Regis College EIN 04-2104451 Form 990 (PDF) Claim this org

Regis College FY2021 filing

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Educates students in nursing, health sciences, arts, sciences, business, and communications. For fiscal year 2021 it reported $98.3M in revenue, $96.4M in expenses, and $53.5M in net assets.Pt I

Founded
1927
Type
Higher education institution · Colleges & Universities
Location
Weston, MA
Website
www.regiscollege.edu
Filings
4 on file (2021–2021)
Revenue
$98.3MFY2021
Expenses
$96.4M
Net assets
$53.5M
People
38
Filings
4
Updates
0
More identity details & actions ⌄
EIN  04-2104451 Higher education institution Weston, MA Founded 1927
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 7/6/26 · see original: IRS
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Size
$100M+
What they do
Educates students in nursing, health sciences, arts, sciences, business, and communications.
Leadership
Antoinette M Hays · President · $393K
Money in and out
$98.3M revenue, $96.4M expenses
Bottom line
+2% operating surplus
Financial scale & money flow · FY2021
Total revenue
$98.3M
Pt VIII · Ln 12
Total expenses
$96.4M
Pt IX · Ln 25
Net assets
$53.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2.0M
Where spending went · Part IX cols B–D
Program services $0.68 Management & general $0.31 Fundraising $0.01
Operating surplus
+2%
revenue over expenses, this legal entity
Payroll share
42%
of this entity's spending is salaries & benefits
Program spending
68%
of expenses reach program services

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$98.3M
FY2021
Expenses
$96.4M
FY2021
Total assets
$126.5M
FY2021
Total liabilities
$73.0M
FY2021
Total revenue
$98.3M
Pt VIII · Ln 12
Total expenses
$96.4M
Pt IX · Ln 25
Net assets
$53.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2.0M
Total assetsPt X · Ln 16$126.5M
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 329
Independent voting membersPt I · Ln 427
Mission & Programs · Part III

Where the work happens

3 program services account for $59.8M of program spending, described in the organization's own filed words · FY2020.
01

Auxiliary Enterprises

Provide dining services, residential hall services, children's learning center,for approximately 3,000 students and lifelong learning program for community.

$26.0Mprogram expense
02

Instruction

Knowledge generation and the delivery of education to approximately 3000 undergraduate and graduate students in daytime, evening, and weekend programs in four schools; the school of nursing, the school of health sciences ,the school of arts and sciences and the school of business and communications.

$25.7Mprogram expense
03

Academic Affairs

Deans' administrative offices, global support and library and academic support services for approximately 3000 students

$8.1Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRegis College
EINHdr · item D04-2104451
Principal addressHdr · item CWeston, MA
WebsiteHdr · item Jwww.regiscollege.edu
Year of formationHdr · item L1927
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFColleges & Universities (B420)
Ruling yearIRS BMFMay 1995

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a29
Independent voting membersPt VI · Ln 1b27
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 · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$393,266Pt VII · Sec A
Interim CFO/ Treasurer
$210,893Pt VII · Sec A
Senior VP/ Chief Operating Officer
$197,212Pt VII · Sec A
VP of Graduate Affairs & Enrollment
$181,649Pt VII · Sec A
Vice President Marketing and Communications
$154,729Pt VII · Sec A
VP of Academic Affairs
$147,296Pt VII · Sec A
Associate Professor
$146,713Pt VII · Sec A
$0Pt VII · Sec A

Antoinette M Hays’s $439K as President is at the 29th percentile of top reported officer pay among 674 $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

NameFY2024FY2024FY2023FY2022FY2021
Antoinette M Hays$439,378$507,931$504,364$450,384$393,266
Richard Kelley$230,381$225,454$224,728$201,882
Mary Erina Driscoll$202,424$216,728$204,839$187,152$147,296
Michael Halloran$210,893
Kara Kolomitz$206,194$197,212
Christopher Lydon$191,461
Staci Shea$183,946$187,437
Michael Guilfoyle$183,383

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$91.6M · 93%
Contributions & grants$4.8M · 5%
Other revenue$1.9M · 2%
Program service revenue93%$91.6M
Contributions & grants5%$4.8M
Other revenue2%$1.9M
— government grantsLn 1e$1.9M
Total revenueLn 12$98.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.31 Fundraising $0.01
Program services68%$65.5M
Management & general31%$29.6M
Fundraising1%$1.3M
Total functional expensesLn 25$96.4M

Balance Sheet

Part X · end of year
CashLn 1$17.7M
Total assetsLn 16$126.5M
Total liabilitiesLn 26$73.0M
Total net assetsLn 32$53.5M
Months of cash on handcomputed2.2

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $49.9M · Operating expenses (Pt IX) $96.4M · Less non-cash grants $582K · Cash operating expenses/yr $95.8M
6.3 months
Where the money goes
Program services
Program services $65.5M · Total expenses $96.4M
68%
Management & General
Management & general $29.6M · Total expenses $96.4M
31%
Fundraising
Fundraising $1.3M · Total expenses $96.4M
1%
Cost to raise $1
Fundraising expense $1.3M · Solicited contributions $2.9M
$0.45 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $4.8M · Total revenue $98.3M
5%
Government reliance
Government grants $1.9M · Total revenue $98.3M
2%
Earned-income share
Program service revenue $91.6M · Total revenue $98.3M
93%
Investment reliance
Investment income $-65K · Total revenue $98.3M
-0.07%
Program self-sufficiency
Program service revenue $91.6M · Total expenses $96.4M
95%
Growth & trend
Revenue growth (YoY)
This year $98.3M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $53.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $98.3M · Expenses $96.4M
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $126.5M
Net-asset ratio
Net assets $53.5M · Total assets $126.5M
42%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $32.2M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $126.5M
25%
People & payroll
Highest Reported Total Compensation
Individual Antoinette M Hays · Reported title PRESIDENT · Highest reported compensation $393K · Total expenses $96.4M
0.4%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $40.0M · Total expenses $96.4M
42%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 68%
Overhead ratio 31%
Fundraising cost ratio 27%
Investment management fee ratio 0.2%
Legal fee ratio 0.05%
Accounting fee ratio 0.1%

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
Total grants receivedfrom 2 funders$40K
Grants paid · 559 grants · $123.6M · 2020–2024
Unitemized GrantFY2024$5,297,800
Unitemized GrantFY2024$3,655,090
Unitemized GrantFY2024$2,194,500
Unitemized GrantFY2024$2,066,722
Unitemized GrantFY2024$1,872,500
Unitemized GrantFY2024$1,761,195
Unitemized GrantFY2024$1,501,500
Unitemized GrantFY2024$1,339,217
Unitemized GrantFY2024$1,338,699
Unitemized GrantFY2024$922,580
Unitemized GrantFY2024$746,475
Unitemized GrantFY2024$459,721
Unitemized GrantFY2024$407,000
Unitemized GrantFY2024$347,760
Unitemized GrantFY2024$253,875
Unitemized GrantFY2024$180,500
Unitemized GrantFY2024$176,186
Unitemized GrantFY2024$168,297
See all 559 grants →

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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$99.7M revenue · ⤓ 990 PDF
FY2023$102.9M revenue · ⤓ 990 PDF
FY2022$107.7M revenue · ⤓ 990 PDF
FY2021$98.3M revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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