Bryant University

“LINE 4A *UNDERGRADUATE, GRADUATE AND CERTIFICATE PROGRAMS - INCLUDING ACADEMIC SUPPORT, STUDENT SERVICES, AND PUBLIC SERVICE* Bryant University offers undergraduate and graduate degrees, graduate certificates, and executive education programs. The FTE for the undergraduate program in Smithfield, RI was 3,268 and the graduate program was 296. 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. LINE 4B *AUXILIARY SERVICES - DINING AND HOUSING* Approximately 73% of our Smithfield students reside on campus in our residence halls and townhouses. Living options at Bryant 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 the several locations available on campus.”

“Part vi, section a, question 2 the following members of the university's board of trustees also serve as directors of bryant china (hk) limited: ronald machtley and david weinstein.”

“Part vi, section b, question 11b prior to filing the university's form 990 with the irs, it is reviewed by the university's audit committee of the board of trustees. The audit committee is the governing body of the university that has oversight of all financial and compliance issues of the university and reports the proceedings of all of its meetings to the full board of trustees. A complete copy of the form 990 is distributed to each voting board member prior to filing.”

“Part vi, section b, question 12c the univeristy consistently monitors and enforces compliance with its conflict of interest policy by first ensuring the conflict of interest forms are continually updated by the trustees and employees. The forms are reviewed annually to identify any disclosures of conflicts of interest, and as a result, no board member can vote on any item they have a conflict of interst with. The vice presdient of business affairs reviews the conflict of interest forms, and any potential conflict would be discussed with the audit committee chair. In addition, any business conducted by the university with any organization related to a bryant university trustee or employee must be a hands-off transaction with no involvement of the trustee or employee. This monitoring and enforcing is done primarily through the president's office.”

“Part vi, section b, question 15a & 15b the board of trustees, through its executive compensation committee (the "committee"), utilizes an executive compensation philosophy, amended and ratified by the board of trustees in october 2007, to establish compensation for all university officers and key executives. The university prepares an annual report, the "executive compensation report, discussion report for the executive compensation committee". The report summarizes annual performance against institutional benchmarks, annual strategic goals and divisional operations objectives, and provides market comparability data for the designated positions. The president also provides a cover memo to the committee that analyzes and recommends target achievements set by the performance bonus plan, base salary and maximum performance bonus for each executive. Based on this information, the committee makes a determination relative to compensation for the president and reviews and authorizes the president's compensation recommendation for the executive team. In addition, in 2015 the university engaged an outside consulting company to perform a high level audit and provide recommendations on changes to specific elements in the executive compensation program. The consulting company believes the elements were well documented and comprehensive. The university complies with the three requirements of the rebuttable presumption standard, as outlined in treasury regulations section 53.4958-6: (1) executive compensation is authorized by an independent committee of the board of directors, (2) the committee authorizing executive compensation obtains and relies on appropriate data as to comparability prior to making determinations, and (3) the committee adequately documents the basis for determinations concurrently with making the determination.”

“Part vi, section c, question 19 the university makes its governing documents, conflict of interest policy and financial statements available to the public upon request. The governing documents and conflict of interest policy are on file in the president's office and the financial statements are available through the controller's office.”

“Part xi, line 9 change in fair value of interest rate swap $ (2,880,161) change in other liabilities $ (577,257) change in split interest agreement $ (18,864) ------------- total $ (3,476,282)”