University Of Richmond
- Assets
- $3.0b
- Revenue
- $458.1m
- Investments
- $2.4b
- Employees
- 4,785
- Location
- Richmond, VA
- Founding
- 09/1941
- Data as of
- 06/2020
- 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 06/2020, University Of Richmond employed 4,785 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, University Of Richmond generated $458.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $391.0m during the year ending 06/2020. While expenses have increased by 2.3% per year over the past 5 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 47 individual grants totaling $2,526,261. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
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:
Part 3 - Line 4a
INSTRUCTION - SEE SCHEDULE O
ACADEMIC SUPPORT - SEE SCHEDULE O
AUXILIARY ENTERPRISES - SEE SCHEDULE O
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 | $1,634,972 |
Christopher Mooney Basketball Coach | 40 | $812,392 | |
Steven Henderson Director, Smc | 40 | $756,479 | |
Karen Welch Director, Smc | 40 | $739,994 | |
Ronald A Crutcher President | OfficerTrustee | 40 | $607,754 |
Kevin Stoudt Director, Smc | 40 | $597,398 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Barton Malow Company Construction | 6/29/20 | $17,729,433 |
Trent Corporation Construction | 6/29/20 | $1,718,073 |
Vesta Modular Construction | 6/29/20 | $2,625,000 |
Barton Malow Company Construction | 6/29/20 | $17,729,433 |
Ebsco Industries Inc Library Services | 6/29/20 | $1,039,476 |
Kjellstrom Lee Construction | 6/29/20 | $5,988,484 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,452,290 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,504,492 |
| Noncash contributions included in lines 1a–1f | $2,010,364 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,956,782 |
| Total Program Service Revenue | $216,591,526 |
| Investment income | $142,827,257 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $68,733 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $33,148,916 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $13,835,139 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $458,087,443 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $280,665 |
| Grants and other assistance to domestic individuals. | $82,123,441 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,221,012 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,819,039 |
| Compensation of current officers, directors, key employees. | $4,643,723 |
| Compensation to disqualified persons | $254,010 |
| Other salaries and wages | $144,460,742 |
| Pension plan accruals and contributions | $11,260,665 |
| Other employee benefits | $24,031,180 |
| Payroll taxes | $10,344,143 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $619,243 |
| Fees for services: Accounting | $1,337,655 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $177,736 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,931,352 |
| Advertising and promotion | $2,033,444 |
| Office expenses | $13,613,501 |
| Information technology | $2,582,359 |
| Royalties | $0 |
| Occupancy | $4,479,709 |
| Travel | $6,279,700 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,149,432 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,521,071 |
| Insurance | $1,860,707 |
| All other expenses | $3,929,599 |
| Total functional expenses | $390,988,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $125,962,822 |
| Pledges and grants receivable | $12,377,938 |
| Accounts receivable, net | $7,869,805 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,346,884 |
| Inventories for sale or use | $1,183,240 |
| Prepaid expenses and deferred charges | $6,590,989 |
| Net Land, buildings, and equipment | $366,532,565 |
| Investments—publicly traded securities | $5,618,423 |
| Investments—other securities | $2,388,688,391 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,959,074 |
| Total assets | $2,953,130,131 |
| Accounts payable and accrued expenses | $58,355,114 |
| Grants payable | $0 |
| Deferred revenue | $3,306,001 |
| Tax-exempt bond liabilities | $192,208,519 |
| 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 | $40,000,000 |
| Other liabilities | $62,796,885 |
| Total liabilities | $356,666,519 |
| Net assets without donor restrictions | $1,309,307,128 |
| Net assets with donor restrictions | $1,287,156,484 |
| 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 | $2,953,130,131 |
Grants Awarded
Over the last fiscal year, University Of Richmond has awarded $554,562 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Ashburn, VA PURPOSE: GRANT SUBAWARD FROM SPONSORED RESEARCH FUNDS | $123,033 |
Ashburn, VA PURPOSE: GRANT SUBAWARD FROM SPONSORED RESEARCH FUNDS | $123,033 |
Coral Gables, FL PURPOSE: GRANT SUBAWARD FROM SPONSORED RESEARCH FUNDS | $45,838 |
Coral Gables, FL PURPOSE: GRANT SUBAWARD FROM SPONSORED RESEARCH FUNDS | $45,838 |
Philadelphia, PA PURPOSE: GRANT SUBAWARD FROM SPONSORED RESEARCH FUNDS | $29,029 |
Philadelphia, PA PURPOSE: GRANT SUBAWARD FROM SPONSORED RESEARCH FUNDS | $29,029 |
Grants Recieved
Over the last fiscal year, we have identified 30 grants that University Of Richmond has recieved totaling $320,397.
| Awarding Organization | Amount |
|---|---|
Austin And Pauline Neuhoff Foundation Dallas, TX PURPOSE: COMMUNITY | $152,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $50,597 |
Community Foundation Of The Eastern Shore Inc Salisbury, MD PURPOSE: EDUCATION | $25,000 |
Walter W Regirer And Maria Teresa Regirer Foundation Midlothian, VA PURPOSE: 2020 COVID GRANT | $14,000 |
Bellwether Foundation Inc St Louis, MO PURPOSE: TO OPERATE A UNIVERSITY FOR ACADEMIC, SCIENTIFIC, AND PROFESSIONAL EDUCATION | $10,000 |
Bundy Family Foundation San Francisco, CA PURPOSE: EDUCATION | $10,000 |
Endowment Analysis
| Beg. Balance | $2,513,208,708 |
| Earnings | $2,110,817 |
| Admin Expense | -$247,211 |
| Net Contributions | $17,564,082 |
| Other Expense | $127,528,843 |
| Ending Balance | $2,405,601,975 |
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 | $2,139,822,388 | $583,443,727 |
University Of Richmond Richmond, VA | $2,953,130,131 | $458,087,443 |
Catholic University Of America Washington, DC | $943,835,203 | $334,648,312 |
Elon University Elon, NC | $893,737,232 | $328,453,491 |
Belmont University Nashville, TN | $1,133,197,968 | $378,873,316 |
Loyola University Maryland Inc Baltimore, MD | $769,785,187 | $289,324,946 |
Campbell University Inc Buies Creek, NC | $612,904,970 | $261,461,317 |
Lipscomb University Nashville, TN | $475,201,837 | $193,551,646 |
Gallaudet University Washington, DC | $454,724,674 | $203,714,766 |
Hampton University Hampton, VA | $779,168,098 | $206,010,995 |