University Of Richmond
- Assets
- $3.9b
- Revenue
- $713.8m
- Investments
- $2.8b
- Employees
- 4,167
- Location
- Richmond, VA
- Founding
- 09/1941
- Data as of
- 06/2021
- EIN
- 54-0505965
Organization Overview
University Of Richmond is located in Richmond, VA. The organization was established in 1941. 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, University Of Richmond employed 4,167 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Richmond 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, University Of Richmond generated $713.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $393.3m during the year ending 06/2021. While expenses have increased by 2.0% 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.
Since 2015, University Of Richmond has awarded 59 individual grants totaling $2,889,381. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A UNIVERSITY FOR ACADEMIC SCIENTIFIC, AND PROFESSIONAL EDUCATION AND LEARNING.
Describe the Organization's Program Activity:
INSTRUCTION - SEE SCHEDULE O
ACADEMIC SUPPORT - SEE SCHEDULE O
AUXILIARY ENTERPRISES - SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Blandford President, Smc | Officer | 40 | $1,578,867 |
Christopher Mooney Basketball Coach | 40 | $778,936 | |
Ronald A Crutcher President | OfficerTrustee | 40 | $747,267 |
Karen Welch Director, Smc | 40 | $629,567 | |
Jeffrey Hires Director, Smc | 40 | $617,780 | |
Steven Henderson Director, Smc | 40 | $613,258 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kjellstrom Lee Construction | 6/29/21 | $7,119,993 |
Barton Malow Company Construction | 6/29/21 | $17,333,390 |
Securehealthandwellness Llc Testing Wellness Svc | 6/29/21 | $1,097,140 |
Ricohusa Services Provided | 6/29/21 | $1,132,704 |
Jmj Corporation Construction | 6/29/21 | $1,480,972 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,250,421 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,593,513 |
| Noncash contributions included in lines 1a–1f | $1,144,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,843,934 |
| Total Program Service Revenue | $220,366,352 |
| Investment income | $149,439,515 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $50,770 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $275,169,796 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $11,426,577 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $713,801,637 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $88,934 |
| Grants and other assistance to domestic individuals. | $88,610,646 |
| Grants and other assistance to Foreign Orgs/Individuals | $507,004 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,656,815 |
| Compensation of current officers, directors, key employees. | $4,467,068 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $144,114,425 |
| Pension plan accruals and contributions | $11,371,165 |
| Other employee benefits | $21,359,445 |
| Payroll taxes | $10,213,199 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $549,109 |
| Fees for services: Accounting | $948,262 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $160,645 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,357,342 |
| Advertising and promotion | $1,018,008 |
| Office expenses | $11,571,478 |
| Information technology | $4,183,933 |
| Royalties | $0 |
| Occupancy | $7,077,984 |
| Travel | $1,893,291 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,777,145 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,536,702 |
| Insurance | $2,122,776 |
| All other expenses | $8,147,770 |
| Total functional expenses | $393,284,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $149,613,543 |
| Pledges and grants receivable | $12,416,113 |
| Accounts receivable, net | $7,900,585 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,880,017 |
| Inventories for sale or use | $969,974 |
| Prepaid expenses and deferred charges | $10,054,446 |
| Net Land, buildings, and equipment | $373,240,421 |
| Investments—publicly traded securities | $454,175,651 |
| Investments—other securities | $2,836,264,560 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $75,947,397 |
| Total assets | $3,926,462,707 |
| Accounts payable and accrued expenses | $45,030,895 |
| Grants payable | $0 |
| Deferred revenue | $4,341,842 |
| Tax-exempt bond liabilities | $162,863,825 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $95,000,000 |
| Other liabilities | $57,010,169 |
| Total liabilities | $364,246,731 |
| Net assets without donor restrictions | $1,792,230,680 |
| Net assets with donor restrictions | $1,769,985,296 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,926,462,707 |
Grants Awarded
Over the last fiscal year, University Of Richmond has awarded $85,839 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Ashburn, VA PURPOSE: GRANT SUBAWARD FROM SPONSORED RESEARCH FUNDS | $31,646 |
Philadelphia, PA PURPOSE: GRANT SUBAWARD FROM SPONSORED RESEARCH FUNDS | $25,039 |
Norfolk, VA PURPOSE: GRANT SUBAWARD FROM SPONSORED RESEARCH FUNDS | $11,405 |
VA DEPT OF REHAB SERVICES PURPOSE: GRANT SUBAWARD FROM SPONSORED RESEARCH FUNDS | $9,525 |
Long Beach, CA PURPOSE: GRANT SUBAWARD FROM SPONSORED RESEARCH FUNDS | $8,224 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that University Of Richmond has recieved totaling $5,603.
| Awarding Organization | Amount |
|---|---|
Rodney M Gould Foundation Inc Ridgefield, CT PURPOSE: EDUCATION | $5,603 |
Endowment Analysis
| Beg. Balance | $2,405,601,975 |
| Earnings | $1,055,635,119 |
| Admin Expense | -$1,802,341 |
| Net Contributions | $16,290,823 |
| Other Expense | $127,837,155 |
| Ending Balance | $3,351,493,103 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Howard University Washington, DC | $1,667,010,000 | $1,025,632,000 |
American University Washington, DC | $2,059,436,434 | $862,369,744 |
Wake Forest University Winstonsalem, NC | $2,570,183,256 | $681,736,258 |
University Of Richmond Richmond, VA | $3,926,462,707 | $713,801,637 |
Belmont University Nashville, TN | $1,474,473,117 | $464,356,154 |
Catholic University Of America Washington, DC | $943,835,203 | $334,648,312 |
Elon University Elon, NC | $1,076,200,947 | $374,224,853 |
Loyola University Maryland Inc Baltimore, MD | $700,282,931 | $288,447,259 |
Campbell University Inc Buies Creek, NC | $678,742,436 | $263,777,466 |
Lipscomb University Nashville, TN | $502,799,879 | $216,257,194 |
Gallaudet University Washington, DC | $475,474,360 | $202,751,628 |
Hampton University Hampton, VA | $893,877,520 | $270,327,094 |