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Nonprofit · EIN 05-0259080

SALVE REGINA UNIVERSITY

Tax-exempt · NEWPORT, RI 02840

Financials

$136.6M$135.4M2022$136.8M$139.4M2023$159.1M$145.9M2024
Revenue Expenses · by fiscal year end
Financials of SALVE REGINA UNIVERSITY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$159,139,471$145,939,951$13,199,520$278,864,156$82,665,727$196,198,429
June 30, 2024990$136,806,510$139,363,074-$2,556,564$223,861,328$44,821,159$179,040,169
June 30, 2023990$136,593,065$135,367,026$1,226,039$221,864,570$49,063,628$172,800,942
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$15,524,842
of which government grants
$2,853,570
Program service revenue
$135,227,007
Investment income
$8,002,606
Net rental income
$130,791
Net gain from sales of assets
$5,617,375
Other revenue
$385,016

Expenses

Grants and similar amounts paid
$58,497,582
Compensation of officers, directors and key employees
$2,356,706
Other salaries and wages
$35,271,978
Salaries, compensation and benefits (total)
$50,506,732
Professional fundraising fees
$0
Legal fees
$149,900
Accounting fees
$135,910
Occupancy
$4,694,011
Travel
$1,639,232
Depreciation
$6,817,687
Program services (functional)
$127,752,336
Management and general (functional)
$16,176,364
Fundraising (functional)
$2,011,251

Balance sheet and other

Total assets, start of year
$223,861,328
Total assets, end of year
$278,864,156
Total liabilities, end of year
$82,665,727
Net assets, end of year
$196,198,429
Land, buildings and equipment
$93,875,000
Publicly traded securities
$64,124,465
Net assets without donor restrictions
$138,793,000
Net assets with donor restrictions
$57,405,429
Gross unrelated business income
-$115,014
Gross receipts
$180,531,274
Employees
1,523
Volunteers
31
Year formed
1934
State of legal domicile
RI

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
KELLI J ARMSTRONGPRESIDENT
Trustee or director, Officer
35$314,720$142,233
MAELYNN PATTENVP FOR ADVANCEMENT
Key employee
35$269,612$37,097
NANCY SCHREIBERPROVOST/VP ACADEMIC AFFAIRS
Key employee
35$256,700$35,663
MICHAEL GRANDCHAMPCFO/VP OPERATIONS
Officer
35$249,740$39,835
JAMES LUDESVP FOR STRATEGIC
Key employee
35$190,199$78,902
LETIZIA GAMBRELLE BOONEVP FOR STUDENT AFFAIRS
Key employee
35$171,862$87,861
LYNNE MELLOCHIEF MARKETING & COMMUNICATIONS
Key employee
35$164,146$77,312
JAMES FOWLERVP FOR ENROLLMENT
Key employee
35$180,370$37,738
MICHAEL PIMENTALCHIEF OF STAFF
Key employee
35$170,226$41,766
STEVEN RODENBORNVICE-PROVOST & DEAN OF STUDENTS
Highest-paid employee
35$166,390$36,574
SEAN SULLIVANATHLETIC DIRECTOR
Highest-paid employee
35$165,356$36,444
MICHELE WOODASSISTANT VP/CONTROLLER
Highest-paid employee
35$174,862$26,370
SANDRA ANTHOINEASSISTANT VP ADVANCEMENT
Highest-paid employee
35$164,665$36,083
DAVID ALTOUNIANVICE-PROVOST
Highest-paid employee
35$166,227$29,620
THERESA LADRIGAN-WHELPLEYVP FOR MISSION INTEGRATION
Key employee
35$155,098$13,588
32 more people on this return
NameTitleHours / weekCompensationOther / benefits
WILLIAM HALLFORMER VP FOR ADMIN/CFO
Former
35$131,682$23,384
M THERESA ANTONE RSMCHANCELLOR
Officer
35$0$81,391
KATHERINE ALDRICH ESQTRUSTEE
Trustee or director
1$0$0
DENNIS ALGIERETRUSTEE
Trustee or director
1$0$0
LESLIE BARRETTTRUSTEE (AS OF 10/1/24)
Trustee or director
1$0$0
DAVID G BAZARSKYTRUSTEE, VICE CHAIRPERSON
Trustee or director, Officer
1$0$0
WANDA BLAKETRUSTEE
Trustee or director
1$0$0
TIMOTHY P BURNSTRUSTEE
Trustee or director
1$0$0
NANCY C CARDOZATRUSTEE
Trustee or director
1$0$0
DR MARY ANN DILLON RSMTRUSTEE
Trustee or director
1$0$0
TARA GRIFFINTRUSTEE
Trustee or director
1$0$0
STEPHEN B HUTTLER ESQTRUSTEE
Trustee or director
1$0$0
ANNE WALLACE JUGETRUSTEE
Trustee or director
1$0$0
DR CHRISTINE KAVANAGH RSMTRUSTEE
Trustee or director
1$0$0
GERALD E LAVALLEETRUSTEE
Trustee or director
1$0$0
DR WILLIAM F LUCEY IIITRUSTEE
Trustee or director
1$0$0
DR SHIRLEY MADHERE-WEILTRUSTEE
Trustee or director
1$0$0
BERNARD F MCKAYTRUSTEE
Trustee or director
1$0$0
MAUREEN MITCHELL RSMTRUSTEE (AS OF 10/1/24)
Trustee or director
1$0$0
SUSAN ANN MOORADIANTRUSTEE
Trustee or director
1$0$0
CHERYL E MROZOWSKITRUSTEE, CHAIRPERSON
Trustee or director, Officer
1$0$0
MARYPATRICIA MURPHY RSMTRUSTEE, SECRETARY
Trustee or director, Officer
1$0$0
BARBARA A PAPITTOTRUSTEE (AS OF 10/1/24)
Trustee or director
1$0$0
PAUL A PERRAULTTRUSTEE, TREASURER
Trustee or director, Officer
1$0$0
DR BRIAN A PRYORTRUSTEE
Trustee or director
1$0$0
JOHN A SULLIVANTRUSTEE
Trustee or director
1$0$0
DR JULIA A UPTON RSMTRUSTEE
Trustee or director
1$0$0
SARAH RODGERS MCNEILLTRUSTEE (THRU 9/30/24)
Trustee or director
1$0$0
HELEN DORFINGER RYANTRUSTEE (THRU 9/30/24)
Trustee or director
1$0$0
MICHAEL STAFFTRUSTEE
Trustee or director
1$0$0
KATHLEEN WALGREENTRUSTEE
Trustee or director
1$0$0
CONFERENCE FOR MERCY HIGHER EDUCATIONTRUSTEE
Institutional trustee
1$0$0
990 for the year ended June 30, 2024: 46 people
NameTitleHours / weekCompensationOther / benefits
KELLI J ARMSTRONGPRESIDENT
Trustee or director, Officer
35$387,113$94,641
MAELYNN PATTENVP FOR ADVANCEMENT
Key employee
35$263,665$46,733
MICHAEL GRANDCHAMPVP FOR OPERATIONS/CFO
Officer
35$245,036$44,907
NANCY SCHREIBERPROVOST/VP FOR ACADEMIC AFFAIRS
Key employee
35$242,031$39,163
WILLIAM HALLFORMER VP ADMINISTRATION/CFO
Former
35$243,775$35,833
JAMES LUDESVP FOR STRATEGIC INITIATIVES
Key employee
35$176,469$85,128
LETIZIA GAMBRELLE BOONEVP FOR STUDENT AFFAIRS
Key employee
35$165,017$91,288
JAMES FOWLERVP FOR ENROLLMENT MANAGEMENT
Key employee
35$176,705$44,967
IRVING BRUCKSTEINCHIEF INFORMATION OFFICER
Highest-paid employee
35$174,269$43,447
MICHAEL PIMENTALCHIEF OF STAFF
Key employee
35$168,675$46,704
STEVEN RODENBORNVICE PROVOST & DEAN OF UNDERGRADUATE STUDIES
Highest-paid employee
35$161,039$43,420
DAVID ALTOUNIANVICE PROVOST GRAD.PROF PGM
Highest-paid employee
35$160,442$36,004
SANDRA ANTHOINEAVP OF DEVELOPMENT AND PLANNED GIVING
Highest-paid employee
35$162,789$23,988
MICHELE WOODAVP CONTROLLER
Highest-paid employee
35$171,332$14,145
MICHAEL SEMENZASPECIAL ASSISTANT TO THE PRESIDENT
Former
35$148,121$23,911
THERESA LADRIGAN-WHELPLEYVP FOR MISSION, PLANNING AND INNOVATION
Key employee
35$152,155$14,452
M THERESE ANTONE RSMCHANCELLOR
Officer
35$0$124,926
DAVID BAZARSKYTRUSTEE, VICE-CHAIR
Trustee or director, Officer
1$0$0
LILY BENTASTRUSTEE
Trustee or director
1$0$0
DENNIS ALGERETRUSTEE
Trustee or director
1$0$0
MARY ANN DILLON RSMTRUSTEE
Trustee or director
1$0$0
TIMOTHY BURNSTRUSTEE
Trustee or director
1$0$0
CHRISTINE KAVANAGH RSMTRUSTEE
Trustee or director
1$0$0
BERNARD MCKAYTRUSTEE
Trustee or director
1$0$0
CHERYL MROZOWSKITRUSTEE, CHAIR
Trustee or director, Officer
1$0$0
MARYPATRICIA MURPHY RSMTRUSTEE, SECRETARY/TREASURER
Trustee or director, Officer
1$0$0
PAUL PERRAULTTRUSTEE
Trustee or director
1$0$0
KATHLEEN WALGREENTRUSTEE
Trustee or director
1$0$0
NANCY CARDOZATRUSTEE
Trustee or director
1$0$0
MICHAEL STAFFTRUSTEE
Trustee or director
1$0$0
JULIA UPTON RSMTRUSTEE
Trustee or director
1$0$0
WILLIAM LUCEYTRUSTEE
Trustee or director
1$0$0
JOHN SULLIVANTRUSTEE
Trustee or director
1$0$0
SUSAN MOORADIANTRUSTEE
Trustee or director
1$0$0
GERALD LAVALLEETRUSTEE
Trustee or director
1$0$0
JACQUELINE MARIE KIESLICH RSMTRUSTEE
Trustee or director
1$0$0
HELEN DORFLINGER RYANTRUSTEE
Trustee or director
1$0$0
WANDA BLAKETRUSTEE
Trustee or director
1$0$0
ANNE WALLACE JUGETRUSTEE
Trustee or director
1$0$0
SARAH RODGERS MCNEILLTRUSTEE
Trustee or director
1$0$0
SHIRLEY MADHERE-WEILTRUSTEE
Trustee or director
1$0$0
KATHERINE ALDRICHTRUSTEE
Trustee or director
1$0$0
TARA GRIFFINTRUSTEE
Trustee or director
1$0$0
BRIAN PRYORTRUSTEE
Trustee or director
1$0$0
STEVEN HUTTLERTRUSTEE
Trustee or director
1$0$0
CONFERENCE FOR MERCY HIGHER EDUCATIONTRUSTEE
Institutional trustee
1$0$0
990 for the year ended June 30, 2023: 45 people
NameTitleHours / weekCompensationOther / benefits
KELLI J ARMSTRONGPRESIDENT
Trustee or director, Officer
35$376,503$90,879
WILLIAM HALLFORMER VP ADMINISTRATION/CFO
Former
35$262,037$47,485
MAELYNN PATTENCHIEF ADVANCEMENT OFFICER
Key employee
35$251,243$50,206
NANCY SCHREIBERPROVOST
Key employee
35$234,208$37,991
JAMES LUDESEXECUTIVE DIRECTOR PELL CENTER
Key employee
35$173,026$82,583
MICHAEL GRANDCHAMPVP FOR OPERATIONS/CFO
Officer
35$200,812$40,373
LETIZIA GAMBRELLE BOONEVP FOR STUDENT DEVELOPMENT
Key employee
35$168,903$51,871
JAMES FOWLERVP FOR STUDENT ENROLLMENT
Key employee
35$171,015$43,558
IRVING BRUCKSTEINCHIEF INFORMATION OFFICER
Highest-paid employee
35$160,703$42,197
STEVEN RODENBORNDEAN OF UNDERGRADUATE STUDIES
Highest-paid employee
35$149,929$41,429
DAVID ALTOUNIANVICE PROVOST GRAD.PROF PGM
Highest-paid employee
35$154,330$34,650
MICHAEL SEMENZAVP UNIVERSITY RELATIONS
Key employee
35$159,474$23,890
SANDRA ANTHOINEASST VP FOR DEVELOPMENT
Highest-paid employee
35$155,474$23,113
ERIC MILNERDIRECTOR OF FACILITY/GROUNDS
Highest-paid employee
35$153,475$13,658
M THERESE ANTONE RSMCHANCELLOR
Officer
35$0$147,181
DAVID BAZARSKYTRUSTEE
Trustee or director
1$0$0
LILY BENTASTRUSTEE
Trustee or director
1$0$0
DENNIS ALGERETRUSTEE
Trustee or director
1$0$0
MARY ANN DILLON RSMTRUSTEE
Trustee or director
1$0$0
TIMOTHY BURNSTRUSTEE
Trustee or director
1$0$0
CHRISTINE KAVANAGH RSMTRUSTEE
Trustee or director
1$0$0
BERNARD MCKAYTRUSTEE
Trustee or director
1$0$0
CHERYL MROZOWSKITRUSTEE, CHAIR
Trustee or director, Officer
1$0$0
MARYPATRICIA MURPHY RSMTRUSTEE, SECRETARY/TREASURER
Trustee or director, Officer
1$0$0
DAVID NELSONTRUSTEE
Trustee or director
1$0$0
PAUL PERRAULTTRUSTEE
Trustee or director
1$0$0
KATHLEEN WALGREENTRUSTEE
Trustee or director
1$0$0
NANCY CARDOZATRUSTEE
Trustee or director
1$0$0
DAVID LOCKETRUSTEE
Trustee or director
1$0$0
ROBERT MORAN JRTRUSTEE, VICE CHAIR
Trustee or director, Officer
1$0$0
MICHAEL STAFFTRUSTEE
Trustee or director
1$0$0
JULIA UPTON RSMTRUSTEE
Trustee or director
1$0$0
DENICE SPEROTRUSTEE
Trustee or director
1$0$0
WILLIAM LUCEYTRUSTEE
Trustee or director
1$0$0
JOHN SULLIVANTRUSTEE
Trustee or director
1$0$0
SUSAN MOORADIANTRUSTEE
Trustee or director
1$0$0
GERALD LAVALLEETRUSTEE
Trustee or director
1$0$0
JACQUELINE MARIE KIESLICH RSMTRUSTEE
Trustee or director
1$0$0
HELEN DORFLINGER RYANTRUSTEE
Trustee or director
1$0$0
WANDA BLAKETRUSTEE
Trustee or director
1$0$0
ANNE WALLACE JUGETRUSTEE
Trustee or director
1$0$0
SARAH RODGERS MCNEILLTRUSTEE
Trustee or director
1$0$0
MADHERE-WEIL SHIRLEYTRUSTEE
Trustee or director
1$0$0
ALDRICH KATHERINETRUSTEE
Trustee or director
1$0$0
CONFERENCE FOR MERCY HIGHER EDUCATIONTRUSTEE
Institutional trustee
1$0$0

Address and contacts

Address (IRS master file)
100 OCHRE POINT AVE, NEWPORT, RI 02840-4149
In care of
% MICHAEL N GRANDCHAMP
Principal officer (990 for 2024)
DR KELLI J ARMSTRONG, 100 OCHRE POINT AVENUE, NEWPORT, RI 028404190
Signed the 990
MICHAEL GRANDCHAMP, VP FOR OPERATIONS/CFO
Phone
(401) 341-2142
Return prepared by
CBIZ ADVISORS LLC

Mission

SALVE REGINA UNIVERSITY, A CATHOLIC INSTITUTION FOUNDED BY THE SISTERS OF MERCY, SEEKS WISDOM AND PROMOTES UNIVERSAL JUSTICE. THE UNIVERSITY, THROUGH TEACHING AND RESEARCH, PREPARES MEN AND WOMEN FOR RESPONSIBLE LIVES BY IMPARTING AND EXPANDING (SEE SCHEDULE O FOR CONTINUATION) KNOWLEDGE, DEVELOPING SKILLS AND CULTIVATING ENDURING VALUES. THROUGH LIBERAL ARTS AND PROFESSIONAL PROGRAMS, STUDENTS DEVELOP THEIR ABILITIES FOR THINKING CLEARLY AND CREATIVELY, ENHANCE THEIR CAPACITY FOR SOUND JUDGEMENT, AND PREPARE FOR THE CHALLENGE OF LEARNING THROUGHOUT THEIR LIVES. IN KEEPING WITH THE TRADITIONS OF THE SISTERS OF MERCY, AND RECOGNIZING THAT ALL PEOPLE ARE STEWARDS OF GOD'S CREATION, THE UNIVERSITY ENCOURAGES STUDENTS TO WORK FOR A WORLD THAT IS HARMONIOUS, JUST AND MERCIFUL.

990 for the year ended June 30, 2025

Program accomplishments

  • SALVE REGINA UNIVERSITY (THE "UNIVERSITY"), LOCATED IN NEWPORT, RHODE ISLAND, IS A CATHOLIC UNIVERSITY WHICH OPENED IN 1947 AND IS ACCREDITED BY THE NEW ENGLAND COMMISSION OF HIGHER EDUCATION, INC., FORMERLY KNOWN AS THE NEW ENGLAND ASSOCIATION OF SCHOOLS AND COLLEGES. THE UNIVERSITY WAS FOUNDED BY AND CONTINUES TO BE SPONSORED BY THE SISTERS OF MERCY. THE UNIVERSITY ENROLLS APPROXIMATELY 2,700 MEN AND WOMEN IN A VARIETY OF ACADEMIC PROGRAMS. THE UNIVERSITY'S STUDENT POPULATION IS PREDOMINATELY FROM THE NORTHEAST REGION OF THE UNITED STATES. THE UNDERGRADUATE PROGRAMS ARE BASED ON THE LIBERAL ARTS. THE UNIVERSITY OFFERS BACCALAUREATE AND MASTER DEGREES, A CERTIFICATE OF ADVANCED GRADUATE STUDY AND A PH.D. IN HUMANITIES AND INTERNATIONAL RELATIONS.
    Expenses $127,752,336 · grants $58,497,582 · revenue $135,227,007

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
05-0259080
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Exempt since
1946
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B430)
Assets (IRS master file)
$278,864,156
Income (IRS master file)
$180,531,274

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$159,139,471$145,939,951$278,864,156IRS
990-TJune 2025–––IRS
990June 2024$136,806,510$139,363,074$223,861,328IRS
990-TJune 2024–––IRS
990June 2023$136,593,065$135,367,026$221,864,570XML
990-TJune 2023–––IRS
990June 2022$142,488,013$128,010,860$217,395,157IRS
990-TJune 2022–––IRS
990June 2021–––IRS
990-TJune 2021–––IRS
990June 2020–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 05-0259080).

Questions about SALVE REGINA UNIVERSITY

What is the EIN of SALVE REGINA UNIVERSITY?
The employer identification number (EIN) of SALVE REGINA UNIVERSITY is 05-0259080.
Is SALVE REGINA UNIVERSITY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1946.
Which annual return does SALVE REGINA UNIVERSITY file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of SALVE REGINA UNIVERSITY due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SALVE REGINA UNIVERSITY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of SALVE REGINA UNIVERSITY?
The 990 for the year ended June 30, 2025 names DR KELLI J ARMSTRONG.
Who are the officers and directors of SALVE REGINA UNIVERSITY?
The 990 for the year ended June 30, 2025 lists 47 people; 16 received compensation from the organization, the highest $314,720 (KELLI J ARMSTRONG, PRESIDENT).
How much revenue does SALVE REGINA UNIVERSITY have?
On its 990 for the year ended June 30, 2025 it reported revenue of $159,139,471, expenses of $145,939,951 and total assets of $278,864,156 at year end.

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