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Rivier University EIN 02-0223339

Rivier University

EIN  02-0223339 Higher education institution Nashua, NH Founded 1947
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 7/7/26 · see original filing: IRS
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Size
$10–100M
What they do
Educates students in liberal arts and professional fields to serve the world.
Leadership
Clair Glossner · Ft Faculty · $201K
Money in and out
$75.4M revenue, $71.3M expenses
Bottom line
+5% operating surplus

Educates students in liberal arts and professional fields to serve the world. For fiscal year 2024 it reported $75.4M in revenue, $71.3M in expenses, and $118.0M in net assets.Pt I

Financial scale & money flow · FY2024
Total revenue
$75.4M
Pt VIII · Ln 12
Total expenses
$71.3M
Pt IX · Ln 25
Net assets
$118.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $4.1M
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.13 Fundraising $0.00
Operating surplus
+5%
revenue over expenses, this legal entity▼ -21% vs prior filing year
Payroll share
31%
of this entity's spending is salaries & benefits▼ -4% vs prior filing year
Program spending
86%
of expenses reach program services0% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$75.4M
FY2024▲ +2%
Expenses
$71.3M
FY2024▲ +3%
Total assets
$200.1M
FY2024▲ +17%
Total liabilities
$82.0M
FY2024▲ +37%
Total revenue
$75.4M
Pt VIII · Ln 12
Total expenses
$71.3M
Pt IX · Ln 25
Net assets
$118.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$4.1M
Total assetsPt X · Ln 16$200.1M
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 326
Independent voting membersPt I · Ln 426
Mission & Programs · Part III

Where the work happens

3 program services account for $61.0M of program spending, described in the organization's own filed words · FY2024.
01

Instructional, academic support, and student services expenses related to providing instructional services for 2,193 undergraduate, graduate, and doctoral students. Instructional programs range from liberal arts to professional studies. Programs such as nursing and education lead to licensure.

$52.9Mprogram expense
02

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 449 students during FY 2024-25.

$8.0Mprogram expense
03

Youth sports camp is a summer program hosted by our coaches and trainers. Camp runs 5 days per week for 6 weeks and serves 50-120 campers each week. Sports practiced include basketball, lacrosse and soccer.

$147Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRivier University
EINHdr · item D02-0223339
Principal addressHdr · item CNashua, NH
WebsiteHdr · item Jwww.rivier.edu
Year of formationHdr · item L1947
State of legal domicileHdr · item MNH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFColleges & Universities (B430)
Ruling yearIRS BMFMar 1946

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a26
Independent voting membersPt VI · Ln 1b26
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Clair Glossner
Ft Faculty
$200,790Pt VII · Sec A
Paula Williams
VP Academic Affairs
$192,680Pt VII · Sec A
Ralph Sperry
Ft Faculty
$181,727Pt VII · Sec A
Steven Perrotta
VP Finance & Admin
$162,379Pt VII · Sec A
Karen Cooper
VP University Advance
$154,729Pt VII · Sec A
Paul Brower
VP Enrollment Manager
$150,259Pt VII · Sec A
Dr John Gleason
Dean of Education
$148,587Pt VII · Sec A
Donna Proulx
Ft Faculty
$140,036Pt VII · Sec A

Clair Glossner’s $201K as Ft Faculty is at the 37th percentile of top reported officer pay among 3682 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Clair Glossner$200,790$199,600————
Paula Williams$192,680$146,028$143,614$134,511—$126,117
David Pitts—$184,742————
Ralph Sperry$181,727—————
Douglas Howard————$113,216$177,849
Brian Ernsting—$176,150$173,687$166,494$82,420—
Dr John Gleason$148,587$156,280$163,524$165,056$156,998$144,749
Steven Perrotta$162,379$147,586$137,517$127,134$23,832—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$65.3M · 87%
Contributions & grants$5.9M · 8%
Investment income$4.0M · 5%
Program service revenue87%$65.3M
Contributions & grants8%$5.9M
Investment income5%$4.0M
Other revenue$257K
— government grantsLn 1e$4.6M
Total revenueLn 12$75.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.13 Fundraising $0.00
Program services86%$61.6M
Management & general13%$9.5M
Fundraising$169K
Total functional expensesLn 25$71.3M

Balance Sheet

Part X · end of year
CashLn 1$5.8M
Total assetsLn 16$200.1M
Total liabilitiesLn 26$82.0M
Total net assetsLn 32$118.0M
Months of cash on handcomputed1.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $75.0M · Operating expenses/yr $71.3M
12.6 months
Where the money goes
Program services
Program services $61.6M · Total expenses $71.3M
86%
Management & General
Management & general $9.5M · Total expenses $71.3M
13%
Fundraising
Fundraising $169K · Total expenses $71.3M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $182K · Solicited contributions (3-yr avg) $1.8M
$0.10 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $5.9M · Total revenue $75.4M
8%
Government reliance
Government grants $4.6M · Total revenue $75.4M
6%
Earned-income share
Program service revenue $65.3M · Total revenue $75.4M
87%
Investment reliance
Investment income $4.0M · Total revenue $75.4M
+5%
Program self-sufficiency
Program service revenue $65.3M · Total expenses $71.3M
92%
Growth & trend
Revenue growth (YoY)
This year $75.4M · Prior year $73.9M
+2%
Revenue CAGR
FY2019 $50.0M · FY2024 $75.4M
+9%
Net-asset trend (YoY)
End of year $118.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $75.4M · Expenses $71.3M
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $200.1M
—
Net-asset ratio
Net assets $118.0M · Total assets $200.1M
59%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $69.1M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $200.1M
35%
People & payroll
Highest Reported Total Compensation
Individual Clair Glossner · Reported title FT Faculty · Highest reported compensation $201K · Total expenses $71.3M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $22.4M · Total expenses $71.3M
31%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%——
Overhead ratio 13%——
Fundraising cost ratio 3%——
Revenue growth 2%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Barker Foundation INCFY2025$8K
Mahoney Family Foundation INCFY2025$2K
Total grants receivedfrom 2 funders$9K
Grants paid · 14 grants · $8.9M · 2019–2024
Unitemized GrantFY2024$1,920,953
Unitemized GrantFY2024$703,059
Unitemized GrantFY2024$25,000
Unitemized GrantFY2023$1,101,733
Unitemized GrantFY2023$475,638
Unitemized GrantFY2023$25,000
Unitemized GrantFY2022$1,105,505
Unitemized GrantFY2022$176,185
Unitemized GrantFY2021$1,129,726
Unitemized GrantFY2021$175,041
Unitemized GrantFY2020$1,062,044
Unitemized GrantFY2020$157,866
Unitemized GrantFY2019$714,386
Unitemized GrantFY2019$169,829

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$73.9M revenue · ⤓ 990 PDF
FY2023$65.9M revenue · ⤓ 990 PDF
FY2022$64.5M revenue · ⤓ 990 PDF
FY2021$55.2M revenue · ⤓ 990 PDF
FY2020$50.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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