Rivier University
- Assets
- $135.7m
- Revenue
- $55.2m
- Investments
- $0.0
- Employees
- 803
- Location
- Nashua, NH
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 02-0223339
Organization Overview
Rivier University is located in Nashua, NH. 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, Rivier University employed 803 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Rivier 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, Rivier University generated $55.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $49.9m during the year ending 06/2021. While expenses have increased by 2.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDED BY THE SISTERS OF THE PRESENTATION OF MARY, RIVIER UNIVERSITY IS A CATHOLIC COEDUCATIONAL INSTITUTION DEDICATED TO TRANSFORMING HEARTS AND MINDS TO SERVE THE WORLD. THE UNIVERSITY IS DEDICATED TO THE EDUCATION OF UNDERGRADUATE,GRADUATE, AND DOCTORAL STUDENTS IN BOTH THE LIBERAL ARTS AND PROFESSIONAL COURSES OF STUDY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL, ACADEMIC SUPPORT, AND STUDENT SERVICES EXPENSES RELATED TO PROVIDING INSTRUCTIONAL SERVICES FOR 2,742 UNDERGRADUATE, GRADUATE, AND DOCTORAL STUDENTS. INSTRUCTIONAL PROGRAMS RANGE FROM LIBERAL ARTS TO PROFESSIONAL STUDIES. PROGRAMS SUCH AS NURSING AND EDUCATION LEAD TO LICENSURE.
FOR STUDENTS LIVING BEYOND A REASONABLE COMMUTING DISTANCE, OR STUDENTS WITHIN A REASONABLE COMMUTING DISTANCE WHO ELECT TO HAVE AN IN-RESIDENCE EXPERIENCE, THE UNIVERSITY PROVIDED ROOM AND BOARD FOR AN AVERAGE OF 275 STUDENTS DURING FY 2020-21.
EARLY CHILDHOOD CENTER, WHICH FUNCTIONS AS A LABORATORY SCHOOL FOR THE UNIVERSITY'S UNDERGRADUATE AND GRADUATE EDUCATION PROGRAMS, SERVES THE GREATER NASHUA COMMUNITY PROVIDING A SAFE, LEARNING ENVIRONMENT FOR CHILDREN UP TO KINDERGARTEN AGE.
OTHER PROGRAM SERVICES INCLUDE (A) CONFERENCES AND WORKSHOPS, MOST OF WHICH OCCUR DURING THE SUMMER MONTHS, (B)BOOKSTORE SPACE RENTAL, (C)YOUTH SPORTS CAMPS RUN BY THE ATHLETIC DEPARTMENT DURING THE SUMMER, (D) RECOVERY OF ACCOUNTS RECEIVABLE EXPENSED IN PRIOR YEARS (E)STUDENT DORMITORY POLICY VIOLATION FEES, AND (F) STUDENT CLUB DUES AND REVENUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Baxter Adjunct Faculty | 40 | $157,611 | |
Dr John Gleason Dean Of Education | 40 | $156,998 | |
Marjorie Faiia Adjunct Faculty | 40 | $142,815 | |
David Burgess Adjunct Faculty | 40 | $141,015 | |
Mr Kurt Stimeling VP Student Affairs | Officer | 40 | $139,188 |
Angela Mousseau Dean Of Arts & Science | 40 | $137,327 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ellucian Company Lp It Services | 6/29/21 | $1,727,958 |
Burke Advertising Llc Advertising | 6/29/21 | $318,100 |
Sodexo Inc & Affiliates Dining Services | 6/29/21 | $683,643 |
Trident Building Llc Consulting | 6/29/21 | $171,690 |
Ssc Service Solutions Facilities Management Services | 6/29/21 | $121,472 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $39,936 |
| Related organizations | $0 |
| Government grants | $3,629,078 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,634,491 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,303,505 |
| Total Program Service Revenue | $44,778,532 |
| Investment income | $1,040,133 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$3,519 |
| Net Gain/Loss on Asset Sales | $3,116,536 |
| Net Income from Fundraising Events | $5,496 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $55,240,683 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $14,307,734 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $854,094 |
| Compensation of current officers, directors, key employees. | $235,236 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,070,600 |
| Pension plan accruals and contributions | $376,397 |
| Other employee benefits | $1,619,483 |
| Payroll taxes | $1,133,015 |
| Fees for services: Management | $224,168 |
| Fees for services: Legal | $5,479 |
| Fees for services: Accounting | $64,547 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $417,009 |
| Office expenses | $87,574 |
| Information technology | $284,313 |
| Royalties | $0 |
| Occupancy | $5,133,595 |
| Travel | $89,565 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,926 |
| Interest | $968,915 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,488,301 |
| Insurance | $308,627 |
| All other expenses | $2,869,807 |
| Total functional expenses | $49,874,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $251,637 |
| Savings and temporary cash investments | $4,209,321 |
| Pledges and grants receivable | $1,131,374 |
| Accounts receivable, net | $811,859 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $200,407 |
| Inventories for sale or use | $20,884 |
| Prepaid expenses and deferred charges | $601,414 |
| Net Land, buildings, and equipment | $62,419,068 |
| Investments—publicly traded securities | $63,426,371 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,672,577 |
| Total assets | $135,744,912 |
| Accounts payable and accrued expenses | $2,390,213 |
| Grants payable | $417,324 |
| Deferred revenue | $2,711,790 |
| Tax-exempt bond liabilities | $29,950,560 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $28,519 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,293,668 |
| Total liabilities | $42,792,074 |
| Net assets without donor restrictions | $67,764,443 |
| Net assets with donor restrictions | $25,188,395 |
| 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 | $135,744,912 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Rivier University has recieved totaling $275,739.
| Awarding Organization | Amount |
|---|---|
Davis Educational Foundation Yarmouth, ME PURPOSE: Teaching, Technology, and Student Engagement | $233,749 |
Barker Foundation Inc Nashua, NH PURPOSE: GENERAL PURPOSE | $17,170 |
Simpson Ashcroft Trust Bedford, NH PURPOSE: ADEKOYA 2021/2022 ACADEMIC YEAR | $4,050 |
Simpson Ashcroft Trust Bedford, NH PURPOSE: GBADAMOSI 2021/2022 ACADEMIC YEAR | $3,650 |
Omeara Foundation Inc Wethersfield, CT PURPOSE: STUDENT SCHOLARSHIP AWARDS | $3,500 |
Sweetser Foundation Inc Annapolis, MD PURPOSE: SWEETSER SCHOLAR | $3,000 |
Endowment Analysis
| Beg. Balance | $40,959,845 |
| Earnings | $8,660,581 |
| Net Contributions | $821,723 |
| Grants | -$4,254,131 |
| Ending Balance | $46,188,018 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lesley University Cambridge, MA | $459,682,175 | $126,944,351 |
Saint Michaels College Colchester, VT | $214,854,575 | $111,425,492 |
Emmanuel College Boston, MA | $475,098,162 | $117,188,309 |
American International College Springfield, MA | $97,977,130 | $85,156,875 |
New England Conservatory Of Music Boston, MA | $251,412,598 | $68,675,147 |
Trustees Of St Josephs College Standish, ME | $70,736,447 | $58,358,813 |
Sisters Of Saint Ann Anna Maria College Paxton, MA | $54,188,559 | $53,756,555 |
Rivier University Nashua, NH | $135,744,912 | $55,240,683 |
Eastern Nazarene College Quincy, MA | $46,152,111 | $30,810,403 |
Vermont College Of Fine Arts Inc Montpelier, VT | $16,896,015 | $9,896,722 |
Atlantic Union College South Lancaster, MA | $8,125,815 | $3,274,813 |
Harvard Varsity Club Inc Boston, MA | $9,008,961 | $2,503,628 |