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Salve Regina University

Public charityFed auditsIRS 990990-T FY2023
DBA: % MICHAEL N GRANDCHAMP
Other · NEWPORT, RI · EIN 05-0259080

About

As an academic community that welcomes people of ALL beliefs, salve regina university, a catholic institution founded by the sisters of mercy, seeks wisdom and promotes universal justice. The university, through teaching and research, (see schedule o for continuation) prepares men and women for responsible lives by imparting and expanding knowledge, developing skills and cultivating enduring values. Through liberal arts and professional programs, students develop their abilities for thinking clearly and creatively, enhance their capacity for sound judgment, and prepare for the challenge of learning throughout their lives. In keeping with the traditions of the sisters of mercy, and recognizing that ALL people are stewards of GOD's creation, the university encourages students to work for a world that is harmonious, just and merciful.

In care of Michael N Grandchamp

Donations are tax-deductible
Category
Other
Employees
1,549
Volunteers
50

Financial Snapshot

FY ending 2023-06-30
Revenue
$136.6M
Expenses
$135.4M
Assets
$221.9M
Liabilities
$49.1M

Financial history

$142.5M$71.2M$0
1617181920212223
RevenueExpenses
Latest FY2023: $136.6M · Peak FY2022: $142.5M · Avg: $120.1M

Foreign activity (Schedule F)

Total spent abroad$10.2M
Foreign employees0
Foreign offices0
Foreign partnership interestYes
Foreign trust interestNo
RegionActivitySpent
CENTRAL AMERICA AND THE CARIBBEAN
EAST ASIA AND THE PACIFIC
EUROPE (INCLUDING ICELAND & GREENLAND)

501(h) election

This 501(c)(3) has NOT elected 501(h) — lobbying is permitted but limited under the vaguer "no substantial part of activities" test.

Political & Grant Activity

Campaign Spending
Lobbying
$24K
Grants Given
$53.1M
SALVE REGINA UNIVERSITY
Your actions

Address

100 Ochre Point AVE
Newport, RI, 02840-414

Governance

Voting board members31
Independent members30
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %70.2%
Permanent endowment %29.8%
Endowment held by related orgNo
Public records
ProPublica Nonprofit Explorer
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
These open in a new tab. AllCiv doesn't host filings directly — these are the authoritative public-record sources.