University of Richmond is a 501(c)(3) organization based in Richmond, Virginia, registered in 1941, with $498,322,761 in FY2023 revenue. CharityIndex grades it B, and it directs about 84% of spending to programs.
Revenue (FY2023)
$498.3M
▲ 5.7% vs prior year
Education median: $200K
Expenses (FY2023)
$475.9M
Net assets
$3.4B
Employees
4,925
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 University of Richmond: 84% to programs · $59 to raise $100 earns a C on this criterion. See the exact thresholds →
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 University of Richmond: 86 mo reserves · +5% margin earns a B+ on this criterion. See the exact thresholds →
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 University of Richmond: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
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 University of Richmond: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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To operate a university for academic scientific, and professional education and learning.
Revenue grew from $435.8M (FY2013) to $498.3M (FY2023) across 11 reported years.
Financial snapshot
Operating margin
4.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.8B
Total liabilities
$389.5M
Net assets
$3.4B
Salaries & benefits
$231.1M
49% of expenses
Board members
25
24 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $498,322,761▲5.7% | $475,875,875▲3.5% | $3,428,000,221▲2.5% | $3,817,484,671▲3.0% | 990 |
| 2022 | $471,311,543▼27.7% | $459,612,825▲9.2% | $3,342,942,924▼0.4% | $3,705,697,925▼0.1% | 990 |
| 2021 | $652,188,560▼8.6% | $420,959,502▲7.0% | $3,355,791,755▼5.8% | $3,710,804,570▼5.5% | 990 |
| 2020 | $713,801,637▲55.8% | $393,284,683▲0.6% | $3,562,215,976▲37.2% | $3,926,462,707▲33.0% | 990 |
| 2019 | $458,087,443▼4.1% | $390,988,842▲1.3% | $2,596,463,612▼4.4% | $2,953,130,131▼3.2% | 990 |
| 2018 | $477,643,608▲6.2% | $385,782,520▲2.9% | $2,715,249,880▲0.4% | $3,050,580,741▼0.4% | 990 |
| 2017 | $449,623,123▼7.6% | $374,981,434▲4.3% | $2,704,396,216▲6.2% | $3,063,808,657▲5.7% | 990 |
| 2016 | $486,702,754▲21.5% | $359,663,900▲3.0% | $2,547,229,157▲8.6% | $2,898,239,320▲7.8% | 990 |
| 2015 | $400,461,209▲19.2% | $349,184,088▲5.7% | $2,344,548,686▼7.5% | $2,688,942,567▼5.8% | 990 |
| 2014 | $335,915,362▼22.9% | $330,214,172▲3.8% | $2,535,152,108▲2.7% | $2,854,649,911▲1.3% | 990 |
| 2013 | $435,844,352 | $317,987,825▲2.3% | $2,469,263,590▲13.2% | $2,819,071,870▲12.3% | 990 |
| 2012 | — | $310,918,089▲8.9% | $2,182,088,803▲9.3% | $2,509,346,486▲10.6% | 990 |
| 2011 | — | $285,379,329▲1.5% | $1,996,881,996▼1.5% | $2,268,771,810▼0.8% | 990 |
| 2010 | — | $281,201,056▲10.1% | $2,027,972,098▲15.3% | $2,287,083,887▲13.1% | 990 |
| 2009 | — | $255,291,022 | $1,758,573,504 | $2,022,200,441 | 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.
Highest-paid: William Mclean — $2,295,127 (0.48% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| William Mclean | President and Cio, Smc | 40 | $2,295,127 |
| Christopher Mooney | Basketball Coach | 40 | $1,566,934 |
| Karen Welch | Deputy Cio, Smc | 40 | $1,272,625 |
| Kevin Hallock | President and Trustee | 40 | $1,051,350 |
| Jeffrey Hires | Managing Director, Smc | 40 | $861,604 |
| Raymond Patrick Fishe | Professor of Finance | 40 | $824,432 |
| Jonathan Moore | Chief Administrative Off, Smc | 40 | $748,400 |
| David Hale | Evp & Coo/treasurer | 40 | $647,004 |
| Ronald Crutcher | Former President | 40 | $531,787 |
| Jeffrey Legro | Former Evp & Provost | 40 | $488,733 |
| Wendy Perdue | Dean, Law | 40 | $474,938 |
| Stephanie Dupaul | Vp For Enrollment Management | 40 | $388,283 |
| Jennifer Cavenaugh | Dean, School of Arts & Science | 40 | $298,943 |
| Ann Lloyd Breeden | Secretary, Board of Trustees | 40 | $296,942 |
| A Joan Saab | Evp & Provost (7/2023) | 40 | $281,702 |
| Stephen Bisese | Vp, Student Development | 40 | $276,541 |
| Ajay Nagpal | Trustee | 2 | — |
| Austin P Neuhoff | Trustee | 2 | — |
| Cynthia L Borger | Trustee | 2 | — |
| Gregory S Rogowski | Trustee | 2 | — |
| Contractor | Services | Paid |
|---|---|---|
| Trent Corporation | Construction | $9,206,867 |
| Kjellstrom Lee | Construction | $9,090,918 |
| Taylor Parrish Inc | Construction | $7,710,403 |
| Rva Construction Inc | Construction | $5,981,511 |
| Jmj Corporation | Workspace Design | $3,315,737 |
214 grants to University of Richmond totaling $32.4M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $1,762,575 |
| Lettie Pate Whitehead Foundation Inc | For general scholarship support. | 2024 | $430,000 |
| Ayco Charitable Foundation | Education | 2024 | $180,500 |
| The Community Foundation Inc | University or private school | 2024 | $134,237 |
| American Online Giving Foundation Inc | General support | 2024 | $102,979 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $62,500 |
| Robert R Mccormick Foundation | Matching gifts | 2024 | $50,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $49,740 |
| American Endowment Foundation | Educational | 2024 | $49,350 |
| Impactassets Inc | General support | 2024 | $46,250 |
| Johnson Charitable Gift Fund | Various programs | 2024 | $37,000 |
| Columbus Foundation | Education | 2024 | $30,000 |
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2024 | $29,100 |
| Giveclear Foundation | Program support | 2024 | $28,250 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $23,789 |
1 grant totaling $18K in FY2023. All grants made by University of Richmond →
| Recipient | Purpose | Amount |
|---|---|---|
| Virginia Polytechnic Institute and State Universit | Grant subaward from sponsored research funds | $17,691 |
Explore more
Data for University of Richmond (EIN 54-0505965) 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.