Civic Intelligence

Regis University

990 • Fiscal year 2022 • EIN 84-0402707

May 01, 2021 to Apr 30, 2022 • Filed on Mar 15, 2023

3333 Regis Blvd C-24Denver, CO 80221-1099

(303) 964-5442

Siviq Scores

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

Liabilities / Assets

61st percentile

0.39x

Higher debt load relative to assets than 61% of similar nonprofits.

2022 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2022

Liabilities / Revenue

57th percentile

0.58x

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

2022 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2022

Net Margin

35th percentile

0.9%

Higher net margin than 35% of similar nonprofits.

2022 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2022

Top Officer Pay

20th percentile

$259,872

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2022 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2022

Asset Growth

47th percentile

-2.4%

Faster asset growth than 47% of similar nonprofits.

2022 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2021 to 2022

Revenue Growth

21st percentile

-11%

Faster revenue growth than 21% of similar nonprofits.

2022 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2021 to 2022

Assets

Down

$246,627,018

Down $6,136,604 (-2.4%) from 2021

Net Assets

Down

$150,044,025

Down $4,774,083 (-3.1%) from 2021

Liabilities

Down

$96,582,993

Down $1,362,521 (-1.4%) from 2021

Revenue

Down

$167,807,792

Down $21,661,435 (-11%) from 2021

Expenses

Up

$166,333,796

Up $2,180,753 (+1.3%) from 2021

Net Income

Down

$1,473,996

Down $23,842,188 (-94%) from 2021

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

2022

Assets$246,627,018
Liabilities$96,582,993
Net Assets$150,044,025

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

2022

Revenue$167,807,792
Expenses$166,333,796
Net Income$1,473,996
Jump To
Filing Snapshot
Filing Period
May 1, 2021 to Apr 30, 2022
Signed
Mar 15, 2023
Return Version
2021v4.2
Gross Receipts
$198,086,388
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$101,335,096$103,619,190▲ $2,284,094
Investments in Publicly Traded Securities$91,500,936$87,916,471▼ $3,584,465
Savings and Temporary Cash Investments$26,414,572$20,737,044▼ $5,677,528
Loans From Officers Directors$11,004,750$10,572,550▼ $432,200
Pledges and Grants Receivable$7,707,752$6,353,724▼ $1,354,028
Investments Other Securities$3,728,869$5,506,028▲ $1,777,159
Prepaid Expenses and Deferred Charges$3,074,401$4,500,284▲ $1,425,883
Other Notes and Loans Receivable, Net$2,838,614$2,620,089▼ $218,525
Accounts Receivable$1,127,534$963,345▼ $164,189
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
Total Assets$252,763,622$246,627,018▼ $6,136,604
Other Assets Total$15,035,848$14,410,843▼ $625,005
Liabilities
Tax Exempt Bond Liabilities$43,030,582$40,947,543▼ $2,083,039
Accounts Payable and Accrued Expenses$28,791,361$29,537,468▲ $746,107
Other Liabilities$7,511,410$6,889,397▼ $622,013
Deferred Revenue$3,642,705$4,832,696▲ $1,189,991
Mortgage Notes Payable Secured by Investment Property$3,964,706$3,803,339▼ $161,367
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$97,945,514$96,582,993▼ $1,362,521
Net Assets / Fund Balance
Net Assets With Donor Restrictions$84,277,074$79,832,176▼ $4,444,898
Net Assets Without Donor Restrictions$70,541,034$70,211,849▼ $329,185
Total Net Assets Fund Balance$154,818,108$150,044,025▼ $4,774,083
Total Liabilities and Net Assets / Fund Balance$252,763,622$246,627,018▼ $6,136,604

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$75,509,437$110,907,216$186,416,653
Equipment$16,422,954$24,572,846$40,995,800
Other Land Buildings$7,895,222$9,050,311$16,994,318
Land$3,187,538-$2,095,577
Leasehold Improvements$604,039$887,206$1,491,245
Other Assets Org$1,311,054--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$87,776,856$5,292,856▼ $3,057,159-$86,329,241
2020$67,372,749$2,157,753▲ $21,587,972-$87,776,856
2019$69,772,662$3,193,539▼ $2,616,328-$67,372,749
2018$65,140,880$5,416,795▲ $2,208,339-$69,772,662
2017$57,504,830$5,029,887▲ $5,574,353-$65,140,880
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Salvador AcevesTreasurerFT$236,244$23,628$259,872
Samit ShahDean, School of PharmacyFT$219,427$12,113$231,540
Shari Plantz-MastersAcademic Dean, Anderson CollegFT$174,966$27,194$202,160
Janet HouserProvostFT$182,491$18,791$201,282
Karen RileyProvostFT$171,860$12,176$184,036
Barbara WilcotsVice President of Student LifeFT$171,778$8,506$180,284
Myrna HallVice President of AdvancementPT$162,817$16,983$179,800
Stephanie MorrisAssociate Vice PresidentFT$155,126$22,319$177,445
Jagan GudurChief Information OfficerFT$170,058-$170,058
Theresa CampbellSecretaryFT$159,346$4,600$163,946
Janelle RamselChief Legal OfficerFT$149,621$12,106$161,727
Mark ReinkingDean/Prof, Sch of Phys TherapyFT$143,772$15,429$159,201
Cody R Teets Interim PresidentAffiliate FacultyFT$5,000-$5,000

Highest Paid Contractors

ContractorServicesLocationCompensation
Rebel Interactive GroupMarketingPO BOX 223, Glastonbury, CT 06033$4,405,041
Bon Appetitstudent cateringPO BOX 417632, Boston, MA 02241-7632$3,427,871
Golden Triangle Construction INCFacility Services700 WEAVER PARK RD, Longmont, CO 80501$2,318,039
EabConsulting/researchPO BOX 603519, Charlotte, NC 28260-2519$1,439,982
RicohPrint/copy Services6300 DIAGONAL HIGHWAY, Boulder, CO 80301$1,039,952
Revenue and Support

Revenue Composition

Contributions and Grants
$19,419,672
Program Service Revenue
$145,536,509
Investment Income
$2,195,906
Other Revenue
$655,705
All Other Contributions
$7,000,413
Change in Net Assets
$1,473,996

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded31$339,658Fair Market Value (FMV)
Other Non Cash Contri Table24$14,508Fair Market Value (FMV)
Clothing and Household Goods-$5,791Fair Market Value (FMV)
Books and Publications-$3,528Fair Market Value (FMV)
Other Non Cash Contri Table7$2,562Fair Market Value (FMV)
Food Inventory6$1,537Fair Market Value (FMV)
Total Noncash Contributions68$367,584-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$74,990,792
Other Expenses$49,260,610
Grants and Similar Amounts Paid$41,810,039
Total Fundraising Expense$2,313,372
Professional Fundraising Fees$272,355

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$51,263,392$6,301,541$1,153,722$58,718,655
Grants to Domestic Individuals$41,735,334--$41,735,334
Fees for Services Other$12,387,091$5,709,188$195,856$18,292,135
Other Employee Benefits$9,035,886-$206,031$9,241,917
Depreciation Depletion$8,030,255$399,442-$8,429,697
Occupancy$4,960,263$40,075$49,763$5,050,101
Payroll Taxes$3,615,412$525,598$85,823$4,226,833
Other Expenses$2,172,801$1,499,449$57,832$3,730,082
Advertising$3,223,869$70,043$41,202$3,335,114
Interest$59,742$2,394,959-$2,454,701
Insurance$284,058$1,294,918$7,218$1,586,194
Office Expenses$787,940$681,851$48,177$1,517,968
Current Officers, Directors, Trustees, and Key Employees$235,847$982,497$125,306$1,343,650
Pension Plan Contributions$1,135,185$171,266$23,851$1,330,302
Travel$1,065,681$118,823$25,446$1,209,950
Information Technology$207,740$177,992$5,016$390,748
Fees for Services Legal$3,960$330,998-$334,958
Fees for Services Professional Fundraising--$272,355$272,355
Fees for Service Investment Mgmnt Fees-$249,954-$249,954
Comp Disqual Persons$12,943$110,020$6,472$129,435
Conferences and Meetings$80,634$28,881$835$110,350
Fees for Services Accounting-$97,937-$97,937
Grants to Domestic Orgs$74,705--$74,705
Fees for Services Lobbying$56,590--$56,590
Total Functional Expenses$142,834,992$21,185,432$2,313,372$166,333,796
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mizel MuseumDenver, CO501(c)(3)Gener Support$10,000
Global Downsydrome FoundationDenver, CO501(c)(3)Fundraiser Support$6,500

International Summary

Offices
0
Employees
45
Spending
$504,662

International Compliance

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

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (Including Iceland and Greenland)Passive InvestmentsResearch00$255,000
Central America and the CaribbeanPassive InvestmentsPilgrimage00$105,041
Central America and the CaribbeanPassive InvestmentsResearch00$40,696
Europe (Including Iceland and Greenland)Program ServicesClinic Assistance06$33,783
Central America and the CaribbeanProgram ServicesConference015$27,533
South AmericaProgram ServicesRecruiting014$21,131
Central America and the CaribbeanProgram Services-05$8,582
Sub-Saharan AfricaProgram ServicesAthletics01$7,047
Sub-Saharan AfricaProgram Services-01$2,467
Europe (Including Iceland and Greenland)Program Services-01$1,655
Europe (Including Iceland and Greenland)Program ServicesAthletics01$1,037
Europe (Including Iceland and Greenland)Program ServicesOutreach01$690
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$272,355
Fundraising Direct Expenses$124,093
Fundraising Gross Income$103,871
Gaming Direct Expenses$0
Gaming Gross Income$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Porter Billups$106,685$25,977$20,055$5,922
Lonnie Porter G$214,107$5,000$3,950$1,050
Total Events$393,686$103,871$124,093$-20,222
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$11,004,750$10,572,550▼ $432,200
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$3,196,707
Government Refundable Advances$2,423,392
Asset Retirement Obligation$1,063,451
Interest Payable$205,847

Bond Issues

BondIssuerIssuedIssue PricePurpose
AColorado Educational and Cultural Facilities Auth2016-05-11$53,187,990REFINANCE BOND DEBT

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$53,187,990$3,008,385$15,362,990$754,584

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
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 35% controlled entity
No
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
No
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, Section B, Line 11B

Form 990 review process: the form 990 is prepared by a third party. A copy of the tax return is emailed to the audit and risk committee of the board for review before filing with the irs.

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

Conflict of interest policy: 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. If 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

Compensation of the top management official: 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: compensation of other officers and key employees is established through either a compensation committee of the board or 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. The compensation committee of the board of trustees completed the review of executive salaries april of 2020 that were effective may 1, 2020.

Form 990, Part VI, Section C, Line 19

Documents available to the public: 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
3039645442
Address
3333 REGIS BLVD C-24, DENVER, CO 80221-1099

Signing Officer

Name
Stephanie M Morris
Title
CFO
Phone
3039645442
Signed
2023-03-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Salvador D Aceves
Formed
1912
Legal Domicile
Co
Voting Board Members
27
Independent Board Members
19
Employees
2,469
Volunteers
111

Preparer

Firm
Forvis Llp
Address
111 South Tejon Suite 800, Colorado Springs, CO 80903-9848
Preparer
Adam R Smith CPA
Phone
7194714290
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

OTHER CHANGES IN NET ASSETS: change in value of split interest trust agreement 181,581

Form 990 Part IX Line 11G

Description:outside contract services total fees:5775036

Form 990 Part IX Line 11G

Description:student catering total fees:2916788

Form 990 Part IX Line 11G

Description:facility solutions/consulting total fees:1250772

Form 990 Part IX Line 11G

Description:education consulting total fees:1055441

Form 990 Part IX Line 11G

Description:marketing/research total fees:517056

Form 990 Part IX Line 11G

Description:ground maintenance total fees:154364

Form 990 Part IX Line 11G

Description:educational support services total fees:928447

Form 990 Part IX Line 11G

Description:sport services fees total fees:87313

Form 990 Part IX Line 11G

Description:student clinical expenses total fees:56957

Form 990 Part IX Line 11G

Description:student billing services total fees:1591503

Form 990 Part IX Line 11G

Description:cloud-based subscriptions total fees:3958458

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.

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/Form990PartVIISectionAGrp/PersonNm10Janelle Ramsel
IRS990/Form990PartVIISectionAGrp/PersonNm11Mark Reinking
IRS990/Form990PartVIISectionAGrp/PersonNm12Cody R Teets Interim President
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Document Assets

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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