Salve Regina University

Organization Overview

Salve Regina University is located in Newport, RI. The organization was established in 1946. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Salve Regina University employed 1,474 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Salve Regina University 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 06/2021, Salve Regina University generated $125.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $119.6m during the year ending 06/2021. While expenses have increased by 3.0% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

AS AN ACADEMIC COMMUNITY THAT WELCOMES PEOPLE OF ALL BELIEFS, (SEE SCHEDULE O FOR CONTINUATION) SALVE REGINA UNIVERSITY, A CATHOLIC INSTITUTION FOUNDED BY THE SISTERS OF MERCY, SEEKS WISDOM AND PROMOTES UNIVERSAL JUSTICE. THE UNIVERSITY, THROUGH TEACHING AND RESEARCH, PREPARES MEN AND WOMEN FOR RESPONSIBLE LIVES BY IMPARTING AND EXPANDING KNOWLEDGE, DEVELOPING SKILLS AND CULTIVATING ENDURING VALUES. THROUGH LIBERAL ARTS AND PROFESSIONAL PROGRAMS, STUDENTS DEVELOP THEIR ABILITIES FOR THINKING CLEARLY AND CREATIVELY, ENHANCE THEIR CAPACITY FOR SOUND JUDGMENT, AND PREPARE FOR THE CHALLENGE OF LEARNING THROUGHOUT THEIR LIVES. IN KEEPING WITH THE TRADITIONS OF THE SISTERS OF MERCY, AND RECOGNIZING THAT ALL PEOPLE ARE STEWARDS OF GOD'S CREATION, THE UNIVERSITY ENCOURAGES STUDENTS TO WORK FOR A WORLD THAT IS HARMONIOUS, JUST AND MERCIFUL.

Describe the Organization's Program Activity:

SALVE REGINA UNIVERSITY (THE "UNIVERSITY"), LOCATED IN NEWPORT, RHODE ISLAND, IS A SMALL COMPREHENSIVE CATHOLIC UNIVERSITY WHICH OPENED IN 1947 AND IS ACCREDITED BY THE NEW ENGLAND COMMISSION OF HIGHER EDUCATION, INC., FORMERLY KNOWN AS THE NEW ENGLAND ASSOCIATION OF SCHOOLS AND COLLEGES. THE UNIVERSITY WAS FOUNDED BY AND CONTINUES TO BE SPONSORED BY THE SISTERS OF MERCY. THE UNIVERSITY ENROLLS APPROXIMATELY 2,700 MEN AND WOMEN IN A VARIETY OF ACADEMIC PROGRAMS. THE UNIVERSITY'S STUDENT POPULATION IS PREDOMINATELY FROM THE NORTHEAST REGION OF THE UNITED STATES. THE UNDERGRADUATE PROGRAMS ARE BASED ON THE LIBERAL ARTS. THE UNIVERSITY OFFERS BACCALAUREATE AND MASTER DEGREES, A CERTIFICATE OF ADVANCED GRADUATE STUDY AND A PH.D. IN HUMANITIES AND INTERNATIONAL RELATIONS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Clinical Research Sequencing Platform
Covid Testing
$617,500
I Design
Online Program Management
$471,233
Sodexo
Food/custodial Service
$4,746,933
Cisco
Networking Services
$472,099
Carnegie Dartlettt
Marketing Services
$667,825
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $3,056,536
All other contributions, gifts, grants, and similar amounts not included above$4,893,817
Noncash contributions included in lines 1a–1f $60,145
Total Revenue from Contributions, Gifts, Grants & Similar$7,950,353
Total Program Service Revenue$112,820,910
Investment income $991,274
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $85,252
Net Gain/Loss on Asset Sales $3,793,146
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $125,875,129

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Salve Regina University has recieved totaling $154,000.

Awarding OrganizationAmount
Lily Haseotes Bentas And Efthemios J Bentas Foundation Inc

Palm Beach, FL

PURPOSE: GENERAL PURPOSES

$150,000
Palen-Klar Uw Schisp Fd

Dallas, TX

PURPOSE: SCHOLARSHIPS

$4,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$63,213,000
Earnings$18,583,000
Net Contributions$2,632,000
Other Expense$2,275,000
Grants$520,000
Ending Balance$81,633,000

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Trustees Of The Smith College
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$481,505,110
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$291,863,480
Simmons University
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$234,956,189
Roger Williams University
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$203,415,186

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