39148726 7085813 -7191 6673171 17758493 17758493 953504 286051 667453 6404989 1886126 4518863 550462 165626 384836 1086165 326746 759419 593917 178641 415276 343041 343041 92255 92255 120000 120000 2258397 2258397 158148 19890 138258 592220 187232 404988 295134 257999 37135 167734 49807 117927 138678 138678 167479 167479 DONOR CULTIVATION 512669 400882 111787 DUES & SUBSCRIPTIONS 398487 51252 347235 SPONSORSHIP & AWARDS 161611 150276 11335 TEMP & STUDENT HELP 67541 56297 11244 25214 25214 32846138 17758493 7041889 8045756 2213654 2316977 19863195 21839880 11933301 10765865 517713 488185 293242 268370 3412623 1783827 1694613 1628796 255023694 124414545 158208237 101347 78401 184772 0 291825531 320009256 1111715 1478965 1243621 1489352 6276912 3785477 8632248 6753794 X 11983938 13567552 271209345 299687910 283193283 313255462 291825531 320009256 6302588 23759591 0 X X 0 1 X 1 0 X 49811251 33747251 23818197 20385343 25396933 153158975 49811251 33747251 23818197 20385343 25396933 153158975 17071303 136087672 3225154 4163075 6193407 5198718 4918161 23698515 176857490 33185328 0.76950 0.78550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 120000 120000 32792432 32912432 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 72000 72000 104000 120000 368000 250000 250000 250000 250000 1000000 1500000 PART 11-A, LINE 1B, LOBBYING ACTIVITIES: URIFAE HAS HIRED PANNONE, LOPES, DEVEREAUX & WEST, LLC TO REPRESENT ITS INTEREST IN MATTERS BEFORE THE RHODE ISLAND GENERAL ASSEMBLY. 232914846 10157655 25680683 10945663 257807521 218345225 6763767 17934484 10128630 232914846 239252821 11447123 -25006890 7347829 218345225 179037117 14993986 53066896 7845178 239252821 164776641 17486102 3321570 6547196 179037117 0.02413 0.53965 0.43622 0 0 2964577 1459878 1504699 448046 323949 124097 1628796 OTHER SECURITIES 158208237 F 158208237 DUE TO RELATED ORGANIZATIONS 2829296 DUE TO URI RESEARCH FOUNDATION 956181 3785477 X 60778733 23759591 66294 23825885 36952848 2258397 -62519 2195878 39148726 30716554 66294 66294 30650260 2258397 -62519 2195878 32846138 PART V, LINE 4: URIFAE ENDOWMENT NET ASSETS CONSIST OF OVER 1,200 INDIVIDUAL FUNDS THAT WERE ESTABLISHED FOR A VARIETY OF PURPOSES. THE ENDOWMENTS INCLUDE BOTH DONOR IMPOSED TEMPORARILY AND PERMANENTLY RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY URIFAE'S BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENT. URIFAE ADOPTED AN INVESTMENT POLICY FOR ENDOWMENTS WITH A LONG TERM INVESTMENT OBJECTIVE TO MAINTAIN AND GROW ITS PURCHASING POWER THROUGH EARNINGS. DURING THE PERIOD OF THIS RETURN (7/1/23-6/30/24),THE SPENDING RATE IS 5.05%. PART X, LINE 2: URIFAE IS EXEMPT FROM INCOME TAXES AS A PUBLIC CHARITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT BELIEVES THAT URIFAE OPERATES IN A MANNER CONSISTENT WITH THEIR TAX-EXEMPT STATUS AT BOTH THE STATE AND FEDERAL LEVEL. URIFAE ANNUALLY FILES IRS FORM 990 - (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) REPORTING VARIOUS INFORMATION THAT THE IRS USES TO MONITOR THE ACTIVITIES OF TAX-EXEMPT ENTITIES. THE FOUNDATION ALSO ANNUALLY FILES IRS FORM 990-T - EXEMPT ORGANIZATION'S BUSINESS INCOME TAX RETURN, FOR ALL OF ITS FOREIGN INVESTMENT DISCLOSURE REQUIREMENTS. URIFAE CURRENTLY HAS NO TAX EXAMINATIONS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: EVENT EXPENSES 66,294. PART XI, LINE 4B - OTHER ADJUSTMENTS: REDUCTION IN PAYABLE TO URI RESEARCH FOUNDATION -62,519. PART XII, LINE 2D - OTHER ADJUSTMENTS: EVENT EXPENSES 66,294. PART XII, LINE 4B - OTHER ADJUSTMENTS: REDUCTION IN PAYABLE TO URI RESEARCH FOUNDATION -62,519. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS.LIST 74 _ 2TTHOMPSON - 01/07/19 08:23 AM WORKSHEET SCHEDULE F - STATEMENT OF APER CLIENT 50147250 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 9098671 0 0 0 0 0 0 59245921 0 59245921 1 0 1 1 1 0 MEN'S TRACK AND FIELD 12180 12180 6925 5TH QRT. FOOTBALL 49473 49473 18846 1055 2 27519 27519 20556 89172 89172 46327 1055 47382 41790 44382 18912 0 44382 18912 18912 25470 RI 1 0 0 0 0 0 1 UNIVERSITY OF RHODE ISLAND GREEN HALL KINGSTON RI 02881 056000522 501(C)(3) 17758493 0 GENERAL PROGRAM EXPENDITURES FROM DONOR RESTRICTED FUNDS 1 PART I, LINE 2: USE OF FUNDS ARE MONITORED THROUGH A REVIEW PROCESS OF EACH REQUEST TO ENSURE THE EXPENSES ARE IN LINE WITH THE FUNDING PURPOSE. X X X 0 1 0 1 0 0 0 0 0 ELIZABETH O'ROURKE PRESIDENT 383577 0 15038 0 6000 0 34485 0 16800 0 455900 0 0 0 JEFFREY CABRAL VICE PRESIDENT FOR DEVELOPMENT 217684 0 8652 0 5400 0 19748 0 9315 0 260799 0 0 0 ADAM QUINLAN CFO AND VP OF ERM 208200 0 8280 0 0 0 19123 0 22550 0 258153 0 0 0 SARAH LOBDELL VP FOR DEVELOPMENT 192570 0 7821 0 0 0 17808 0 22527 0 240726 0 0 0 WENDY BUCCI CHIEF OPERATIONS OFFICER 167586 0 6822 0 0 0 15571 0 15431 0 205410 0 0 0 G ERIC SCHONEWALD AVP DEVELOPMENT, HEALTH 162683 0 4000 0 0 0 15124 0 22361 0 204168 0 0 0 KATHARINE FLYNN EXEC. DIR. OF CORP. & FOUN 164392 0 5000 0 0 0 15260 0 15433 0 200085 0 0 0 JOAO GARCIA SENIOR EXECUTIVE DIRECTOR 157190 0 5000 0 0 0 14457 0 15393 0 192040 0 0 0 PART I, LINE 4B ELIZABETH O'ROURKE 457B NON QUALIFIED RETIREMENT PLAN PART I, LINE 5 FOR ALL PARTICIPANTS, THE TARGET BONUS UNDER THE LONG-TERM INCENTIVE BONUS PLAN FOR EACH YEAR OF THE PERFORMANCE PERIOD IS TYPICALLY 4% OF SALARY, WITH A THRESHOLD BONUS OF 2% OF SALARY. THESE AMOUNTS MAY BE ADJUSTED UP OR DOWN BY THE EXECUTIVE COMMITTEE. THIS PLAN REWARDS FOR PROGRESS ON ACHIEVING ANNUAL GOALS TOWARDS THE LARGER SIX-YEAR CAPITAL CAMPAIGN GOAL, WHICH IS CURRENTLY SET AT $300 MILLION. BONUS AMOUNTS ARE EARNED ANNUALLY, SET ASIDE, AND PAID OUT AT THE END OF THREE YEARS. X 21 1436556 FMV X 52 5927 COST X GIFT CARD 1 30 COST 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 CURRENTLY THE FOLLOWING BOARD MEMBERS HAVE A FAMILY RELATIONSHIP WITH EACH OTHER: S. KENT FANNON AND DIANE CHASE FANNON. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE EXTERNAL AUDITORS AND REVIEWED BY MANAGEMENT. REVISIONS, CORRECTIONS, ETC. ARE MADE AS NECESSARY. ONCE MANAGEMENT IS SATISFIED WITH THE FORM, IT IS DISTRIBUTED TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL. UPON APPROVAL OF THE AUDIT COMMITTEE, THE FORM 990 IS MADE AVAILABLE TO THE BOARD FOR FEEDBACK OR QUESTIONS BEFORE FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, FOLLOWING EACH URI FOUNDATION & ALUMNI ENGAGEMENT ANNUAL MEETING OF TRUSTEES, INDIVIDUALS WILL BE ASKED TO DISCLOSE TO THE URI FOUNDATION & ALUMNI ENGAGEMENT ANY PERSONAL INTEREST WHICH HE/SHE MAY HAVE IN ANY MATTER PENDING BEFORE THE ORGANIZATION AND SHALL REFRAIN FROM PARTICIPATION IN ANY DECISION ON SUCH MATTER. ANNUALLY, THE URI FOUNDATION AND ALUMNI ENGAGEMENT PRESIDENT AND EXECUTIVE COMMITTEE (OR GOVERNANCE COMMITTEE) SHALL REVIEW AND MONITOR THE ANNUAL DISCLOSURE FORMS AND BRING TO THE ATTENTION OF THE EXECUTIVE COMMITTEE ANY DISCLOSED PERSONAL OR PRIVATE INTERESTS OF CONCERN FOR REVIEW. IF THERE IS REASONABLE CAUSE TO BELIEVE THAT AN INTERESTED PERSON FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE PERSONAL OR PRIVATE INTEREST, HAS DISCLOSED TO A THIRD PARTY A CONFIDENTIALITY, OR HAS ENGAGED IN A PROHIBITED ACTION, THE INDIVIDUAL WILL BE GIVEN THE OPPORTUNITY TO EXPLAIN. IF, AFTER HEARING THE RESPONSE, THE EXECUTIVE COMMITTEE BELIEVES A CONFLICT EXISTS, IT SHALL TAKE APPROPRIATE CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY THE EXECUTIVE COMMITTEE OF THE BOARD CONDUCTS A PERFORMANCE REVIEW AND EVALUATION OF THE PRESIDENT TO DETERMINE COMPENSATION AND BONUS FOR THE FOLLOWING YEAR. THE PRESIDENT CONDUCTS PERFORMANCE REVIEWS AND EVALUATIONS OF SENIOR LEADERSHIP AND PROVIDES COMPENSATION RECOMMENDATIONS TO THE EXECUTIVE COMMITTEE FOR THEIR REVIEW AND APPROVAL. THIS PROCESS INVOLVES THE REVIEW OF COMPARABLE COMPENSATION OF SIMILAR POSITIONS. ANNUALLY THE BOARD APPROVES THE ANNUAL BUDGET WHICH INCLUDES THE SALARY RAISE POOL. THE PRESIDENT ESTABLISHES THE COMPENSATION OF ALL OTHER STAFF. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS (ARTICLES OF INCORPORATION AND BY-LAWS), ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. THE ORGANIZATION WILL MAIL COPIES UPON REQUEST OR PROVIDE COPIES TO THOSE WHO COME TO THE ADMINISTRATIVE OFFICE DURING NORMAL BUSINESS HOURS. FORM 990, PART XII, LINE 2C AUDIT COMMITTEE THE AUDIT COMMITTEE INCLUDES THE FOLLOWING: JOHN BROUGH GEORGE BEDARD KYLE FLYNN CHRISTOPHER FRANKLIN ROXANNE PETTIWAY DONALD SULLIVAN HAROLD HORVAT UNIVERSITY OF RHODE ISLAND GREEN HALL KINGSTON RI 02881 056000522 EDUCATIONAL FACILITY RI GOVERNMENT 0 UNIVERSITY OF RHODE ISLAND RESEARCH FOUNDATION 75 LOWER COLLEGE RD KINGSTON RI 02881 364644408 RESEARCH FACILITY RI 501(C)(3) LINE 7 0 0 1 1 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 UNIVERSITY OF RHODE ISLAND B 17758493 COST UNIVERSITY OF RHODE ISLAND C 7085813 COST