Salve Regina University
Salve Regina University reported $159.1 million in revenue and $145.9 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $87.54 went to program services, $11.08 to management and general costs and $1.38 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 85.0% of the total. The highest compensation it reported for one person was $456,953 (PRESIDENT). 89 people received more than $100,000 in reportable compensation. Revenue rose 34% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $146MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $159MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 87.5% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 11.1% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.4% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.13 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 9.8% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 1.8% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 85.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $456,953 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.31% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 89 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 16.1 | 13.3 |
| Independent voting board members Part VI 1a–1b | 28 of 29 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseSalve Regina University (the "university"), located in newport, rhode island, is a 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…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT Director/trustee, officer, 35.00 hrs/week | $314,720 | $0 | $142,233 | $456,953 |
| VP FOR ADVANCEMENT Key employee, 35.00 hrs/week | $269,612 | $0 | $37,097 | $306,709 |
| PROVOST/VP ACADEMIC AFFAIRS Key employee, 35.00 hrs/week | $256,700 | $0 | $35,663 | $292,363 |
| CFO/VP OPERATIONS Officer, 35.00 hrs/week | $249,740 | $0 | $39,835 | $289,575 |
| VP FOR STRATEGIC Key employee, 35.00 hrs/week | $190,199 | $0 | $78,902 | $269,101 |
| VP FOR STUDENT AFFAIRS Key employee, 35.00 hrs/week | $171,862 | $0 | $87,861 | $259,723 |
| CHIEF MARKETING & COMMUNICATIONS Key employee, 35.00 hrs/week | $164,146 | $0 | $77,312 | $241,458 |
| VP FOR ENROLLMENT Key employee, 35.00 hrs/week | $180,370 | $0 | $37,738 | $218,108 |
89 people received more than $100,000 in reportable compensation from Salve Regina University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.4M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b29 · 28 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 51,523
- Volunteers Part I, line 631
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| SODEXO & AFFILIATES Food/custodial service | $7,531,948 |
| IDESIGNEDU LLC Online program management | $1,484,415 |
| CARNEGIE DARTLETT Marketing services | $1,120,889 |
| HTS ENGINEERING INC Hvac equipment and installation | $749,014 |
Individuals listed as contractors are left out. 40 contractors were paid more than $100,000 in all.
Private foundation grants it received
41 private foundations reported grants to Salve Regina University totaling $2.6M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Salve Regina University's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Salve Regina University, you can publish a response that is linked from this page.
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Of every $100 Salve Regina University spent in FY2025, $87.54 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Taylor UniversityUpland, IN · revenue $159M · programs 87.5% · FY2025
- Gannon UniversityErie, PA · revenue $160M · programs 83.2% · FY2025
- United Negro College FundWashington, DC · revenue $159M · programs 78.7% · FY2025
- Lynn UniversityBoca Raton, FL · revenue $160M · programs 84.6% · FY2025
- Southeastern UniversityLakeland, FL · revenue $159M · programs 87.8% · FY2025
Questions people ask
How much of Salve Regina University's spending goes to programs?
In the fiscal year ending June 30, 2025, Salve Regina University reported that 87.5% of its $145.9 million in expenses went to program services, 11.1% to management and general and 1.4% to fundraising (Form 990, Part IX).
How much does Salve Regina University pay its top executive?
The largest total compensation Salve Regina University reported for one person in the fiscal year ending June 30, 2025 was $456,953, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Salve Regina University get its money?
Of $159.1 million in revenue in the fiscal year ending June 30, 2025, 9.8% came from contributions and grants (including 1.8% from government grants) and 85.0% from program service revenue (Form 990, Part VIII).
Is Salve Regina University a registered charity?
The IRS lists EIN 05-0259080 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202621339349305122 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202541359349308799 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431349349307123 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301329349307030 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241319349304564 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131269349301983 · read the filing
All filings for EIN 05-0259080: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.