Rivier University FY2023 filing

Tax-deductible

Nashua, NH501(c)(3)Since 1947Colleges & UniversitiesEIN 02-0223339Revenue $65.9M in FY2023

On file with the IRSrivier.edu420 S Main St, 03060-5042 · Nashua, NHTax-exempt since Mar 1946School — 170(b)(1)(A)(ii)

This page gets seen. Tell your story. Claim this org.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$1.4M paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $4.5M a year · 7% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.4M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $9K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$51.3M
34% of total assets
Looks good: liabilities are 34% of assets; 50% or less.
Pt X · Ln 26
Independent board members
26
of 26 voting members
Looks good: 26 of 26 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$65.9M
+2% vs prior year
Spent
$62.2M
To programs
87%
Net assets
$100.6M
By yearFY2020–FY2024
Revenue
$65.9M
FY2023▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$50.0M
FY2021$55.2M
FY2022$64.5M
FY2023$65.9M
FY2024$73.9M
FY2024$75.4M
Expenses
$62.2M
FY2023▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$48.8M
FY2021$49.9M
FY2022$57.5M
FY2023$62.2M
FY2024$68.9M
FY2024$71.3M
Net assets
$100.6M
FY2023▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$79.1M
FY2021$93.0M
FY2022$93.2M
FY2023$100.6M
FY2024$111.1M
FY2024$118.0M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1946.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $53.9M Management & general 13% · $8.2M Fundraising 0% · $197K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

38 people listed on the 990; $1.4M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
VP Academic Affairs
$173,687Pt VII · Sec A
Dean of Education
$163,524Pt VII · Sec A
VP University Advance
$144,080Pt VII · Sec A
Dean of Nursing
$143,614Pt VII · Sec A
VP Enrollment Manager
$137,829Pt VII · Sec A
VP Finance & Admin
$137,517Pt VII · Sec A
Ft Faculty
$135,545Pt VII · Sec A
VP Student Affairs
$135,156Pt VII · Sec A

Clair Glossner’s $201K as Ft Faculty is at the 37th percentile of top reported officer pay among 3683 $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.

See Rivier University executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates students in liberal arts and professional fields to serve the world.

Questions for Rivier University

Tap to ask. Rivier University sees how many people are interested.

Your first name shows with your question. Rivier University answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

3 programs · $53.2M · in their own filed words · FY2022
01

Instructional, academic support, and student services expenses related to providing instructional services for 2,941 undergraduate, graduate, and doctoral students. Instructional programs range from liberal arts to professional studies. Programs such as nursing and education lead to licensure.

$46.7Mprogram 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 416 students during FY 2022-23.

$6.5Mprogram 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.

$101Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
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

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$65.9M
Ln 12
Fees for servicesLn 2g$60.0M
Gifts and grantsLn 1h$3.7M
Investment incomeLn 3$2.0M
Money outPt IX
$62.2M
Ln 25
Programscol B$53.9M
Managementcol C$8.2M
Fundraisingcol D$197K
Owns and owesPt X
$100.6M
net assets · Ln 32
Cash and savingsLn 1–2$5.5M
Total assetsLn 16$151.9M
LiabilitiesLn 26$51.3M
PeoplePt VI, VII
38
listed · VII A
PaidVII A11
Voting boardVI 1a26
IndependentVI 1b26
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.7M
Government grantsLn 1e$2.4M
Fundraising eventsLn 1c$39K
Fees for servicesLn 2g$60.0M
Investment incomeLn 3$2.0M
Other incomeLn 4–11$119K
Gains on assetsLn 7$598K
Total revenueLn 12$65.9M
Assets in detailPt X, end of year
CashLn 1$252K
SavingsLn 2$5.2M
Cash and savings togetherLn 1–2$5.5M
InvestmentsLn 11–13$59.2M
Land, buildings, equipmentLn 10c$81.1M
Other assetsLn 15$1.2M
Total assetsLn 16$151.9M
LiabilitiesLn 26$51.3M
Net assetsLn 32$100.6M
OperationsPt I, VI
EmployeesI 5959
VolunteersI 685
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$4.6M$5.5M
InvestmentsLn 11–13$54.8M$59.2M
Land, buildings, equipmentLn 10c$70.3M$81.1M
Total assetsLn 16$141.3M$151.9M
LiabilitiesLn 26$48.1M$51.3M
Net assetsLn 32$93.2M$100.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$17.1M$17.1M
Pay of current officers, directors and key staffLn 5$904K$525K$295K$84K
Other salaries and wagesLn 7$16.1M$15.0M$1.1M
Pension plan contributionsLn 8$391K$378K$12K
Other employee benefitsLn 9$1.9M$1.8M$102K
Payroll taxesLn 10$1.2M$1.1M$83K
Management feesLn 11a$219K$219K
Legal feesLn 11b$94K$94K
Accounting feesLn 11c$73K$73K
Advertising and promotionLn 12$459K$156$459K
Office expensesLn 13$192K$164K$25K$3K
Information technologyLn 14$38K$783$37K
OccupancyLn 16$5.5M$3.3M$2.2M$6K
TravelLn 17$423K$403K$20K$469
Conferences, conventions and meetingsLn 19$60K$56K$3K$600
InterestLn 20$1.5M$1.4M$42K
Depreciation, depletion and amortizationLn 22$3.5M$2.9M$640K
InsuranceLn 23$454K$228K$226K
Other expenses (24a–d)Ln 24$9.2M$7.1M$2.1M$38K
All other expensesLn 24e$2.9M$2.4M$428K$66K
Total functional expensesLn 25$62.2M$53.9M$8.2M$197K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $73.9M$68.9M$5.1M$111.1M 990 PDF
FY2023 Viewing $65.9M$62.2M$3.6M$100.6M 990 PDF
FY2022 $64.5M$57.5M$7.0M$93.2M 990 PDF
FY2021 $55.2M$49.9M$5.4M$93.0M 990 PDF
FY2020 $50.0M$48.8M$1.2M$79.1M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $65,894,279 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $8,863,281$3,724,285
I-9 Program service revenuePrior year $53,227,474$60,006,443
I-10 Investment incomePrior year $2,301,785$2,044,815
I-11 Other revenuePrior year $128,474$118,736
I-12 Total revenuePrior year $64,521,014$65,894,279
I-13 Grants and similar amounts paidPrior year $16,714,720$17,120,661
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $18,493,073$20,492,617
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $22,293,455$24,635,157
I-18 Total expensesPrior year $57,501,248$62,248,435
I-19 Revenue less expensesPrior year $7,019,766$3,645,844
Part VI · Governance 26 of 26 board members independent, no flags
VI-1a Voting members of the governing body26
VI-1b Independent voting members26
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $65,894,279 across 10 lines filed
VIII-1c Fundraising events$38,746
VIII-1e Government grants$2,413,532
VIII-1f All other contributions, gifts and grants$1,272,007
VIII-1h Total contributions, gifts and grants$3,724,285
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $60,006,443$60,006,443
VIII-3 Investment incomeExcluded from tax $1,447,141$1,447,141
VIII-6 Net rental income or lossExcluded from tax $120,336$120,336
VIII-7 Net gain or loss on sales of assetsRelated to mission −$423,980 · Excluded from tax $1,021,654$597,674
VIII-8 Net income from fundraising eventsExcluded from tax −$1,600−$1,600
VIII-12 Total revenueRelated to mission $59,582,463 · Unrelated business $0 · Excluded from tax $2,587,531$65,894,279
Part IX · Statement of functional expenses $62,248,435 across 20 lines filed
IX-2 Grants to domestic individualsPrograms $17,120,661$17,120,661
IX-5 Pay of current officers, directors and key staffPrograms $525,035 · Management $295,355 · Fundraising $83,745$904,135
IX-7 Other salaries and wagesPrograms $14,982,566 · Management $1,082,418$16,064,984
IX-8 Pension plan contributionsPrograms $378,380 · Management $12,277$390,657
IX-9 Other employee benefitsPrograms $1,802,611 · Management $101,895$1,904,506
IX-10 Payroll taxesPrograms $1,145,573 · Management $82,762$1,228,335
IX-11a Management feesManagement $218,649$218,649
IX-11b Legal feesManagement $93,908$93,908
IX-11c Accounting feesManagement $73,290$73,290
IX-12 Advertising and promotionPrograms $156 · Management $459,065$459,221
IX-13 Office expensesPrograms $163,677 · Management $24,911 · Fundraising $3,155$191,743
IX-14 Information technologyPrograms $783 · Management $37,316$38,099
IX-16 OccupancyPrograms $3,254,631 · Management $2,213,895 · Fundraising $6,017$5,474,543
IX-17 TravelPrograms $403,268 · Management $19,525 · Fundraising $469$423,262
IX-19 Conferences, conventions and meetingsPrograms $56,360 · Management $3,174 · Fundraising $600$60,134
IX-20 InterestPrograms $1,449,822 · Management $41,691$1,491,513
IX-22 Depreciation, depletion and amortizationPrograms $2,906,936 · Management $639,704$3,546,640
IX-23 InsurancePrograms $228,043 · Management $226,371$454,414
IX-24 Other expenses (24a–d)Programs $7,084,681 · Management $2,119,105 · Fundraising $37,569$9,241,355
IX-24e All other expensesPrograms $2,375,073 · Management $427,791 · Fundraising $65,522$2,868,386
IX-25 Total functional expensesPrograms $53,878,256 · Management $8,173,102 · Fundraising $197,077$62,248,435
Part X · Balance sheet $151,913,252 assets, 19 lines filed
Asset lines not itemized here account for $147,133; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $215,519$252,255
X-2 Savings and temporary cash investmentsStart of year $4,392,348$5,222,281
X-3 Pledges and grants receivableStart of year $1,639,911$1,214,861
X-4 Accounts receivableStart of year $2,081,086$2,478,558
X-9 Prepaid expenses and deferred chargesStart of year $676,489$1,123,399
X-10c Land, buildings and equipment, netStart of year $70,259,311$81,068,054
X-11 Publicly traded securitiesStart of year $54,803,505$59,188,849
X-15 Other assetsStart of year $7,076,622$1,217,862
X-16 Total assetsStart of year $141,304,994$151,913,252
X-17 Accounts payable and accrued expensesStart of year $3,862,386$4,637,248
X-18 Grants payableStart of year $354,064$390,905
X-19 Deferred revenueStart of year $2,802,079$3,171,517
X-20 Tax-exempt bond liabilitiesStart of year $39,294,122$42,685,493
X-25 Other liabilitiesStart of year $1,752,766$405,948
X-26 Total liabilitiesStart of year $48,065,417$51,291,111
X-27 Net assets without donor restrictionsStart of year $72,620,066$78,705,325
X-28 Net assets with donor restrictionsStart of year $20,619,511$21,916,816
X-32 Total net assets or fund balancesStart of year $93,239,577$100,622,141
X-33 Total liabilities and net assetsStart of year $141,304,994$151,913,252
Part XI · Reconciliation of net assets $100,622,141 net assets at year end
XI-1 Total revenue$65,894,279
XI-2 Total expenses$62,248,435
XI-3 Revenue less expenses$3,645,844
XI-4 Net assets at start of year$93,239,577
XI-5 Net unrealized gains (losses) on investments$3,736,720
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$100,622,141

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.