Regis College FY2022 filing

Tax-deductible

Weston, MA501(c)(3)Since 1927Colleges & UniversitiesEIN 04-2104451Revenue $107.7M in FY2022

On file with the IRSregiscollege.edu235 Wellesley Street, 02493-1572 · Weston, MATax-exempt since May 1995School — 170(b)(1)(A)(ii)

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Regis College, through education in the arts, sciences, and professions empowers women and men to challenge themselves academically, to serve and to lead. A catholic College, Regis is a diverse and welcoming community guided by the values of the sisters of st. Joseph of boston.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
$1.5M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
2 of 4
filings with a surplus
Average deficit $3.0M a year · 3% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.5M
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $40K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$63.4M
58% of total assets
Fine: liabilities are 58% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
26
of 27 voting members
Looks good: 26 of 27 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$107.7M
+9% vs prior year
Spent
$107.4M
To programs
69%
Net assets
$46.1M
By yearFY2021–FY2024
Revenue
$107.7M
FY2022▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2021$98.3M
FY2022$107.7M
FY2023$102.9M
FY2024$99.7M
FY2024$109.4M
Expenses
$107.4M
FY2022▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2021$96.4M
FY2022$107.4M
FY2023$110.1M
FY2024$106.9M
FY2024$103.0M
Net assets
$46.1M
FY2022▼ -14%
Tap a bar for its year
Net assets by fiscal year
FY2021$53.5M
FY2022$46.1M
FY2023$48.7M
FY2024$43.3M
FY2024$47.1M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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 May 1995.

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

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $73.9M Management & general 30% · $31.8M Fundraising 2% · $1.7M

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

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Who runs it and what they're paid

33 people listed on the 990; $1.5M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$450,384Pt VII · Sec A
Senior VP/ Chief Operating Officer
$206,194Pt VII · Sec A
VP Finance and Business/CFO
$201,882Pt VII · Sec A
$187,152Pt VII · Sec A
Associate Professor
$168,410Pt VII · Sec A
VP of Information Technology Services/ CIO
$161,251Pt VII · Sec A
VP of Graduate Affairs & Enrollment
$157,206Pt 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.

See Regis College executive salaries →

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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 nursing, health sciences, arts, sciences, business, and communications.

Provided by the organization

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3 programs · $67.6M · in their own filed words · FY2021
01

Auxiliary Enterprises

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

$28.8Mprogram 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.

$28.4Mprogram expense
03

Student Affairs

Provide health services, undergraduate admissions, campus ministry, inter-collegiate athletics and student activity services for approximately 3000 students.

$10.5Mprogram 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$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 →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$107.7M
Ln 12
Fees for servicesLn 2g$99.3M
Gifts and grantsLn 1h$6.8M
Other incomeLn 4–11$1.6M
Money outPt IX
$107.4M
Ln 25
Programscol B$73.9M
Managementcol C$31.8M
Fundraisingcol D$1.7M
Owns and owesPt X
$46.1M
net assets · Ln 32
Cash and savingsLn 1–2$12.5M
Total assetsLn 16$109.5M
LiabilitiesLn 26$63.4M
PeoplePt VI, VII
33
listed · VII A
PaidVII A7
Voting boardVI 1a27
IndependentVI 1b26
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.8M
Government grantsLn 1e$1.9M
Noncash giftsLn 1g$135K
Fundraising eventsLn 1c$653K
Fees for servicesLn 2g$99.3M
Investment incomeLn 3$300K
Other incomeLn 4–11$1.6M
Gains on assetsLn 7−$1.0M
Total revenueLn 12$107.7M
Assets in detailPt X, end of year
CashLn 1$12.5M
Cash and savings togetherLn 1–2$12.5M
InvestmentsLn 11–13$48.1M
Land, buildings, equipmentLn 10c$42.2M
Other assetsLn 15$4.2M
Total assetsLn 16$109.5M
LiabilitiesLn 26$63.4M
Net assetsLn 32$46.1M
OperationsPt I, VI
EmployeesI 51,104
VolunteersI 6455
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 FY22End FY22
Cash and savingsLn 1–2$17.7M$12.5M
InvestmentsLn 11–13$53.3M$48.1M
Land, buildings, equipmentLn 10c$45.0M$42.2M
Total assetsLn 16$126.5M$109.5M
LiabilitiesLn 26$73.0M$63.4M
Net assetsLn 32$53.5M$46.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$24.4M$24.4M
Grants and assistance to foreign recipientsLn 3$43K$43K
Pay of current officers, directors and key staffLn 5$775K$775K
Other salaries and wagesLn 7$36.3M$29.0M$6.3M$970K
Pension plan contributionsLn 8$608K$476K$116K$16K
Other employee benefitsLn 9$4.9M$3.8M$964K$130K
Payroll taxesLn 10$2.9M$2.3M$516K$76K
Legal feesLn 11b$65K$65K
Accounting feesLn 11c$122K$122K
Investment management feesLn 11f$348K$348K
Other fees for servicesLn 11g$18.6M$942K$17.5M$94K
Advertising and promotionLn 12$496K$456K$40K
Office expensesLn 13$671K$456K$159K$56K
Information technologyLn 14$731K$594K$135K$1K
OccupancyLn 16$2.8M$2.0M$690K$82K
TravelLn 17$324K$274K$21K$29K
Conferences, conventions and meetingsLn 19$88K$74K$14K$7
InterestLn 20$1.3M$981K$322K$38K
Depreciation, depletion and amortizationLn 22$3.8M$2.8M$928K$109K
InsuranceLn 23$606K$606K
Other expenses (24a–d)Ln 24$6.8M$4.8M$1.9M$68K
All other expensesLn 24e$652K$457K$176K$19K
Total functional expensesLn 25$107.4M$73.9M$31.8M$1.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $99.7M$106.9M−$7.1M$43.3M 990 PDF
FY2023 $102.9M$110.1M−$7.2M$48.7M 990 PDF
FY2022 Viewing $107.7M$107.4M$324K$46.1M 990 PDF
FY2021 $98.3M$96.4M$2.0M$53.5M 990 PDF

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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 FY2022 990 (6 parts)
Part I · Summary $107,679,867 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,799,622$6,782,050
I-9 Program service revenuePrior year $91,619,503$99,266,081
I-10 Investment incomePrior year −$64,686−$709,086
I-11 Other revenuePrior year $1,985,868$2,340,822
I-12 Total revenuePrior year $98,340,307$107,679,867
I-13 Grants and similar amounts paidPrior year $22,554,405$24,454,048
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $40,040,039$45,439,797
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $33,781,574$37,462,198
I-18 Total expensesPrior year $96,376,018$107,356,043
I-19 Revenue less expensesPrior year $1,964,289$323,824
Part VI · Governance 26 of 27 board members independent, no flags
VI-1a Voting members of the governing body27
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 $107,679,867 across 11 lines filed
VIII-1c Fundraising events$653,220
VIII-1e Government grants$1,855,184
VIII-1f All other contributions, gifts and grants$4,273,646
VIII-1g Noncash contributions (included above)$135,029
VIII-1h Total contributions, gifts and grants$6,782,050
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $99,266,081$99,266,081
VIII-3 Investment incomeExcluded from tax $300,272$300,272
VIII-6 Net rental income or lossExcluded from tax $2,439,115$2,439,115
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$1,009,358−$1,009,358
VIII-8 Net income from fundraising eventsExcluded from tax −$98,293−$98,293
VIII-12 Total revenueRelated to mission $99,266,081 · Unrelated business $0 · Excluded from tax $1,631,736$107,679,867
Part IX · Statement of functional expenses $107,356,043 across 22 lines filed
IX-2 Grants to domestic individualsPrograms $24,411,077$24,411,077
IX-3 Grants and assistance to foreign recipientsPrograms $42,971$42,971
IX-5 Pay of current officers, directors and key staffManagement $775,274$775,274
IX-7 Other salaries and wagesPrograms $29,009,946 · Management $6,317,741 · Fundraising $970,079$36,297,766
IX-8 Pension plan contributionsPrograms $476,090 · Management $116,039 · Fundraising $16,093$608,222
IX-9 Other employee benefitsPrograms $3,798,688 · Management $963,727 · Fundraising $129,691$4,892,106
IX-10 Payroll taxesPrograms $2,274,355 · Management $516,479 · Fundraising $75,595$2,866,429
IX-11b Legal feesManagement $64,846$64,846
IX-11c Accounting feesManagement $122,010$122,010
IX-11f Investment management feesManagement $347,863$347,863
IX-11g Other fees for servicesPrograms $941,887 · Management $17,538,238 · Fundraising $93,531$18,573,656
IX-12 Advertising and promotionPrograms $456,296 · Management $40,060$496,356
IX-13 Office expensesPrograms $456,500 · Management $158,510 · Fundraising $55,795$670,805
IX-14 Information technologyPrograms $594,482 · Management $134,630 · Fundraising $1,418$730,530
IX-16 OccupancyPrograms $2,040,017 · Management $690,407 · Fundraising $81,590$2,812,014
IX-17 TravelPrograms $273,792 · Management $20,686 · Fundraising $29,386$323,864
IX-19 Conferences, conventions and meetingsPrograms $73,621 · Management $14,190 · Fundraising $7$87,818
IX-20 InterestPrograms $981,220 · Management $322,378 · Fundraising $38,097$1,341,695
IX-22 Depreciation, depletion and amortizationPrograms $2,796,147 · Management $927,877 · Fundraising $108,564$3,832,588
IX-23 InsuranceManagement $606,141$606,141
IX-24 Other expenses (24a–d)Programs $4,821,198 · Management $1,910,295 · Fundraising $68,428$6,799,921
IX-24e All other expensesPrograms $457,003 · Management $176,191 · Fundraising $18,897$652,091
IX-25 Total functional expensesPrograms $73,905,290 · Management $31,763,582 · Fundraising $1,687,171$107,356,043
Part X · Balance sheet $109,512,086 assets, 17 lines filed
Asset lines not itemized here account for $952,397; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $17,684,566$12,528,221
X-3 Pledges and grants receivableStart of year $4,067,271$1,360,447
X-4 Accounts receivableStart of year $994,891$211,890
X-10c Land, buildings and equipment, netStart of year $45,012,025$42,188,092
X-11 Publicly traded securitiesStart of year $32,212,355$26,957,012
X-13 Program-related investmentsStart of year $21,100,000$21,100,000
X-15 Other assetsStart of year $4,298,460$4,214,027
X-16 Total assetsStart of year $126,539,592$109,512,086
X-17 Accounts payable and accrued expensesStart of year $19,464,849$12,719,413
X-19 Deferred revenueStart of year $6,873,885$6,076,950
X-20 Tax-exempt bond liabilitiesStart of year $42,644,785$41,282,339
X-25 Other liabilitiesStart of year $3,055,951$2,489,914
X-26 Total liabilitiesStart of year $73,004,750$63,387,879
X-27 Net assets without donor restrictionsStart of year $18,490,228$17,780,229
X-28 Net assets with donor restrictionsStart of year $35,044,614$28,343,978
X-32 Total net assets or fund balancesStart of year $53,534,842$46,124,207
X-33 Total liabilities and net assetsStart of year $126,539,592$109,512,086
Part XI · Reconciliation of net assets $46,124,207 net assets at year end
XI-1 Total revenue$107,679,867
XI-2 Total expenses$107,356,043
XI-3 Revenue less expenses$323,824
XI-4 Net assets at start of year$53,534,842
XI-5 Net unrealized gains (losses) on investments−$4,734,459
XI-9 Other changes in net assets−$3,000,000
XI-10 Net assets at end of year$46,124,207

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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