Civic Intelligence

University of Rio Grande

EIN 31-4379537 • 501(c)3 • Rio Grande, OH

Profile

The mission of the University of Rio Grande is one of America's unique private/public institution of higher education designed to provide learners the opportunity to attain a high-quality, high-value education. Our personalized, learner-centered environment promotes successful lives, careers, and responsible citizenship.

Refreshing map…

218 North College AvenueRio Grande, OH 45674

www.rio.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

72nd percentile

0.52x

Higher debt load relative to assets than 72% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Liabilities / Revenue

74th percentile

0.93x

Higher debt load relative to revenue than 74% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Net Margin

53rd percentile

5.8%

Higher net margin than 53% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Top Officer Pay

66th percentile

$480,928

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Asset Growth

97th percentile

79%

Faster asset growth than 97% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Revenue Growth

77th percentile

28%

Faster revenue growth than 77% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Assets

Up

$40,974,966

Up $3,354,765 (+8.9%) from 2020

Liabilities

Down

$10,447,406

Down $1,159,542 (-10.0%) from 2020

Net Assets

Up

$30,527,560

Up $4,514,307 (+17%) from 2020

Revenue

Up

$31,713,106

Up $2,445,368 (+8.4%) from 2020

Expenses

Up

$28,843,025

Up $3,599,378 (+14%) from 2020

Net Income

Down

$2,870,081

Down $1,154,010 (-29%) from 2020

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2010: $46,781,284Liabilities 2010: $21,309,752Net Assets 2010: $25,471,5322010Assets 2011: $49,151,846Liabilities 2011: $17,032,294Net Assets 2011: $32,119,5522011Assets 2012: $47,646,847Liabilities 2012: $22,129,646Net Assets 2012: $25,517,2012012Assets 2013: $48,809,036Liabilities 2013: $18,162,295Net Assets 2013: $30,646,7412013Assets 2014: $50,376,452Liabilities 2014: $17,626,099Net Assets 2014: $32,750,3532014Assets 2015: $48,940,483Liabilities 2015: $21,320,041Net Assets 2015: $27,620,4422015Assets 2017: $46,916,570Liabilities 2017: $20,305,695Net Assets 2017: $26,610,8752017Assets 2018: $47,727,490Liabilities 2018: $20,213,681Net Assets 2018: $27,513,8092018Assets 2019: $47,090,593Liabilities 2019: $21,549,048Net Assets 2019: $25,541,5452019Assets 2020: $37,620,201Liabilities 2020: $11,606,948Net Assets 2020: $26,013,2532020Assets 2021: $40,974,966Liabilities 2021: $10,447,406Net Assets 2021: $30,527,5602021

Highlighted filing

2021

Assets$40,974,966
Liabilities$10,447,406
Net Assets$30,527,560

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$30M$20M$10M$0-$10MExpenses 2010: $31,084,1402010Expenses 2011: $31,250,5732011Expenses 2012: $29,744,5582012Expenses 2013: $29,770,4242013Revenue 2014: $28,307,153Expenses 2014: $29,289,577Net Income 2014: -$982,4242014Revenue 2015: $28,147,309Expenses 2015: $29,250,209Net Income 2015: -$1,102,9002015Revenue 2017: $29,126,746Expenses 2017: $28,229,589Net Income 2017: $897,1572017Revenue 2018: $30,126,570Expenses 2018: $29,054,074Net Income 2018: $1,072,4962018Revenue 2019: $28,149,619Expenses 2019: $26,884,561Net Income 2019: $1,265,0582019Revenue 2020: $29,267,738Expenses 2020: $25,243,647Net Income 2020: $4,024,0912020Revenue 2021: $31,713,106Expenses 2021: $28,843,025Net Income 2021: $2,870,0812021

Highlighted filing

2021

Revenue$31,713,106
Expenses$28,843,025
Net Income$2,870,081

Filings

Latest Detailed Filing

The latest 2021 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2020 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 3, 2021
Return Version
2019v5.2
Gross Receipts
$52,441,846
Mission and Program Overview

Mission

The university of rio grande/ rio grande community college is america's unique private/public institution of higher education designed to provide learners the opportunity to attain a high-quality, high-value education. Our personalized, learner-centered environment promotes successful lives, careers, and responsible citizenship.

Designed to provide learners the opportunity to attain a high-quality, high-value education. Our personalized, learner-centered environment promotes successful lives, careers, and responsible citizenship. Rio will continue to be a learner-centered community. It will continually provide support, developmental activities and modern equipment for faculty, staff and students. This support enables the faculty and staff to increase the ongoing learning and academic achievements of the students. Rio will consistently provide an environment where learning is the priority and excellent teaching is honored. The institution will respond quickly to regional, state and international needs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$18,907,964$18,453,783▼ $454,181
Investments in Publicly Traded Securities$23,682,691$12,412,857▼ $11,269,834
Cash and Non-Interest-Bearing Accounts$869,444$1,750,379▲ $880,935
Pledges and Grants Receivable$607,697$1,415,394▲ $807,697
Savings and Temporary Cash Investments$1,207,228$1,210,670▲ $3,442
Accounts Receivable$732,525$1,204,005▲ $471,480
Inventories for Sale or Use$360,888$394,850▲ $33,962
Other Notes and Loans Receivable, Net$155,025$153,921▼ $1,104
Prepaid Expenses and Deferred Charges$11,429$7,292▼ $4,137
Total Assets$47,090,593$37,620,201▼ $9,470,392
Other Assets Total$555,702$617,050▲ $61,348
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,167,343$8,215,000▼ $952,343
Accounts Payable and Accrued Expenses$2,443,317$2,059,892▼ $383,425
Other Liabilities$9,369,244$863,026▼ $8,506,218
Deferred Revenue$497,693$469,030▼ $28,663
Unsecured Notes Loans Payable$71,451$0▼ $71,451
Total Liabilities$21,549,048$11,606,948▼ $9,942,100
Net Assets / Fund Balance
Net Assets With Donor Restrictions$26,540,876$26,694,769▲ $153,893
Net Assets Without Donor Restrictions$-999,331$-681,516▲ $317,815
Total Net Assets Fund Balance$25,541,545$26,013,253▲ $471,708
Total Liabilities and Net Assets / Fund Balance$47,090,593$37,620,201▼ $9,470,392

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$15,050,143$14,688,089$29,738,232
Equipment$1,019,349$12,058,172$13,077,521
Leasehold Improvements$256,424$2,276,252$2,532,676
Land$2,127,867-$2,127,867

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$24,175,163$427,041▲ $451,597-$24,265,087
2018$23,746,351$164,009▲ $926,156-$24,175,163
2017$23,162,859$136,191▲ $1,194,798-$23,746,351
2016$21,731,388$147,502▲ $2,139,242-$23,162,859
2015$23,496,303$114,854▼ $1,105,521-$21,731,388
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Catherine ClarkInterim President (jul 19-oct 19)FT$165,462$50,592$216,054
Rob HopkinsProfessor of Wildlife ConservationFT$107,221$43,498$150,719
Richard SaxProvost/VP of Academic AffairsFT$140,713$4,252$144,965
David a LawerenceAssociate Provost for Institutional EffectivenessFT$120,153$18,266$138,419
Donna T MitchellDean School of Health and Behavioral SciencesFT$130,030$5,349$135,379
John C NourseDirector of Human ResourcesFT$106,476$5,281$111,757
Russell HencheyCFOFT$102,883$5,718$108,601
Raymond C MaturaProfessor of SociologyFT$102,080$3,391$105,471
Ryan SmithPresidentFT$57,615$19,404$77,019

Board Members and Trustees

NameTitle
Robert FosterChair
Tim KygerVice Chair
Alice DachowskiBoard Member
Clyde M EvansBoard Member
Daniel H WhiteleyBoard Member
Darrell BoggsBoard Member
Debbie DonskovBoard Member
Erik MassieBoard Member
Jack FinchBoard Member
James CaldwellBoard Member
Jim MorrisonBoard Member
Larry ReesBoard Member
Mary Kay ErvinBoard Member
Mary PierceBoard Member
Robin FowlerBoard Member
Rusty BookmanBoard Member
Stacie Vaughn HuttonBoard Member
Stan EvansBoard Member
Tessa PughBoard Member
Tom KarrBoard Member
Thomas DavissonBoard Member (jul 19-sep 19)
Petrea a BrownSecretary
Gary RoachTreasurer
Dick LegrandTreasurer (jul 19-sep 19)

Highest Paid Contractors

ContractorServicesLocationCompensation
Sodexo INC & AffiliatesFood Services1473 CAVITT RD, Monroeville, PA 15146$798,329
Mid-american Cleaning ServicesJanitorial Services750 BUCKEYE ROAD, Lima, OH 45804-1935$449,150
Baker & HostetlerLegal ServicesPO BOX 70189, Cleveland, OH 44190$288,300
Plante & Moran PllcProfessional Services250 S HIGH ST SUITE 100, Columbus, OH 43215$132,830
Elseiver INCNursing Testing9555 SPRINGSBORO PIKE, Miamsburg, OH 45342$114,308
Revenue and Support

Revenue Composition

Contributions and Grants
$4,784,354
Program Service Revenue
$21,867,000
Investment Income
$2,264,340
Other Revenue
$352,044
All Other Contributions
$1,052,544
Change in Net Assets
$4,024,091

Audited Revenue Reconciliation

Revenue per Audited Statements
$24,047,990
Revenue Not Reported on Financial Statements
$5,219,748
Revenue Not Reported on Form 990
$-3,552,383
Other Revenue Adjustments
$5,148,089
Total Revenue per Audited Statements
$20,495,607
Total Revenue per Form 990
$29,267,738
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$11,463,107
Other Expenses$8,632,451
Grants and Similar Amounts Paid$5,148,089
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,837,956$1,799,151-$8,637,107
Grants to Domestic Individuals$5,148,089--$5,148,089
Fees for Services Other$1,246,946$417,246-$1,664,192
Other Employee Benefits$1,197,268$297,062-$1,494,330
Occupancy$826,939$111,502-$938,441
Depreciation Depletion$879,186$35,424-$914,610
All Other Expenses$343,448$465,665-$809,113
Payroll Taxes$546,725$86,252-$632,977
Current Officers, Directors, Trustees, and Key Employees$434,436$112,202-$546,638
Interest$470,217$71,394-$541,611
Information Technology$347,300$90,366-$437,666
Insurance$214,958$189,002-$403,960
Other Expenses$279,215$31,966-$311,181
Fees for Services Legal-$295,040-$295,040
Office Expenses$217,469$5,774-$223,243
Travel$165,221$9,819-$175,040
Pension Plan Contributions$137,493$14,562-$152,055
Fees for Services Accounting-$101,930-$101,930
Fees for Service Investment Mgmnt Fees-$71,659-$71,659
Advertising$12,378$35,595-$47,973
Conferences and Meetings$11,994$1,553-$13,547
Total Functional Expenses$20,868,677$4,374,970$0$25,243,647

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$25,243,647
Expenses per Audited Statements$20,023,899
Total Expenses per Audited Statements$20,023,899
Expenses Not Reported on Financial Statements$5,219,748
Other Expense Adjustments$5,148,089
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
-TREASURER GARY ROACH IS THE PRESIDENT AND A >35% OWNERInsurance ServicesNo$241,209
-Family Member of Board Member Clyde EvansEmployment CompensationNo$58,369
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interest Rate Swap$848,641
US Goverment Loan Funds$14,385
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
Yes
Business relationship with organization members
No
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

Prior to filing with the irs, the form 990 is reviewed by the director of business office, the finance committee, and the cfo. After review by the director of business office, the finance committee, and cfo, the board members received a copy of the full form 990 electronically prior to the form being submitted electronically.

Form 990, Part VI, Section B, Line 12C

Annual disclosure is provided to each officer and board member. Each person completes an annual conflict of interest questionnaire. Once the questionnaires are completed, the president's assistant reviews the responses and determines whether or not there are any potential conflicts of interest. If there is a potential conflict of interest, the chairman of the board and the president review the corresponding issue and determine if there is an actual conflict of interest. If an actual conflict of interest is determined to exist, that person is excluded from any discussions concerning the conflicting issue. Any purchases and/or bidding proposals are also reviewed for any potential conflicts of interest prior to submitting bids or making purchases. The cfo and controller attend the board meetings to ensure that compliance with these guidelines is followed.

Form 990, Part VI, Section B, Line 15A

The compensation of the president is determined and approved by the board of trustees annually. The current president was hired in september 2019. The president is under a multiple year contract with the university. The compensation of the president in comparison with other schools in the state that are of similar size and the association of independent college and university of ohio (aicuo) is reviewed annually by the board of trustees' compensation committee. The approval of the compensation is documented in the board minutes.

Form 990, Part VI, Section C, Line 19

Financial statements, governing documents and conflict of interest policies are not required disclosures pursuant to internal revenue code (irc) section 6104. These documents are not available to the public at this time.

Filing and Contact Details

Filer

Filer Name
University of Rio Grande
EIN
31-4379537
Phone
7402457358
Address
218 NORTH COLLEGE AVENUE, RIO GRANDE, OH 45674

Signing Officer

Name
Ryan Smith
Title
President
Phone
7402457358
Signed
2021-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ryan Smith
Formed
1876
Legal Domicile
Oh
Voting Board Members
22
Independent Board Members
20
Employees
546
Volunteers
22

Preparer

Firm
Plante & Moran Pllc
Address
250 S HIGH ST SUITE 100, COLUMBUS, OH 43215
Preparer
Amy Ciminello
Phone
6148493000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Pension related changes other than periodic costs -1,190,912. Change in value of interest rate swap -446,024.

Financial Statement Notes

PART V, LINE 4:

The endowments are used to provide financial assistance to students in need.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Pension related changes other than periodic costs -1,190,912. Change in value of interest rate swap -446,024.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Scholarship and tuition reimission 5,148,089.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Scholarship and tuition reimission 5,148,089.

Raw XML AppendixShowing 400 of 941 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivityOrMissionDesc0DESIGNED TO PROVIDE LEARNERS THE OPPORTUNITY TO ATTAIN A HIGH-QUALITY, HIGH-VALUE EDUCATION. OUR PERSONALIZED, LEARNER-CENTERED ENVIRONMENT PROMOTES SUCCESSFUL LIVES, CAREERS, AND RESPONSIBLE CITIZENSHIP. RIO WILL CONTINUE TO BE A LEARNER-CENTERED COMMUNITY. IT WILL CONTINUALLY PROVIDE SUPPORT, DEVELOPMENTAL ACTIVITIES AND MODERN EQUIPMENT FOR FACULTY, STAFF AND STUDENTS. THIS SUPPORT ENABLES THE FACULTY AND STAFF TO INCREASE THE ONGOING LEARNING AND ACADEMIC ACHIEVEMENTS OF THE STUDENTS. RIO WILL CONSISTENTLY PROVIDE AN ENVIRONMENT WHERE LEARNING IS THE PRIORITY AND EXCELLENT TEACHING IS HONORED. THE INSTITUTION WILL RESPOND QUICKLY TO REGIONAL, STATE AND INTERNATIONAL NEEDS.
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IRS990/Desc0INSTRUCTION OF UNDERGRADUATE AND GRADUATE STUDENTS - STUDENTS CAN CHOOSE FROM OVER 75 ACADEMIC PROGRAMS, INCLUDING CERTIFICATE PROGRAMS, ASSOCIATES, BACHELORS AND MASTER'S DEGREES. THERE ARE OVER 1,900 STUDENTS THE UNIVERSITY OF RIO GRANDE CURRENTLY SERVES. THEIR LARGEST DEGREE PROGRAMS ARE THE BUSINESS, EDUCATION AND NURSING PROGRAMS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0INTERIM PRESIDENT (JUL 19-OCT 19)
IRS990/Form990PartVIISectionAGrp/TitleTxt1PROFESSOR OF WILDLIFE CONSERVATION
IRS990/Form990PartVIISectionAGrp/TitleTxt2PROVOST/VP OF ACADEMIC AFFAIRS
IRS990/Form990PartVIISectionAGrp/TitleTxt3ASSOCIATE PROVOST FOR INSTITUTIONAL EFFECTIVENESS
IRS990/Form990PartVIISectionAGrp/TitleTxt4DEAN SCHOOL OF HEALTH AND BEHAVIORAL SCIENCES
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR OF HUMAN RESOURCES
IRS990/Form990PartVIISectionAGrp/TitleTxt6CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt7PROFESSOR OF SOCIOLOGY
IRS990/Form990PartVIISectionAGrp/TitleTxt8PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt10VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt11SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt12TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt13TREASURER (JUL 19-SEP 19)
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IRS990/Form990PartVIISectionAGrp/TitleTxt31BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt32BOARD MEMBER (JUL 19-SEP 19)
IRS990/Form990ProvidedToGvrnBodyInd01

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