Brown University

Financial Trends

Organization Details

Brown University, founded in 1764, is a large national nonprofit in the Community Improvement sector that reported $1.6B in total revenue in fiscal year 2022. Revenue decreased 11% compared to the prior year. Net assets of $7.7B represent 58 months of operating reserves.

Mission

RESIDENCE FOR PERSONAL USE WAS PROVIDED TO THE FOLLOWING INDIVIDUAL: PRESIDENT - AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE EMPLOYER, THE PRESIDENT IS REQUIRED TO LIVE IN UNIVERSITY HOUSING. THEREFORE, NONE OF THE BENEFIT WAS TREATED AS TAXABLE COMPENSATION. THE PRESIDENT'S HOUSEHOLD SERVICES ASSISTANT PROVIDES SOME PERSONAL SERVICES FOR THE PRESIDENT. THE PRESIDENT REIMBURSES THE UNIVERSITY BY CHECK FOR THESE SERVICES. ONE KEY EMPLOYEE AND ONE HIGHLY COMPENSATED EMPLOYEE RECEIVED A GROSS-UP PAYMENT IN 2022, WHICH ARE REPORTED AS TAXABLE COMPENSATION IN SCHEDULE J, PART II, COLUMN (B)(III). ONE HIGHLY COMPENSATED EMPLOYEE RECEIVES AN ALLOWANCE FOR SOCIAL CLUB DUES, WHICH IS REPORTED AS TAXABLE COMPENSATION IN SCHEDULE J, PART II, COLUMN (B)(III). THE UNIVERSITY PAYS FOR SOCIAL CLUB DUES ON BEHALF OF TWO KEY EMPLOYEES AND ONE HIGHLY COMPENSATED EMPLOYEE TO CONDUCT UNIVERSITY BUSINESS. THIS IS NOT CONSIDERED TAXABLE INCOME. ONE KEY EMPLOYEE AND TWO HIGHLY COMPENSATED EMPLOYEES TRAVELED FIRST CLASS FOR BUSINESS. THE REIMBURSEMENTS OF THIS BUSINESS TRAVEL EXPENSE ARE CONSIDERED NON-TAXABLE. ONE HIGHLY COMPENSATED EMPLOYEE TRAVELED WITH A SPOUSE WHO WERE BOTH ON BUSINESS. THE REIMBURSEMENT OF THIS BUSINESS TRAVEL EXPENSE IS CONSIDERED NON-TAXABLE. SCHEDULE J, PART I, LINE 1B IN LIEU OF A STANDARDIZED WRITTEN POLICY, SENIOR OFFICERS WERE ISSUED AN ADDENDUM TO THEIR COMPENSATION LETTER APPROVED BY THE CHANCELLOR, OUTLINING THE TREATMENT OF THE HOUSING ITEM LISTED IN PART I, LINE 1A.

Financial Overview (2022)

Year-over-Year Comparison

Governance

Special Practices & Reported Activities

Compensation of Officers, Directors & Key Employees

Historical Data