Civic Intelligence

Rivier University

990 • Fiscal year 2020 • EIN 02-0223339

Jul 01, 2019 to Jun 30, 2020 • Filed on May 11, 2021

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

57th percentile

0.38x

Higher debt load relative to assets than 57% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Liabilities / Revenue

69th percentile

0.96x

Higher debt load relative to revenue than 69% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Net Margin

45th percentile

2.4%

Higher net margin than 45% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Top Officer Pay

11th percentile

$186,319

Higher top officer pay than 11% of similar nonprofits.

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

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Asset Growth

49th percentile

4.9%

Faster asset growth than 49% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Revenue Growth

29th percentile

-5.4%

Faster revenue growth than 29% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Assets

Up

$127,299,502

Up $5,933,180 (+4.9%) from 2019

Net Assets

Down

$79,107,185

Down $1,423,209 (-1.8%) from 2019

Liabilities

Up

$48,192,317

Up $7,356,389 (+18%) from 2019

Revenue

Down

$50,041,895

Down $2,878,006 (-5.4%) from 2019

Expenses

Up

$48,847,719

Up $630,389 (+1.3%) from 2019

Net Income

Down

$1,194,176

Down $3,508,395 (-75%) from 2019

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

2020

Assets$127,299,502
Liabilities$48,192,317
Net Assets$79,107,185

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

2020

Revenue$50,041,895
Expenses$48,847,719
Net Income$1,194,176
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 11, 2021
Return Version
2019v5.2
Gross Receipts
$56,838,553
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$42,238,440$59,861,568▲ $17,623,128
Investments in Publicly Traded Securities$53,903,090$53,304,396▼ $598,694
Savings and Temporary Cash Investments$3,223,207$4,556,405▲ $1,333,198
Accounts Receivable$786,686$1,498,461▲ $711,775
Prepaid Expenses and Deferred Charges$507,715$438,869▼ $68,846
Pledges and Grants Receivable$587,506$412,647▼ $174,859
Other Notes and Loans Receivable, Net$390,148$334,726▼ $55,422
Cash and Non-Interest-Bearing Accounts$124,159$231,840▲ $107,681
Inventories for Sale or Use$23,600$23,600→ $0
Total Assets$121,366,322$127,299,502▲ $5,933,180
Other Assets Total$19,581,771$6,636,990▼ $12,944,781
Liabilities
Tax Exempt Bond Liabilities$30,336,109$30,193,858▼ $142,251
Other Liabilities$3,458,266$8,402,349▲ $4,944,083
Accounts Payable and Accrued Expenses$4,220,300$6,447,936▲ $2,227,636
Deferred Revenue$2,268,990$2,573,498▲ $304,508
Grants Payable$443,128$505,648▲ $62,520
Mortgage Notes Payable Secured by Investment Property$109,135$69,028▼ $40,107
Total Liabilities$40,835,928$48,192,317▲ $7,356,389
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$60,465,746$58,519,277▼ $1,946,469
Net Assets With Donor Restrictions$20,064,648$20,587,908▲ $523,260
Total Net Assets Fund Balance$80,530,394$79,107,185▼ $1,423,209
Total Liabilities and Net Assets / Fund Balance$121,366,322$127,299,502▲ $5,933,180

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$36,980,373$23,378,668$60,359,041
Other Land Buildings$17,550,935$526,377$18,077,312
Equipment$2,507,840$11,986,077$14,493,917
Land$2,822,420-$2,822,420
Other Assets Org$6,636,990--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$41,389,109$573,109▲ $620,015-$40,959,845
2018$39,867,886$577,988▲ $2,714,595-$41,389,109
2017$37,333,637$1,231,032▲ $2,760,841-$39,867,886
2016$34,307,430$610,089▲ $3,829,907-$37,333,637
2015$35,557,978$498,329▼ $186,869-$34,307,430
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Douglas HowardVP Academic AffairsFT$177,849$8,470$186,319
John ParkerVP Finance & AdminFT$151,913$15,674$167,587
Dr John GleasonChair of EducationFT$144,749$18,534$163,283
Ms Karen SchedinVP Enrollment ManagerFT$148,416$14,399$162,815
Mr Kurt StimelingVP Student AffairsFT$129,445$20,154$149,599
Karen CooperVP University AdvanceFT$121,740$20,615$142,355
Robert WalrathDirector of Psy DivFT$127,701$12,008$139,709
Paula WilliamsDean of NursingFT$126,117$7,359$133,476
Carol LangelierProfessorFT$114,049$11,225$125,274
Angela MousseauDean of Arts & ScienceFT$113,451$208$113,659

Highest Paid Contractors

ContractorServicesLocationCompensation
Ellucian Company LPIT Services52578 Collections Center Dr, Chicago, IL 60693-0625$1,630,440
Derck & Edson Associates LLPConstruction33 South Broad Street, Lititz, PA 17543$477,196
Burke Advertising LLCAdvertising9 Cedarwood Dr Suite 11, Bedford, NH 03110$459,060
Fastspot LLCWebsite Design2980 Falls Road, Baltimore, MD 21211$190,134
Trident Building LLCConsulting155 N Broadway, Salem, NH 03079$168,383
Revenue and Support

Revenue Composition

Contributions and Grants
$3,268,687
Program Service Revenue
$45,095,216
Investment Income
$1,679,875
Other Revenue
$-1,883
All Other Contributions
$958,468
Change in Net Assets
$1,194,176

Audited Revenue Reconciliation

Revenue per Audited Statements
$35,195,825
Revenue Not Reported on Financial Statements
$14,846,070
Revenue Not Reported on Form 990
$-2,478,941
Other Revenue Adjustments
$14,846,070
Total Revenue per Audited Statements
$32,716,884
Total Revenue per Form 990
$50,041,895
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$19,901,538
Grants and Similar Amounts Paid$14,635,308
Other Expenses$14,310,873
Total Fundraising Expense$186,150
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$13,725,349$1,200,977$44,101$14,970,427
Grants to Domestic Individuals$14,635,308--$14,635,308
Occupancy$2,320,123$2,381,029$5,233$4,706,385
Other Employee Benefits$2,350,283$185,077$7,618$2,542,978
Depreciation Depletion$2,089,789--$2,089,789
All Other Expenses$1,342,316$427,578$49,590$1,819,484
Payroll Taxes$1,050,409$91,911$3,375$1,145,695
Current Officers, Directors, Trustees, and Key Employees$504,840$253,358$63,387$821,585
Interest$662,834$31,540-$694,374
Pension Plan Contributions$397,627$21,873$1,353$420,853
Advertising$3,286$397,191-$400,477
Other Expenses$389,552$348,758$9,383$389,552
Insurance$110,169$136,029-$246,198
Travel$197,984$11,010$77$209,071
Fees for Services Management-$202,140-$202,140
Office Expenses$89,359$17,598$1,513$108,470
Fees for Services Accounting-$59,612-$59,612
Conferences and Meetings$44,906$3,386$520$48,812
Information Technology$20,576$2,406-$22,982
Fees for Services Legal-$14,112-$14,112
Total Functional Expenses$42,491,107$6,170,462$186,150$48,847,719

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$48,847,719
Total Expenses per Audited Statements$34,140,093
Expenses per Audited Statements$34,001,649
Expenses Not Reported on Financial Statements$14,846,070
Other Expense Adjustments$14,846,070
Expenses Not Reported on Form 990$138,444
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$40,690
Fundraising Direct Expenses$38,419
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$75,116$34,016$23,439$10,577
Alumni Weekend$6,674$6,674$14,980$-8,306
Total Events$81,790$40,690$38,419$2,271
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
-Corp. MembersCompensation and benefits for leadership and educational services.No$400,162
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Fair Value of Interest Rate Swap Agreement$4,618,682
PPP Loan Payable$3,303,300
Unamortized Facilities Financing$363,444
Copier Lease$61,203
Deferred Management Services$43,151
Postage Meter Lease$12,569

Bond Issues

BondIssuerIssuedIssue PricePurpose
ANH Higher Ed & Health Facilities2019-04-01$30,696,539See Part VI

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$30,696,539$13,330,000$360,430$366,539

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
Yes
Corrective action procedures
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 35% controlled entity
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, Part VI, Section B, 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, Part VI, Section B, line 12

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, Part VI, Section B, line 15A

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

Form 990, Part VI, Section C, line 19

The documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Rivier University
EIN
02-0223339
Phone
6038881311
Address
420 South Main Street, Nashua, NH 03060-5086

Signing Officer

Name
Steven Perrotta
Title
VP Finance and Admin
Phone
6038881311
Signed
2021-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sister Paula Marie Buley
Formed
1947
Legal Domicile
Nh
Voting Board Members
22
Independent Board Members
22
Employees
898
Volunteers
118

Preparer

Firm
Berry Dunn McNeil & Parker LLC
Address
1000 Elm Street 4th Floor, Manchester, NH 03101
Preparer
Melissa Magoon CPA
Phone
6036697337
Supplemental Narrative

Additional Explanations

Form 990, Part X, Line 10: Land, Buildings, and Equipment

Section 1.263(a)-3(n) Election: Rivier University 420 South Main St Nashua, NH 03060-5086 EIN 02-0223339 Rivier University is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n).

Financial Statement Notes

Part V, Line 4:

The overall objective of the University's endowment funds is to provide long-term operational support for the University's mission.

Part XI, Line 2D - Other Adjustments:

Rental Expenses 100,025. Fundraising Events 38,419.

Part XI, Line 4B - Other Adjustments:

Student Scholarships & Grants 14,635,308. Student Labor 210,762.

Part XII, Line 2D - Other Adjustments:

Rental Expenses 100,025. Fundraising Events 38,419.

Part XII, Line 4B - Other Adjustments:

Student Scholarships & Grants 14,635,308. Student Labor 210,762.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Dr Heather Feltmate
IRS990/Form990PartVIISectionAGrp/PersonNm1Dr Cecilia Warpinski Stucpis
IRS990/Form990PartVIISectionAGrp/PersonNm2Dr Reginald Wilburn
IRS990/Form990PartVIISectionAGrp/PersonNm3Mr Edward Dudley
IRS990/Form990PartVIISectionAGrp/PersonNm4Mr John Stebbins
IRS990/Form990PartVIISectionAGrp/PersonNm5Mr Bradley R Kreick
IRS990/Form990PartVIISectionAGrp/PersonNm6Mr Kevin Halloran
IRS990/Form990PartVIISectionAGrp/PersonNm7Mr K Brian McLaughlin
IRS990/Form990PartVIISectionAGrp/PersonNm8Mr Daniel Sauvageau
IRS990/Form990PartVIISectionAGrp/PersonNm9Mr Robert Calamari Jr
IRS990/Form990PartVIISectionAGrp/PersonNm10Mr William Barry III Esq
IRS990/Form990PartVIISectionAGrp/PersonNm11Mr Aaron Dufoe
IRS990/Form990PartVIISectionAGrp/PersonNm12Mr TC Liakos
IRS990/Form990PartVIISectionAGrp/PersonNm13Mr Mark Mulcahy
IRS990/Form990PartVIISectionAGrp/PersonNm14Mrs Gerardine Ferlins
IRS990/Form990PartVIISectionAGrp/PersonNm15Mrs Sharon Tamposi
IRS990/Form990PartVIISectionAGrp/PersonNm16Ms Ana Hebra Flaster
IRS990/Form990PartVIISectionAGrp/PersonNm17Talesha Saint-March Esq
IRS990/Form990PartVIISectionAGrp/PersonNm18The Honorable Joseph N LaPlante
IRS990/Form990PartVIISectionAGrp/PersonNm19Mrs Mary Murphy
IRS990/Form990PartVIISectionAGrp/PersonNm20Mr Michael Croatti
IRS990/Form990PartVIISectionAGrp/PersonNm21Dr Melissa Mei-Yen Wu
IRS990/Form990PartVIISectionAGrp/PersonNm22Douglas Howard
IRS990/Form990PartVIISectionAGrp/PersonNm23Steven Perrotta
IRS990/Form990PartVIISectionAGrp/PersonNm24Ms Karen Schedin
IRS990/Form990PartVIISectionAGrp/PersonNm25Mr Kurt Stimeling
IRS990/Form990PartVIISectionAGrp/PersonNm26Karen Cooper
IRS990/Form990PartVIISectionAGrp/PersonNm27Sister Pauala Marie Buley ihm
IRS990/Form990PartVIISectionAGrp/PersonNm28John Parker
IRS990/Form990PartVIISectionAGrp/PersonNm29Dr John Gleason
IRS990/Form990PartVIISectionAGrp/PersonNm30Robert Walrath
IRS990/Form990PartVIISectionAGrp/PersonNm31Paula Williams
IRS990/Form990PartVIISectionAGrp/PersonNm32Carol Langelier
IRS990/Form990PartVIISectionAGrp/PersonNm33Angela Mousseau
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee, Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee, Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt15Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt16Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt17Trustee, Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt18Trustee, Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt19Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt20Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt21Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt22VP Academic Affairs
IRS990/Form990PartVIISectionAGrp/TitleTxt23VP Finance & Admin
IRS990/Form990PartVIISectionAGrp/TitleTxt24VP Enrollment Manager
IRS990/Form990PartVIISectionAGrp/TitleTxt25VP Student Affairs
IRS990/Form990PartVIISectionAGrp/TitleTxt26VP University Advance

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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
2020Detailed filing. Detailed filing 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
2014Summary only. Only limited summary 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

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • $100M-$250M nonprofits