Regis College
- Assets
- $109.5m
- Revenue
- $107.7m
- Investments
- $0.0
- Employees
- 1,196
- Location
- Weston, MA
- Founding
- 05/1995
- Data as of
- 06/2022
- EIN
- 04-2104451
Organization Overview
Regis College is located in Weston, MA. The organization was established in 1995. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2023, Regis College employed 1,196 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regis College is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Regis College generated $107.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $107.4m during the year ending 06/2022. While expenses have increased by 5.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
REGIS COLLEGE EDUCATES APPROXIMATELY 3,000 UNDERGRADUATE, GRADUATE AND DOCTORAL STUDENTS ON CAMPUS AND ONLINE IN DAYTIME, EVENING AND WEEKEND PROGRAMS IN FOUR SCHOOLS; THE YOUNG SCHOOL OF NURSING; THE SCHOOL OF HEALTH SCIENCES; THE SCHOOL OF ARTS & SCIENCES AND THE SLOAN SCHOOL OF BUSINESS AND COMMUNICATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION: KNOWLEDGE GENERATION AND THE DELIVERY OF EDUCATION TO APPROXIMATELY 3000 UNDERGRADUATE, GRADUATE AND DOCTORAL STUDENTS ON CAMPUS AND ONLINE IN DAYTIME, EVENING, AND WEEKEND PROGRAMS IN FOUR SCHOOLS; THE YOUNG SCHOOL OF NURSING, THE SCHOOL OF HEALTH SCIENCES ,THE SCHOOL OF ARTS AND SCIENCES AND THE SLOAN SCHOOL OF BUSINESS AND COMMUNICATIONS.
ACADEMIC AFFAIRS: DEANS' ADMINISTRATIVE OFFICES, GLOBAL SUPPORT AND LIBRARY AND ACADEMIC SUPPORT SERVICES FOR APPROXIMATELY 3000 STUDENTS.
STUDENT AFFAIRS: STUDENT AFFAIRS: PROVIDE HEALTH AND COUNSELING SERVICES, UNDERGRADUATE ADMISSIONS, CAMPUS MINISTRY, INTER-COLLEGIATE ATHLETICS AND STUDENT ENGAGEMENT SERVICES FOR APPROXIMATELY 3000 STUDENTS.
AUXILIARY ENTERPRISES: PROVIDE DINING SERVICES , RESIDENTIAL HALL SERVICES, CHILDREN'S LEARNING CENTER,FOR APPROXIMATELY 3,000 STUDENTS AND LIFELONG LEARNING PROGRAM FOR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Antoinette M Hays President | OfficerTrustee | 40 | $504,364 |
Richard Kelley CFO | Officer | 40 | $224,728 |
Mary Erina Driscoll VP Academic Affairs/provost | 40 | $204,839 | |
Jonathan Small VP Graduate & Pro. Student Affairs & Enrollment | 40 | $179,517 | |
Staci Shea VP Institutional Advancement | 40 | $187,437 | |
Kate Korzendorfer VP Info. Tech. Services/cio | 40 | $175,726 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Embanet Ulc Ncs Pearson Inc Distance Learning Consultant | 6/29/23 | $15,855,790 |
Aramark Corporation Food Service | 6/29/23 | $2,109,471 |
Wright Express Financial Services Credit Card Services | 6/29/23 | $1,074,814 |
Walsh Brothers Inc General Contractor | 6/29/23 | $821,437 |
Core Education Pbc School Of Pro Studies Partner | 6/29/23 | $532,300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,782,050 |
| Investment income | $300,272 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,439,115 |
| Net Gain/Loss on Asset Sales | -$1,009,358 |
| Net Income from Fundraising Events | -$98,293 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $107,679,867 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $24,411,077 |
| Grants and other assistance to Foreign Orgs/Individuals | $42,971 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $775,274 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,297,766 |
| Pension plan accruals and contributions | $608,222 |
| Other employee benefits | $4,892,106 |
| Payroll taxes | $2,866,429 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $64,846 |
| Fees for services: Accounting | $122,010 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $347,863 |
| Fees for services: Other | $18,573,656 |
| Advertising and promotion | $496,356 |
| Office expenses | $670,805 |
| Information technology | $730,530 |
| Royalties | $0 |
| Occupancy | $2,812,014 |
| Travel | $323,864 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $87,818 |
| Interest | $1,341,695 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,832,588 |
| Insurance | $606,141 |
| All other expenses | $0 |
| Total functional expenses | $107,356,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,528,221 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,360,447 |
| Accounts receivable, net | $211,890 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $952,397 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $26,957,012 |
| Investments—other securities | $0 |
| Investments—program-related | $21,100,000 |
| Intangible assets | $0 |
| Other assets | $4,214,027 |
| Total assets | $109,512,086 |
| Accounts payable and accrued expenses | $12,719,413 |
| Grants payable | $0 |
| Deferred revenue | $6,076,950 |
| Tax-exempt bond liabilities | $41,282,339 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $819,263 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,489,914 |
| Total liabilities | $63,387,879 |
| Net assets without donor restrictions | $17,780,229 |
| Net assets with donor restrictions | $28,343,978 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $46,124,207 |