Civic Intelligence

Regis University

990 • Fiscal year 2015 • EIN 84-0402707

May 01, 2014 to Apr 30, 2015 • Filed on Mar 15, 2016

3333 Regis Blvd C-24Denver, CO 80221

(303) 964-3640

Siviq Scores

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

Liabilities / Assets

59th percentile

0.42x

Higher debt load relative to assets than 59% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Liabilities / Revenue

46th percentile

0.46x

Higher debt load relative to revenue than 46% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Net Margin

44th percentile

3.0%

Higher net margin than 44% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Top Officer Pay

16th percentile

$230,882

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Asset Growth

32nd percentile

-1.2%

Faster asset growth than 32% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Revenue Growth

32nd percentile

-1.2%

Faster revenue growth than 32% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Assets

Down

$190,407,035

Down $2,261,051 (-1.2%) from 2014

Net Assets

Up

$111,137,402

Up $1,603,767 (+1.5%) from 2014

Liabilities

Down

$79,269,633

Down $3,864,818 (-4.6%) from 2014

Revenue

Down

$170,537,609

Down $2,020,900 (-1.2%) from 2014

Expenses

Down

$165,354,624

Down $1,644,217 (-1.0%) from 2014

Net Income

Down

$5,182,985

Down $376,683 (-6.8%) from 2014

Historical Trend

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2010: $149,859,767Liabilities 2010: $55,174,161Net Assets 2010: $94,685,6062010Assets 2011: $156,789,848Liabilities 2011: $56,904,677Net Assets 2011: $99,885,1712011Assets 2012: $192,985,027Liabilities 2012: $94,468,180Net Assets 2012: $98,516,8472012Assets 2013: $192,621,446Liabilities 2013: $88,647,479Net Assets 2013: $103,973,9672013Assets 2014: $192,668,086Liabilities 2014: $83,134,451Net Assets 2014: $109,533,6352014Assets 2015: $190,407,035Liabilities 2015: $79,269,633Net Assets 2015: $111,137,4022015Assets 2016: $186,130,852Liabilities 2016: $75,730,812Net Assets 2016: $110,400,0402016Assets 2017: $196,513,553Liabilities 2017: $77,147,935Net Assets 2017: $119,365,6182017Assets 2018: $209,419,191Liabilities 2018: $76,826,119Net Assets 2018: $132,593,0722018Assets 2019: $215,008,075Liabilities 2019: $81,259,061Net Assets 2019: $133,749,0142019Assets 2020: $219,001,892Liabilities 2020: $91,817,275Net Assets 2020: $127,184,6172020Assets 2021: $252,763,622Liabilities 2021: $97,945,514Net Assets 2021: $154,818,1082021Assets 2022: $246,627,018Liabilities 2022: $96,582,993Net Assets 2022: $150,044,0252022Assets 2023: $230,300,184Liabilities 2023: $90,014,383Net Assets 2023: $140,285,8012023Assets 2024: $219,885,306Liabilities 2024: $88,607,636Net Assets 2024: $131,277,6702024Assets 2025: $220,631,739Liabilities 2025: $83,679,986Net Assets 2025: $136,951,7532025

Highlighted filing

2015

Assets$190,407,035
Liabilities$79,269,633
Net Assets$111,137,402

Operations Trend

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

$200M$100M$0-$100MExpenses 2010: $139,751,6502010Expenses 2011: $149,373,7372011Expenses 2012: $161,873,5422012Expenses 2013: $166,217,2172013Revenue 2014: $172,558,509Expenses 2014: $166,998,841Net Income 2014: $5,559,6682014Revenue 2015: $170,537,609Expenses 2015: $165,354,624Net Income 2015: $5,182,9852015Revenue 2016: $166,707,599Expenses 2016: $164,466,673Net Income 2016: $2,240,9262016Revenue 2017: $174,541,641Expenses 2017: $169,649,925Net Income 2017: $4,891,7162017Revenue 2018: $187,293,209Expenses 2018: $176,119,524Net Income 2018: $11,173,6852018Revenue 2019: $179,521,000Expenses 2019: $178,035,289Net Income 2019: $1,485,7112019Revenue 2020: $176,051,512Expenses 2020: $176,152,048Net Income 2020: -$100,5362020Revenue 2021: $189,469,227Expenses 2021: $164,153,043Net Income 2021: $25,316,1842021Revenue 2022: $167,807,792Expenses 2022: $166,333,796Net Income 2022: $1,473,9962022Revenue 2023: $162,105,349Expenses 2023: $173,243,293Net Income 2023: -$11,137,9442023Revenue 2024: $165,560,111Expenses 2024: $181,142,017Net Income 2024: -$15,581,9062024Revenue 2025: $182,539,610Expenses 2025: $181,480,324Net Income 2025: $1,059,2862025

Highlighted filing

2015

Revenue$170,537,609
Expenses$165,354,624
Net Income$5,182,985
Jump To
Filing Snapshot
Filing Period
May 1, 2014 to Apr 30, 2015
Signed
Mar 15, 2016
Return Version
2014v6.0
Gross Receipts
$219,086,447
Mission and Program Overview

Mission

As a jesuit catholic university, regis seeks to build a more just and humane world through transformative education at the frontiers of faith, reason and culture.

Regis university educates men and women of all ages to take leadership roles and to make a positive impact in a changing society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$81,414,820$77,253,307▼ $4,161,513
Investments in Publicly Traded Securities$61,659,887$51,778,598▼ $9,881,289
Savings and Temporary Cash Investments$30,690,663$32,188,129▲ $1,497,466
Investments Other Securities$119,325$14,171,027▲ $14,051,702
Other Notes and Loans Receivable, Net$9,405,724$6,129,589▼ $3,276,135
Accounts Receivable$1,449,135$1,900,104▲ $450,969
Pledges and Grants Receivable$2,549,770$1,554,747▼ $995,023
Prepaid Expenses and Deferred Charges$2,521,529$1,435,854▼ $1,085,675
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$192,668,086$190,407,035▼ $2,261,051
Other Assets Total$2,857,233$3,995,680▲ $1,138,447
Liabilities
Tax Exempt Bond Liabilities$54,653,000$51,984,000▼ $2,669,000
Accounts Payable and Accrued Expenses$12,666,916$11,970,324▼ $696,592
Other Liabilities$6,841,000$9,082,132▲ $2,241,132
Grants Payable$3,700,743$3,678,683▼ $22,060
Deferred Revenue$2,098,514$2,096,440▼ $2,074
Mortgage Notes Payable Secured by Investment Property$3,174,278$458,054▼ $2,716,224
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$83,134,451$79,269,633▼ $3,864,818
Net Assets / Fund Balance
Unrestricted Net Assets$65,459,122$63,696,977▼ $1,762,145
Permanently Rstr Net Assets$25,475,863$26,521,911▲ $1,046,048
Temporarily Rstr Net Assets$18,598,650$20,918,514▲ $2,319,864
Total Net Assets Fund Balance$109,533,635$111,137,402▲ $1,603,767
Total Liabilities and Net Assets / Fund Balance$192,668,086$190,407,035▼ $2,261,051

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$63,263,615$74,309,991$136,796,216
Equipment$5,794,658$20,684,870$26,479,528
Other Land Buildings$5,095,599$10,797,735$15,892,134
Land$2,591,405-$2,276,819
Leasehold Improvements$508,030$343,369$851,399
Other Securities$222,673--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$52,876,660$2,438,034▲ $3,065,900-$55,962,419
2013$48,318,389$2,250,007▲ $4,772,952-$52,876,660
2012$43,607,934$1,939,701▲ $4,993,576-$48,318,389
2011$44,790,557$2,971,244▼ $807,443-$45,265,561
2010$41,018,157$991,089▲ $5,289,772-$44,790,557
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rodney CarterDean, School of PharmacyFT$197,373$33,509$230,882
Patricia LadewigProvostFT$199,285$24,670$223,955
Janet HouserAcademic DeanFT$191,932$28,906$220,838
Karen B WebberVice President/secretaryFT$181,930$29,369$211,299
Alonzo PorterExecutive DirectorFT$160,555$26,621$187,176
Soon Beng YeapChief Marketing OfficerFT$151,290$19,564$170,854
Thomas ReynoldsVice PresidentFT$135,671$27,797$163,468
Erika HollisVice President/legal CounselFT$135,360$25,503$160,863
Jaganmohan GudurChief Information OfficerFT$145,438$9,195$154,633
Salvador AcevesCFO/treasurerFT$126,957$22,874$149,831
Charles DahlmanCFO/treasurer - Thru 07/14FT$97,337$15,769$113,106

Highest Paid Contractors

ContractorServicesLocationCompensation
Acsys Interactive Dba PrimacyWebsite Design1577 NEW BRITIAN AVE, Farmington, NM 06032$3,671,500
Bon AppetitStudent CateringPO BOX 417632, Boston, MA 02241-7632$3,580,088
Deltak Edu INCContract Sharing1415 W 22ND ST STE 400, Oak Brook, IL 60523$1,494,297
RicohPrint/copy Services7222 COMMERCE CENTER DRIVE, Colorado Springs, CO 80919$1,328,798
Iss Facility ServicesCleaning ServicesPO BOX 2316, San Antonio, TX 78298$869,118
Revenue and Support

Revenue Composition

Contributions and Grants
$11,766,249
Program Service Revenue
$152,531,279
Investment Income
$6,045,687
Other Revenue
$194,394
All Other Contributions
$6,861,506
Change in Net Assets
$5,182,985

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded16$186,851Market Value
Other Non Cash Contri Table3$27,141Fair Market Value (FMV)
Other Non Cash Contri Table1$6,399Fair Market Value (FMV)
Total Noncash Contributions20$220,391-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$78,897,210
Other Expenses$50,290,957
Grants and Similar Amounts Paid$36,166,457
Total Fundraising Expense$1,648,918
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$54,509,907$9,334,077$876,854$64,720,838
Grants to Domestic Individuals$35,982,544--$35,982,544
Fees for Services Other$6,002,745$2,576,312$214,031$8,793,088
Depreciation Depletion$6,759,997$1,022,952-$7,782,949
Advertising$6,427,872$682,935$9,087$7,119,894
Occupancy$5,506,474$68,066-$5,574,540
Other Employee Benefits$4,288,258$821,797$59,550$5,169,605
Payroll Taxes$3,885,055$620,453$72,614$4,578,122
Pension Plan Contributions$2,873,564$584,528$66,038$3,524,130
Office Expenses$2,293,518$436,698$93,751$2,823,967
Interest$1,768,199$296,007-$2,064,206
All Other Expenses$1,025,682$810,891$28,552$1,865,125
Travel$1,615,970$200,750$28,828$1,845,548
Other Expenses$7,903$1,130,266$41,923$1,138,169
Insurance$285,776$817,247$5,231$1,108,254
Information Technology$326,855$737,923$20,138$1,084,916
Current Officers, Directors, Trustees, and Key Employees$182,417$600,012$122,086$904,515
Conferences and Meetings$244,050$75,339$769$320,158
Grants to Domestic Orgs$183,913--$183,913
Fees for Service Investment Mgmnt Fees-$162,057-$162,057
Fees for Services Legal$6,379$128,484-$134,863
Fees for Services Lobbying-$84,885-$84,885
Fees for Services Accounting-$72,500-$72,500
Total Functional Expenses$140,874,544$22,831,162$1,648,918$165,354,624
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
escuela de guadalupedenver, CO501(c)(3)operational support$25,000
broadway assistance centerdenver, CO501(c)(3)operational support$20,000
la clinica tepeyac incdenver, CO501(c)(3)operational support$17,000
christ in the citydenver, CO501(c)(3)operational support$11,000
father woody's haven of hopedenver, CO501(c)(3)operational support$10,000
ArgyleDenver, CO501(c)(3)operational support$8,500
empowerment program incdenver, CO501(c)(3)operational support$8,000
sacred heart house of denverdenver, CO501(c)(3)operational support$7,000

International Summary

Employees
111
Spending
$2,078,263

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestments---$1,904,748
Europe (Including Iceland and Greenland)Program Servicesfield trip/study tour-23$39,765
South AmericaProgram Servicesservice learning-22$32,032
Central America and the CaribbeanProgram Servicesservice learning-14$20,937
East Asia and the PacificProgram Servicesdebate/acad. program-6$18,179
Sub-Saharan AfricaProgram Servicesservice learning-9$17,689
Central America and the CaribbeanProgram Servicesservice learning-15$11,408
Central America and the CaribbeanProgram Servicesservice learning-8$9,474
Europe (Including Iceland and Greenland)Program Servicesresearch presentation-3$7,033
Central America and the CaribbeanProgram Servicesservice learning-6$5,338
Sub-Saharan AfricaProgram Servicesservice program review-1$3,206
Europe (Including Iceland and Greenland)Program Servicesprofessional seminar-1$2,972
East Asia and the PacificProgram Servicesacademic seminar-1$2,225
Europe (Including Iceland and Greenland)Program Servicesacademic seminar-1$2,161
North AmericaProgram Servicesstud. ath. recruiting-1$1,096
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$174,918
Fundraising Direct Expenses$134,335
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Pbla Golf/gala$327,220$111,219$24,798$86,421
Volleyball Camp$28,520$28,520$5,599$22,921
Total Events$415,842$174,918$134,335$40,583
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Annuities Payable$5,204,502
Interest Rate Swap Liability$2,807,278
Asset Retirement Obligation$916,082
Interest Payable$154,270

Bond Issues

BondIssuerIssuedIssue PricePurpose
AColorado Educational and Cultural Facilities Auth2011-03-10$30,180,000REFINANCE BOND DEBT
BColorado Educational and Cultural Facilities Auth2011-12-06$29,000,000Construction of building and build

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$30,180,000$29,789,393$6,036,000$390,607
B$29,090,770$0$1,160,000$377,650

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
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
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 1A

According to section 4(b) of the bylaws, life trustees shall not have voting powers in meetings of the board of trustees nor shall they be elected to any office of the board of trustees or as chair of any standing committee.

Form 990, Part VI, Section B, Line 11B

The form 990 is prepared by a third party preparer. A copy of the tax return is emailed to the audit committee of the board for review before filing with the irs.

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

Legal counsel for the university sends the conflict of interest policy to trustees, officers, key employees and managers requesting their signature on a form that indicates what conflicts of interests each may have and that they understand the policy. In a situation arises that could present a conflict of interest, the interested party shall make full disclosure of the relevant information to the university's general counsel. Upon the disclosure of a potential conflict, the person to whom the disclosure is made shall review the disclosure, determine the facts, and make an initial determination as to whether a conflict exists. If the reviewer determines that there is a conflict, the interested party must refrain from attending and participating in the deliberation and voting on those matters regarding which the interested party is involved in a conflict of interest, both at meetings of the board of directors and at any other decision-making body, committee, or division participating in the respective transaction or decision.

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

The president of regis university has taken a vow of poverty and thus does not directly receive income for his services. The university provides compensation and a stipend for benefits directly to the regis jesuit community. The compensation and benefits are determined by the board of trustees which is contemporaneously documented. Comparability data is derived from a sample of other universities and employee compensation and benefits specialists.

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

Compensation of other officers and key employees is established by a staffing committee with consultation from the central human resources department which is contemporaneously documented. Comparability data is derived from a sample of other universities and employee compensation and benefits specialists.

Form 990, Part VI, Section C, Line 19

The organization's financial statements, conflict of interest policy, and governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Regis University
EIN
84-0402707
In Care Of
% REGIS UNIVERSITY
Phone
3039643640
Address
3333 REGIS BLVD C-24, DENVER, CO 80221

Signing Officer

Name
Salvador Aceves
Title
Senior Vice President/CFO
Phone
7194714290
Signed
2016-03-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Salvador Aceves
Formed
1912
Legal Domicile
Co
Voting Board Members
34
Independent Board Members
34
Employees
3,620
Volunteers
666

Preparer

Firm
Bkd Llp
Address
111 South Tejon Suite 800, Colorado Springs, CO 80903-9848
Preparer
Rita F Worster CPA
Phone
7194714290
Supplemental Narrative

Additional Explanations

form 990, part XI, line 9

uncollectible pledge write-off (18,387) change in value of interest rate swap (926,748) change in value of split interest trust agreement 89,809 prior period adjustment 13,926 total (841,400)

Financial Statement Notes

Schedule D, Part III, Line 4

Collection items include historical treasures, religious statues, and artwork for the purposes of public exhibition, education and public service.

Schedule D, Part V, Line 4

The university's endowment primarily provides scholarships to students of various academic pursuits. Other purposes include operating and mission support.

Schedule D, Part X, Line 2

Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

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IRS990/Desc0REGIS COLLEGE PROVIDES VALUE-CENTERED TRADITIONAL CLASSROOM-BASED UNDERGRADUATE EDUCATION TO APPROXIMATELY 1,900 STUDENTS ANNUALLY AND ENCOURAGES ITS STUDENTS TO MAKE A POSITIVE IMPACT IN A CHANGING SOCIETY. REGIS COLLEGE'S LIBERAL ARTS EDUCATION PROVIDES THE OPPORTUNITY FOR STUDENTS TO EXPLORE THE QUESTION "HOW OUGHT WE TO LIVE?" WHILE CULTIVATING AN EXCELLENT ACADEMIC EDUCATION. ABUNDANT OPPORTUNITIES FOR SERVICE LEARNING, ACADEMIC INTERNSHIPS AND CROSS-CULTURAL STUDY ABROAD EXPERIENCES MOTIVATE STUDENTS TO TAKE THEIR EDUCATION BEYOND THE CLASSROOM. REGIS STUDENTS ENJOY HUNDREDS OF ACTIVITIES BEYOND ACADEMICS, INCLUDING DIVISION II NCAA ATHLETICS, THE OUTDOOR ADVENTURE PROGRAM, INTRAMURAL SPORTS, THE CAMPUS RADIO STATION, STUDENT GOVERNMENT AND MUCH MORE.
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$221$83.7$137$183$181$1.06
2024Detailed filing. Detailed filing data is available for this year.$220$88.6$131$166$181$15.6
2023Detailed filing. Detailed filing data is available for this year.$230$90.0$140$162$173$11.1
2022Detailed filing. Detailed filing data is available for this year.$247$96.6$150$168$166$1.47
2021Detailed filing. Detailed filing data is available for this year.$253$97.9$155$189$164$25.3
2020Detailed filing. Detailed filing data is available for this year.$219$91.8$127$176$176$0.10
2019Detailed filing. Detailed filing data is available for this year.$215$81.3$134$180$178$1.49
2018Detailed filing. Detailed filing data is available for this year.$209$76.8$133$187$176$11.2
2017Detailed filing. Detailed filing data is available for this year.$197$77.1$119$175$170$4.89
2016Detailed filing. Detailed filing data is available for this year.$186$75.7$110$167$164$2.24
2015Detailed filing. Detailed filing data is available for this year.$190$79.3$111$171$165$5.18
2014Detailed filing. Detailed filing data is available for this year.$193$83.1$110$173$167$5.56
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$193$88.6$104$166
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$193$94.5$98.5$162
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$157$56.9$99.9$149
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$150$55.2$94.7$140