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Regent University

Virginia Beach, VA · EIN 54-1061178 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Regent University reported $189.4 million in revenue and $168.8 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $83.89 went to program services, $14.83 to management and general costs and $1.28 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 87.4% of the total. The highest compensation it reported for one person was $973,222 (Chancellor/Chief Executive Officer). 107 people received more than $100,000 in reportable compensation. Revenue rose 30% 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 $169M

For 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 $189M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
83.9%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
14.8%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
1.3%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
9.0%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.5%1.1%
Program service revenue share
Part VIII 2g ÷ 12
87.4%69.9%
Highest reported compensation
Part VII-A, columns D–F
$973,222$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.58%1.28%
People paid over $100,000
Part VII, line 2
1078
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
10.113.3
Independent voting board members
Part VI 1a–1b
18 of 19100.0%

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 expense
$133M expenses · 93.7% of program spending · revenue $153M

Instruction - Schools of Communication & the Arts, Business & Leadership, Education, Psychology & Counseling, Divinity, Law, Government and College of Arts and Sciences and College of Health Care Sciences. Includes Academic Support, Student Services, Scholarships, Auxiliaries & Academic Affairs. 1,230 Graduate degrees, 730 Bachelor degrees, 196 First Professional degrees and 46 Associate degrees were awarded in 2024-2025. (10,657 students)

$9.0M expenses · 6.3% of program spending · revenue $12M

Hospitality Services - Hotel and conference center providing conference services, food and beverage services, banquets and other various hospitality services

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
Chancellor/Chief Executive Officer
Director/trustee, 26 hrs/week
$351,625$582,155$39,442$973,222
Sr Vice President and General Counsel
Officer, 40 hrs/week
$401,478$0$43,841$445,319
Exec VP Advancement/Enrollment Services
Officer, 40 hrs/week
$328,539$0$30,837$359,376
Dean/Professor - School of Law
Highest compensated employee, 40 hrs/week
$303,758$0$31,599$335,357
Exec VP Academic Affairs
Officer, 40 hrs/week
$282,199$0$35,011$317,210
Vice President for Human Resources & Administration
Officer, 40 hrs/week
$284,811$0$31,127$315,938
EVP Finance and Administration
Officer, 40 hrs/week
$258,376$0$34,400$292,776
Executive Vice President for Student Life
Officer, 40 hrs/week
$255,868$0$24,080$279,948

107 people received more than $100,000 in reportable compensation from Regent University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.6M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$50M$100M$150M$200MFY2020FY2021FY2022FY2023FY2024FY2025$189M$169M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$189M$169M83.9%$142M$973,222
FY2024 ⓘ$168M$161M83.8%$115M$823,799
FY2023 ⓘ$160M$154M85.7%$101M$490,395
FY2022 ⓘ$163M$145M85.3%$90M$575,282
FY2021 ⓘ$161M$139M87.6%$84M$403,389
FY2020 ⓘ$146M$142M87.1%$57M$385,099

Governance 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–1b19 · 18 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 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 51,951
  • Volunteers Part I, line 682

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
Google Inc
Advertising Services
$10,226,731
Meta Platforms Inc
Advertising Services
$2,793,558
Education Dynamics LLC
Advertising Sevices
$2,335,882
Christian Broadcasting Network
Building Services
$2,289,001
Microsoft Online Inc
Advertising Services
$2,096,909

Individuals listed as contractors are left out. 30 contractors were paid more than $100,000 in all.

Private foundation grants it received

10 private foundations reported grants to Regent University totaling $1.6M 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 Regent 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 Regent University, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Virginia

Questions people ask

How much of Regent University's spending goes to programs?

In the fiscal year ending June 30, 2025, Regent University reported that 83.9% of its $168.8 million in expenses went to program services, 14.8% to management and general and 1.3% to fundraising (Form 990, Part IX).

How much does Regent University pay its top executive?

The largest total compensation Regent University reported for one person in the fiscal year ending June 30, 2025 was $973,222, for the role of Chancellor/Chief Executive Officer (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Regent University get its money?

Of $189.4 million in revenue in the fiscal year ending June 30, 2025, 9.0% came from contributions and grants (including 0.5% from government grants) and 87.4% from program service revenue (Form 990, Part VIII).

Is Regent University a registered charity?

The IRS lists EIN 54-1061178 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 202621049349301132 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511069349300216 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411169349300836 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301169349301470 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241169349300844 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121319349301752 · read the filing

All filings for EIN 54-1061178: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.