Rivier University
87% goes to programs $3 to raise $100 Strong reserves Growing revenue
Rivier University is a 501(c)(3) organization based in Nashua, New Hampshire, registered in 1946, with $73,930,147 in FY2023 revenue. CharityIndex grades it A, and it directs about 87% of spending to programs.
420 S Main St, Nashua, NH, 03060 EIN 02-0223339 Since 1946
Revenue (FY2023)
$73.9M
▲ 12.2% vs prior year
Education median: $200K
Expenses (FY2023)
$68.9M
Net assets
$111.1M
Employees
933
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating87% to programs · $3 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Rivier University: 87% to programs · $3 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating19 mo reserves · +7% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Rivier University: 19 mo reserves · +7% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Rivier University: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Rivier University: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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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.
What they do
For students living beyond a reasonable commuting distance, or students within a reasonable commuting distance who elect to have an in-residence experience, the university provided room and board for an average of 439 students during fy 2023-34
Youth sports camp is a summer program hosted by our coaches and trainers. camp runs 5 days per week for 6 weeks and serves 50-120 campers each week. sports practiced include basketball, lacrosse and soccer.
Other program services include (a) conferences and workshops, most of which occur during the summer months, (b) recovery of accounts receivable expensed in prior years (c)student dormitory policy violation fees, and (d) student club dues and revenues.
Contact & location
- Address
- 420 S Main St, Nashua, NH, 03060
- City
- Nashua
- State
- New Hampshire
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $43.9M (FY2013) to $73.9M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $60.0MNet assets $111.1M
Operating margin
6.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$171.1M
Total liabilities
$60.0M
Net assets
$111.1M
Salaries & benefits
$22.5M
33% of expenses
Board members
26
26 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $73,930,147▲12.2% | $68,864,195▲10.6% | $111,136,229▲10.4% | $171,092,886▲12.6% | 990 |
| 2022 | $65,894,279▲2.1% | $62,248,435▲8.3% | $100,622,141▲7.9% | $151,913,252▲7.5% | 990 |
| 2021 | $64,521,014▲16.8% | $57,501,248▲15.3% | $93,239,577▲0.3% | $141,304,994▲4.1% | 990 |
| 2020 | $55,240,683▲10.4% | $49,874,392▲2.1% | $92,952,838▲17.5% | $135,744,912▲6.6% | 990 |
| 2019 | $50,041,895▼5.4% | $48,847,719▲1.3% | $79,107,185▼1.8% | $127,299,502▲4.9% | 990 |
| 2018 | $52,919,901▲9.7% | $48,217,330▲6.0% | $80,530,394▲3.6% | $121,366,322▲23.4% | 990 |
| 2017 | $48,245,597▲3.3% | $45,469,107▲3.1% | $77,736,949▲5.9% | $98,365,943▲3.3% | 990 |
| 2016 | $46,702,603▲3.5% | $44,110,561▲1.3% | $73,413,951▲8.4% | $95,232,940▲4.8% | 990 |
| 2015 | $45,139,680▲0.2% | $43,549,845▲6.0% | $67,717,859▼0.4% | $90,845,400▲0.3% | 990 |
| 2014 | $45,043,710▲2.6% | $41,068,778▼0.5% | $68,021,874▲4.4% | $90,534,700▲3.2% | 990 |
| 2013 | $43,883,899 | $41,266,851▲1.9% | $65,178,259▲14.4% | $87,759,564▲11.5% | 990 |
| 2012 | — | $40,513,995▲2.7% | $56,985,038▲7.2% | $78,704,628▲4.0% | 990 |
| 2010 | — | $39,455,794▲7.8% | $53,170,501▲15.6% | $75,677,285▲6.3% | 990 |
| 2009 | — | $36,606,654 | $46,002,651 | $71,175,989 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Clair Glossner — $199,600 (0.29% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Clair Glossner | Ft Faculty | 40 | $199,600 |
| David Pitts | Ft Faculty | 40 | $184,742 |
| Brian Ernsting | Past Vp Academic Affairs | 40 | $176,150 |
| Dr John Gleason | Dean of Education | 40 | $156,280 |
| Karen Cooper | Vp University Advance | 40 | $149,102 |
| Steven Perrotta | Vp Finance & Admin | 40 | $147,586 |
| Paula Williams | Dean of Nursing | 40 | $146,028 |
| Paul Brower | Vp Enrollment Manager | 40 | $142,921 |
| Donna Proulx | Ft Faculty | 40 | $122,994 |
| Susan Langlois | Past Dean of Arts and Sci | 40 | $119,565 |
| Karen Scolforo | Vp Student Affairs | 40 | $43,371 |
| Hank Parkinson | Vp Student Experience | 40 | $41,440 |
| Dr Marie Ramas | Trustee | 1 | — |
| Dr Melissa Mei-yen Wu | Trustee | 1 | — |
| Dr Tara Levesque-vogel | Trustee | 1 | — |
| Mr Aaron Dufoe '97'98g | Trustee | 1 | — |
| Mr Bradley R Kreick | Trustee, Chair | 5 | — |
| Mr David Roedel | Trustee | 1 | — |
| Mr Douglas Barker | Trustee | 1 | — |
| Mr Edward Dudley | Trustee, Treasurer | 5 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Ellucian Company LP | It Services | $2,098,032 |
| Ssc Service Solutions | Facilities Mgmt | $1,289,780 |
| Wiley Education Services LLC | Online Ed. Serv | $1,208,761 |
| Aramark Facilities Services LLC | Facilities Mgmt | $784,115 |
| Derck & Edson Associates LLP | Architect | $491,526 |
Grants received · $696K total
10 grants to Rivier University totaling $696K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $140,691 |
| National Collegiate Athletic Association | Grants | 2023 | $66,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $82,148 |
| National Collegiate Athletic Association | Grants | 2022 | $26,660 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $86,600 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $86,600 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $65,150 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2019 | $35,450 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2018 | $82,150 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2017 | $24,850 |
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Frequently asked questions
- Is Rivier University a legitimate nonprofit?
- Yes. Rivier University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 02-0223339, based in Nashua, New Hampshire. Donations are tax-deductible.
- What is Rivier University's EIN?
- Rivier University's Employer Identification Number (EIN) is 02-0223339.
- How much revenue does Rivier University report?
- Rivier University reported $73,930,147 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Rivier University's spending goes to programs?
- Rivier University spends about 87% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Rivier University have?
- CharityIndex grades Rivier University A, based on program efficiency and fundraising cost.
- How much does Rivier University's highest-paid employee make?
- The highest reported compensation on Rivier University's latest Form 990 is $199,600, paid to Clair Glossner (Ft Faculty).
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Data for Rivier University (EIN 02-0223339) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.