Civic Intelligence

Rivier University

990 • Fiscal year 2014 • EIN 02-0223339

Jul 01, 2013 to Jun 30, 2014 • Filed on Dec 05, 2014

Refreshing map…

420 South Main StreetNashua, NH 03060-5086

(603) 888-1311

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

44th percentile

0.26x

Higher debt load relative to assets than 44% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

55th percentile

0.51x

Higher debt load relative to revenue than 55% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Net Margin

56th percentile

6.0%

Higher net margin than 56% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

17th percentile

$170,434

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Asset Growth

72nd percentile

12%

Faster asset growth than 72% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Revenue Growth

50th percentile

5.2%

Faster revenue growth than 50% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Assets

Up

$87,759,564

Up $9,054,936 (+12%) from 2013

Net Assets

Up

$65,178,259

Up $8,193,221 (+14%) from 2013

Liabilities

Up

$22,581,305

Up $861,715 (+4.0%) from 2013

Revenue

Up

$43,883,899

Up $2,150,520 (+5.2%) from 2013

Expenses

Up

$41,266,851

Up $752,856 (+1.9%) from 2013

Net Income

Up

$2,617,048

Up $1,397,664 (+115%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200M$150M$100M$50M$0Assets 2010: $71,175,989Liabilities 2010: $25,173,338Net Assets 2010: $46,002,6512010Assets 2011: $75,677,285Liabilities 2011: $22,506,784Net Assets 2011: $53,170,5012011Assets 2012: $75,305,851Liabilities 2012: $24,414,758Net Assets 2012: $50,891,0932012Assets 2013: $78,704,628Liabilities 2013: $21,719,590Net Assets 2013: $56,985,0382013Assets 2014: $87,759,564Liabilities 2014: $22,581,305Net Assets 2014: $65,178,2592014Assets 2015: $90,534,700Liabilities 2015: $22,512,826Net Assets 2015: $68,021,8742015Assets 2016: $90,845,400Liabilities 2016: $23,127,541Net Assets 2016: $67,717,8592016Assets 2017: $95,232,940Liabilities 2017: $21,818,989Net Assets 2017: $73,413,9512017Assets 2018: $98,365,943Liabilities 2018: $20,628,994Net Assets 2018: $77,736,9492018Assets 2019: $121,366,322Liabilities 2019: $40,835,928Net Assets 2019: $80,530,3942019Assets 2020: $127,299,502Liabilities 2020: $48,192,317Net Assets 2020: $79,107,1852020Assets 2021: $135,744,912Liabilities 2021: $42,792,074Net Assets 2021: $92,952,8382021Assets 2022: $141,304,994Liabilities 2022: $48,065,417Net Assets 2022: $93,239,5772022Assets 2023: $151,913,252Liabilities 2023: $51,291,111Net Assets 2023: $100,622,1412023Assets 2024: $171,092,886Liabilities 2024: $59,956,657Net Assets 2024: $111,136,2292024

Highlighted filing

2014

Assets$87,759,564
Liabilities$22,581,305
Net Assets$65,178,259

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$80M$60M$40M$20M$0Expenses 2010: $36,606,6542010Expenses 2011: $39,455,7942011Revenue 2012: $40,126,966Expenses 2012: $39,894,403Net Income 2012: $232,5632012Revenue 2013: $41,733,379Expenses 2013: $40,513,995Net Income 2013: $1,219,3842013Revenue 2014: $43,883,899Expenses 2014: $41,266,851Net Income 2014: $2,617,0482014Revenue 2015: $45,043,710Expenses 2015: $41,068,778Net Income 2015: $3,974,9322015Revenue 2016: $45,139,680Expenses 2016: $43,549,845Net Income 2016: $1,589,8352016Revenue 2017: $46,702,603Expenses 2017: $44,110,561Net Income 2017: $2,592,0422017Revenue 2018: $48,245,597Expenses 2018: $45,469,107Net Income 2018: $2,776,4902018Revenue 2019: $52,919,901Expenses 2019: $48,217,330Net Income 2019: $4,702,5712019Revenue 2020: $50,041,895Expenses 2020: $48,847,719Net Income 2020: $1,194,1762020Revenue 2021: $55,240,683Expenses 2021: $49,874,392Net Income 2021: $5,366,2912021Revenue 2022: $64,521,014Expenses 2022: $57,501,248Net Income 2022: $7,019,7662022Revenue 2023: $65,894,279Expenses 2023: $62,248,435Net Income 2023: $3,645,8442023Revenue 2024: $73,930,147Expenses 2024: $68,864,195Net Income 2024: $5,065,9522024

Highlighted filing

2014

Revenue$43,883,899
Expenses$41,266,851
Net Income$2,617,048
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Dec 5, 2014
Return Version
2013v3.1
Gross Receipts
$44,438,126
Mission and Program Overview

Mission

Founded by the Sisters of the Presentation of Mary, Rivier University is a Catholic coeducational institution dedicated to transforming hearts and minds to serve the world. The University is dedicated to the education of undergraduate,graduate, and doctoral students in both the liberal arts and professional courses of study.

Founded by the sisters of the presentation of mary, rivier university is a catholic coeducational institition dedicated to transforming hearts and minds to serve the world. The university is dedicated to the education of undergraduate,graduate, and doctoral students in both the liberal arts and professional courses of study.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$42,806,644$48,444,100▲ $5,637,456
Land, Buildings, and Equipment, Net$31,391,542$35,138,930▲ $3,747,388
Accounts Receivable$1,373,768$1,272,785▼ $100,983
Savings and Temporary Cash Investments$1,439,988$1,205,201▼ $234,787
Prepaid Expenses and Deferred Charges$918,093$862,776▼ $55,317
Other Notes and Loans Receivable, Net$537,635$497,859▼ $39,776
Pledges and Grants Receivable$105,806$238,671▲ $132,865
Cash and Non-Interest-Bearing Accounts$82,089$53,025▼ $29,064
Inventories for Sale or Use$49,063$46,217▼ $2,846
Total Assets$78,704,628$87,759,564▲ $9,054,936
Liabilities
Tax Exempt Bond Liabilities$15,960,000$15,560,000▼ $400,000
Accounts Payable and Accrued Expenses$3,965,595$4,241,645▲ $276,050
Deferred Revenue$1,278,682$1,367,540▲ $88,858
Other Liabilities$32,992$927,765▲ $894,773
Grants Payable$482,321$484,355▲ $2,034
Total Liabilities$21,719,590$22,581,305▲ $861,715
Net Assets / Fund Balance
Unrestricted Net Assets$43,770,638$50,833,887▲ $7,063,249
Permanently Rstr Net Assets$6,964,947$7,401,745▲ $436,798
Temporarily Rstr Net Assets$6,249,453$6,942,627▲ $693,174
Total Net Assets Fund Balance$56,985,038$65,178,259▲ $8,193,221
Total Liabilities and Net Assets / Fund Balance$78,704,628$87,759,564▲ $9,054,936

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$27,615,483$16,132,798$43,748,281
Equipment$2,374,532$7,285,503$9,660,035
Other Land Buildings$3,681,414$489,897$4,171,311
Land$1,467,501-$1,467,501

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$32,022,619$436,797▲ $5,550,302-$35,851,698
2012$29,279,138$174,593▲ $3,710,419-$32,022,619
2011$29,871,211$131,523▲ $351,640-$29,279,538
2010$25,413,629$442,362▲ $5,012,704-$29,871,211
2009$23,012,712$667,008▲ $2,753,949-$25,413,629
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Dr Carol LangelierChair of Edu$149,505$20,929$170,434
Dr John GleasonChair of Education$149,505$20,929$170,434
Mr Brent WinigerVP Finance &$133,075$19,152$152,227
Mr Brent WinigerVP Finance & Admin$133,075$19,152$152,227
Mr Kurt StimelingVP Student a$113,543$22,025$135,568
Mr Herman SchlieferProfessor$123,863$10,887$134,750
Sister Paula Marie Buley IhmVP Enrollmen$110,282$9,035$119,317
-Chief Infor.$113,280$5,948$119,228
Revenue and Support

Revenue Composition

Contributions and Grants
$1,486,736
Program Service Revenue
$41,227,041
Investment Income
$889,929
Other Revenue
$280,193
All Other Contributions
$827,820
Change in Net Assets
$2,617,048

Audited Revenue Reconciliation

Revenue per Audited Statements
$35,917,098
Revenue Not Reported on Financial Statements
$7,966,801
Revenue Not Reported on Form 990
$5,696,226
Other Revenue Adjustments
$7,966,801
Total Revenue per Audited Statements
$41,613,324
Total Revenue per Form 990
$43,883,899
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$20,655,332
Other Expenses$12,904,589
Grants and Similar Amounts Paid$7,706,930
Total Fundraising Expense$133,541
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$13,796,662$1,855,098$37,929$15,689,689
Grants to Domestic Individuals$7,706,930--$7,706,930
Other Employee Benefits$2,553,702$334,991$7,090$2,895,783
Occupancy$2,370,869$117,799$7,011$2,495,679
All Other Expenses$1,718,172$641,199$61,956$2,421,327
Depreciation Depletion$1,825,677--$1,825,677
Payroll Taxes$1,041,164$133,206$2,910$1,177,280
Interest$569,445$26,231-$595,676
Other Expenses$573,998$324,815$12,517$573,998
Pension Plan Contributions$397,975$48,012$1,124$447,111
Current Officers, Directors, Trustees, and Key Employees$282,109$163,360-$445,469
Information Technology$432,421$10,327-$442,748
Advertising$376,765$27,394-$404,159
Travel$263,398$28,891$258$292,547
Fees for Services Management-$239,476-$239,476
Office Expenses$191,063$44,715$2,426$238,204
Insurance$72,503$127,758-$200,261
Conferences and Meetings$110,520$21,102$320$131,942
Fees for Services Accounting-$70,900-$70,900
Fees for Services Legal-$42,950-$42,950
Total Functional Expenses$36,852,578$4,280,732$133,541$41,266,851

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$41,266,851
Total Expenses per Audited Statements$33,420,103
Expenses per Audited Statements$33,300,050
Expenses Not Reported on Financial Statements$7,966,801
Other Expense Adjustments$7,966,801
Expenses Not Reported on Form 990$120,053
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$117,421
Fundraising Direct Expenses$34,755
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$113,025$113,025$20,958$92,067
Total Events$113,025$113,025$20,958$92,067
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Sisters of Presentation of MaryCorp. MembersSee Sch R Part V2No$430,952
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unamortized Facilities Financing$900,000
Copier Lease$27,765
Recycle Center-

Bond Issues

BondIssuerIssuedIssue PricePurpose
A02-02798662008-02-08$17,745,000SCHEDULE O

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$17,745,000$9,406,293$2,185,000$338,707

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Sisters of the presentation of mary

Form 990, Page 6, Part VI, Line 11B

In addition to a review by the board of trustee audit committee, a copy of the form 990 is provided to all board members for their review and comments.

Form 990, Page 6, Part VI, Line 12C

The university's corporation and board of trustees, directors, and key employees complete an "annual conflict of interest disclosure statement" that not only address federal, but also new hampshire state law, requirements. The board of trustee audit committee reviews a summary of the annual conflict of interest disclosure statement submitted by members of the university's corporation and board of trustees, directors, and key employees. Any issues needing resolution are referred by the audit committee to the board of trustees executive committee for resolution.

Form 990, Page 6, Part VI, Line 15A

The process for determining the compensation involves comparisons with comparable schools, as reported on their form 990's.

Form 990, Page 6, Part VI, Line 19

The documents are made available to the public upon request.

Filing and Contact Details

Filer

EIN
02-0223339
Phone
6038881311

Signing Officer

Name
Brent Winiger
Title
VP of Finance & Operations
Phone
6038881311
Signed
2014-12-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sister Paula Marie Buley Ihm
Formed
1947
Legal Domicile
Nh
Voting Board Members
22
Independent Board Members
19
Employees
918
Volunteers
85

Preparer

Preparer
Peter J Houde CPA
Phone
6038822785
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Founded by the sisters of the presentation of mary, rivier university is a catholic coeducational institition dedicated to transforming hearts and minds to serve the world. The university is dedicated to the education of undergraduate,graduate, and doctoral students in both the liberal arts and professional courses of study.

Form 990, Page 2, Part III, Line 4D

Other program services include (a) conferences and workshops, most of which occur during the summer months, (b)bookstore space rental, (c)youth sports camps run by the athletic department during the summer, (d) recovery of accounts receivable expensed in prior years (e)student dormitory policy violation fees, and (f) student club dues and revenues.

Form 990, Part XI, Line 9

Part xii, line 2d, rental expenses 85,298 part xii, line 2d, fundraising events 34,755 part ix, line 2, student scholarships & grants -7,706,930 part ix, line 7, student labor -259,871 part viii, line 6b, rental expenses -85,298 part viii, line 8b, fundraising events expenses -34,755 part ix, line 2, grants 7,706,930 part ix, line 7, student labor 259,871

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Part xii, line 2d, rental expenses 85,298 part xii, line 2d, fundraising events 34,755

Schedule D, Page 4, Part XI, Line 4B

Part ix, line 2, student scholarships & grants 7,706,930 part ix, line 7, student labor 259,871

Schedule D, Page 4, Part XII, Line 2D

Part viii, line 6b, rental expenses 85,298 part viii, line 8b, fundraising events expenses 34,755

Schedule D, Page 4, Part XII, Line 4B

Part ix, line 2, grants 7,706,930 part ix, line 7, student labor 259,871

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IRS990/MissionDesc0FOUNDED BY THE SISTERS OF THE PRESENTATION OF MARY, RIVIER UNIVERSITY IS A CATHOLIC COEDUCATIONAL INSTITITION DEDICATED TO TRANSFORMING HEARTS AND MINDS TO SERVE THE WORLD. THE UNIVERSITY IS DEDICATED TO THE EDUCATION OF UNDERGRADUATE,GRADUATE, AND DOCTORAL STUDENTS IN BOTH THE LIBERAL ARTS AND PROFESSIONAL COURSES OF STUDY.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Summary only. Only limited summary data is available for this year.$171$60.0$111$73.9$68.9$5.07
2023Summary only. Only limited summary data is available for this year.$152$51.3$101$65.9$62.2$3.65
2022Summary only. Only limited summary data is available for this year.$141$48.1$93.2$64.5$57.5$7.02
2021Summary only. Only limited summary data is available for this year.$136$42.8$93.0$55.2$49.9$5.37
2020Summary only. Only limited summary data is available for this year.$127$48.2$79.1$50.0$48.8$1.19
2019Summary only. Only limited summary data is available for this year.$121$40.8$80.5$52.9$48.2$4.70
2018Summary only. Only limited summary data is available for this year.$98.4$20.6$77.7$48.2$45.5$2.78
2017Summary only. Only limited summary data is available for this year.$95.2$21.8$73.4$46.7$44.1$2.59
2016Summary only. Only limited summary data is available for this year.$90.8$23.1$67.7$45.1$43.5$1.59
2015Summary only. Only limited summary data is available for this year.$90.5$22.5$68.0$45.0$41.1$3.97
2014Detailed filing. Detailed filing data is available for this year.$87.8$22.6$65.2$43.9$41.3$2.62
2013Summary only. Only limited summary data is available for this year.$78.7$21.7$57.0$41.7$40.5$1.22
2012Summary only. Only limited summary data is available for this year.$75.3$24.4$50.9$40.1$39.9$0.23
2011Summary only. Only limited summary data is available for this year.$75.7$22.5$53.2$39.5
2010Summary only. Only limited summary data is available for this year.$71.2$25.2$46.0$36.6
Peer Organizations

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