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Nonprofit · EIN 54-0505965

UNIVERSITY OF RICHMOND

Also known as Alpha Phi Omega Omicron Phi

Tax-exempt · RICHMOND, VA 23173

Financials

$471.3M$459.6M2022$498.3M$475.9M2023$535.4M$510.1M2024
Revenue Expenses · by fiscal year end
Financials of UNIVERSITY OF RICHMOND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$535,402,202$510,068,329$25,333,873$4,061,013,025$399,989,355$3,661,023,670
June 30, 2024990$498,322,761$475,875,875$22,446,886$3,817,484,671$389,484,450$3,428,000,221
June 30, 2023990$471,311,543$459,612,825$11,698,718$3,705,697,925$362,755,001$3,342,942,924
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$32,128,082
of which government grants
$3,261,899
Program service revenue
$266,442,260
Investment income
$193,979,728
Royalties
$136,623
Net gain from sales of assets
$137,912,037
Net income from sales of inventory
$17,715,759
Tax-exempt bond proceeds
$1,253,239
Other revenue
$42,852,132

Expenses

Grants and similar amounts paid
$110,948,910
Compensation of officers, directors and key employees
$6,872,905
Other salaries and wages
$189,335,665
Salaries, compensation and benefits (total)
$249,963,249
Professional fundraising fees
$229,743
Legal fees
$719,266
Accounting fees
$928,217
Occupancy
$5,346,458
Travel
$18,367,292
Depreciation
$35,371,585
Program services (functional)
$419,175,423
Management and general (functional)
$74,641,615
Fundraising (functional)
$16,251,291

Balance sheet and other

Total assets, start of year
$3,817,484,671
Total assets, end of year
$4,061,013,025
Total liabilities, end of year
$399,989,355
Net assets, end of year
$3,661,023,670
Land, buildings and equipment
$379,755,725
Publicly traded securities
$291,138,219
Net assets without donor restrictions
$1,807,415,223
Net assets with donor restrictions
$1,853,608,447
Gross unrelated business income
$20,029,505
Gross receipts
$1,594,136,368
Employees
4,927
Volunteers
2,122
Year formed
1830
State of legal domicile
VA

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
WILLIAM MCLEANPRESIDENT AND CIO, SMC
Key employee
40$2,378,280$489,573
KEVIN HALLOCKPRESIDENT AND TRUSTEE
Trustee or director, Officer
40$1,985,936$567,624
CHRISTOPHER MOONEYBASKETBALL COACH
Highest-paid employee
40$1,995,300$82,368
KAREN WELCHDEPUTY CIO, SMC
Highest-paid employee
40$935,082$67,250
SAMUEL TALIAFERRODIRECTOR, SMC
Highest-paid employee
40$785,009$61,082
DAVID HALEEVP & COO/TREASURER
Officer
40$696,280$89,148
GREGORY CIAVERELLICHIEF OPERATING OFFICER, SMC
Highest-paid employee
40$699,829$36,128
Jonathan MooreChief Administrative Off, SMC
Highest-paid employee
40$696,218$35,528
A JOAN SAABEVP & PROVOST
Officer
40$568,974$80,859
WENDY PERDUEDEAN, LAW
Key employee
40$490,123$66,869
RONALD CRUTCHERFORMER PRESIDENT
Former
40$464,210$53,281
STEPHANIE DUPAULVP FOR ENROLLMENT MANAGEMENT
Key employee
40$424,115$60,268
ANN LLOYD BREEDENSECRETARY, BOARD OF TRUSTEES
Officer
40$352,593$63,749
JEFFREY LEGROFORMER EVP & PROVOST
Former
40$339,339$34,442
JENNIFER CAVENAUGHDEAN, SCHOOL OF ARTS & SCIENCE
Key employee
40$302,068$47,081
28 more people on this return
NameTitleHours / weekCompensationOther / benefits
STEPHEN BISESEFORMER VP STUDENT DEVELOPMENT
Former
40$279,094$68,654
TODD ADAMSVP STUDENT DEVELOPMENT
Key employee
40$122,086$17,957
R LEWIS BOGGSRECTOR
Trustee or director, Officer
2$0$0
KATHLEEN HUGHES BETTENCOURTVICE-RECTOR
Trustee or director, Officer
2$0$0
JEFF A BROWNTRUSTEE
Trustee or director
2$0$0
H HITER HARRIS IIITRUSTEE
Trustee or director
2$0$0
SUSAN M HUMPHREVILLETRUSTEE
Trustee or director
2$0$0
TRACEY H IVEYTRUSTEE
Trustee or director
2$0$0
REGINALD N JONESTRUSTEE
Trustee or director
2$0$0
MARY-BETH L NASHTRUSTEE
Trustee or director
2$0$0
JOHN A ROUSHTRUSTEE
Trustee or director
2$0$0
WENDELL L TAYLORTRUSTEE
Trustee or director
2$0$0
CYNTHIA L BORGERTRUSTEE
Trustee or director
2$0$0
MIHIR J PATELTRUSTEE
Trustee or director
2$0$0
STEPHEN J ARONSONTRUSTEE
Trustee or director
2$0$0
STACY GARRETT-RAYTRUSTEE
Trustee or director
2$0$0
STEPHEN J KNEELEYTRUSTEE
Trustee or director
2$0$0
AJAY NAGPALTRUSTEE
Trustee or director
2$0$0
Raegan W MorrisTrustee
Trustee or director
2$0$0
Susan G QuisenberryTrustee
Trustee or director
2$0$0
Gregory S RogowskiTrustee
Trustee or director
2$0$0
Kevin R SethTrustee
Trustee or director
2$0$0
TIMOTHY M COOKTRUSTEE
Trustee or director
2$0$0
DAVID A LYONSTRUSTEE
Trustee or director
2$0$0
LISA S KNIGHTTRUST
Trustee or director
2$0$0
J GREGORY MORRISETTTRUSTEE
Trustee or director
2$0$0
JOHN D O'NEILL JRTRUSTEE
Trustee or director
2$0$0
RANDALL M SALVATORETRUSTEE
Trustee or director
2$0$0
990 for the year ended June 30, 2024: 40 people
NameTitleHours / weekCompensationOther / benefits
WILLIAM MCLEANPRESIDENT AND CIO, SMC
Key employee
40$2,295,127$413,240
CHRISTOPHER MOONEYBASKETBALL COACH
Highest-paid employee
40$1,566,934$92,941
KEVIN HALLOCKPRESIDENT AND TRUSTEE
Trustee or director, Officer
40$1,051,350$552,312
KAREN WELCHDEPUTY CIO, SMC
Highest-paid employee
40$1,272,625$60,384
JEFFREY HIRESManaging Director, SMC
Highest-paid employee
40$861,604$58,384
Raymond Patrick FisheProfessor of Finance
Highest-paid employee
40$824,432$30,687
Jonathan MooreChief Administrative Off, SMC
Highest-paid employee
40$748,400$34,028
DAVID HALEEVP & COO/TREASURER
Officer
40$647,004$82,291
RONALD CRUTCHERFORMER PRESIDENT
Former
40$531,787$51,631
JEFFREY LEGROFORMER EVP & PROVOST
Former
40$488,733$55,559
WENDY PERDUEDEAN, LAW
Key employee
40$474,938$61,670
STEPHANIE DUPAULVP FOR ENROLLMENT MANAGEMENT
Key employee
40$388,283$48,460
ANN LLOYD BREEDENSECRETARY, BOARD OF TRUSTEES
Officer
40$296,942$50,468
JENNIFER CAVENAUGHDEAN, SCHOOL OF ARTS & SCIENCE
Key employee
40$298,943$43,961
STEPHEN BISESEVP, STUDENT DEVELOPMENT
Key employee
40$276,541$52,523
A JOAN SAABEVP & PROVOST (7/2023)
Officer
40$281,702$22,891
R LEWIS BOGGSRECTOR
Trustee or director, Officer
2$0$0
KATHLEEN HUGHES BETTENCOURTVICE-RECTOR
Trustee or director, Officer
2$0$0
RUSSELL C BALL IIITRUSTEE
Trustee or director
2$0$0
JEFF A BROWNTRUSTEE
Trustee or director
2$0$0
H HITER HARRIS IIITRUSTEE
Trustee or director
2$0$0
SUSAN M HUMPHREVILLETRUSTEE
Trustee or director
2$0$0
TRACEY H IVEYTRUSTEE
Trustee or director
2$0$0
REGINALD N JONESTRUSTEE
Trustee or director
2$0$0
MARY-BETH L NASHTRUSTEE
Trustee or director
2$0$0
AUSTIN P NEUHOFFTRUSTEE
Trustee or director
2$0$0
S GEORGIA NUGENTTRUSTEE
Trustee or director
2$0$0
ROBERT E RIGSBYTRUSTEE
Trustee or director
2$0$0
JOHN A ROUSHTRUSTEE
Trustee or director
2$0$0
WENDELL L TAYLORTRUSTEE
Trustee or director
2$0$0
CYNTHIA L BORGERTRUSTEE
Trustee or director
2$0$0
MIHIR J PATELTRUSTEE
Trustee or director
2$0$0
STEPHEN J ARONSONTRUSTEE
Trustee or director
2$0$0
STACY GARRETT-RAYTRUSTEE
Trustee or director
2$0$0
STEPHEN J KNEELEYTRUSTEE
Trustee or director
2$0$0
AJAY NAGPALTRUSTEE
Trustee or director
2$0$0
Raegan W MorrisTrustee
Trustee or director
2$0$0
Susan G QuisenberryTrustee
Trustee or director
2$0$0
Gregory S RogowskiTrustee
Trustee or director
2$0$0
Kevin R SethTrustee
Trustee or director
2$0$0
990 for the year ended June 30, 2023: 41 people
NameTitleHours / weekCompensationOther / benefits
WILLIAM MCLEANPRESIDENT AND CIO, SMC
Key employee
40$2,245,416$1,057,221
CHRISTOPHER MOONEYBASKETBALL COACH
Highest-paid employee
40$1,502,359$360,746
KEVIN HALLOCKPRESIDENT
Trustee or director, Officer
40$870,894$492,670
KAREN WELCHDIRECTOR, SMC
Highest-paid employee
40$949,894$56,351
STEVEN HENDERSONDIRECTOR, SMC
Highest-paid employee
40$799,161$52,302
DAVID HALEEVP & COO/TREASURER
Officer
40$661,813$131,730
KEVIN STOUDTDIRECTOR, SMC
Highest-paid employee
40$726,608$55,137
RUSSELL HUESMANHEAD FOOTBALL COACH
Highest-paid employee
40$633,156$132,043
RONALD CRUTCHERFORMER PRESIDENT
Former
40$669,948$44,833
JEFFREY LEGROEVP & PROVOST (THRU 6/2023)
Officer
40$527,026$64,783
ROBIN BLANDFORDFORMER CEO, SMC
Former
40$512,590$40,328
WENDY PERDUEDEAN, LAW
Key employee
40$455,641$58,780
STEPHANIE DUPAULVP FOR ENROLLMENT MANAGEMENT
Key employee
40$372,163$45,937
STEPHEN BISESEVP, STUDENT DEVELOPMENT
Key employee
40$263,658$101,044
KEITH MCINTOSHVP FOR INFORMATION SERVICES
Key employee
40$320,041$32,252
ANN LLOYD BREEDENSECRETARY, BOARD OF TRUSTEES
Officer
40$285,342$46,724
JENNIFER CAVENAUGHDEAN, SCHOOL OF ARTS & SCIENCE
Key employee
40$145,839$22,182
R LEWIS BOGGSRECTOR
Trustee or director, Officer
7$0$0
KATHLEEN HUGHES BETTENCOURTVICE-RECTOR
Trustee or director, Officer
7$0$0
RUSSELL C BALL IIITRUSTEE
Trustee or director
2$0$0
JEFF A BROWNTRUSTEE
Trustee or director
2$0$0
H HITER HARRIS IIITRUSTEE
Trustee or director
2$0$0
SUSAN M HUMPHREVILLETRUSTEE
Trustee or director
2$0$0
TRACEY H IVEYTRUSTEE
Trustee or director
2$0$0
REGINALD N JONESTRUSTEE
Trustee or director
2$0$0
MARY-BETH L NASHTRUSTEE
Trustee or director
2$0$0
AUSTIN P NEUHOFFTRUSTEE
Trustee or director
2$0$0
S GEORGIA NUGENTTRUSTEE
Trustee or director
2$0$0
ROBERT E RIGSBYTRUSTEE
Trustee or director
2$0$0
JOHN A ROUSHTRUSTEE
Trustee or director
2$0$0
WENDELL L TAYLORTRUSTEE
Trustee or director
2$0$0
CYNTHIA L BORGERTRUSTEE
Trustee or director
2$0$0
MIHIR J PATELTRUSTEE
Trustee or director
2$0$0
STEPHEN J ARONSONTRUSTEE
Trustee or director
2$0$0
STACY GARRETT-RAYTRUSTEE
Trustee or director
2$0$0
STEPHEN J KNEELEYTRUSTEE
Trustee or director
2$0$0
AJAY NAGPALTRUSTEE
Trustee or director
2$0$0
KEVIN R SETHTRUSTEE
Trustee or director
2$0$0
MARIANA LOPEZ DE LARATRUSTEE
Trustee or director
2$0$0
KAREN G O'MALEYTRUSTEE
Trustee or director
2$0$0
PATRICIA L ROWLANDTRUSTEE
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
110 UR DR, RICHMOND, VA 23173-0008
In care of
% LAURIE F MELVILLE
Mailing address (990-N for 2012)
28 Westhampton Way, Richmond VA 23173
Principal officer (990 for 2024)
DAVID B HALE, 110 UR DRIVE, RICHMOND, VA 231730001
Principal officer (990-N for 2012)
JP Wheeler, 28 Westhampton Way UR 1232, Richmond VA 23173
Signed the 990
DAVID B HALE, EXEC. VP & COO
Phone
(804) 289-8150
Return prepared by
PWC US TAX LLP

Mission

THE MISSION OF THE UNIVERSITY OF RICHMOND IS TO EDUCATE IN AN ACADEMICALLY CHALLENGING, INTELLECTUALLY VIBRANT, AND COLLABORATIVE COMMUNITY DEDICATED TO THE HOLISTIC DEVELOPMENT OF STUDENTS AND THE PRODUCTION OF SCHOLARLY AND CREATIVE WORK. A RICHMOND EDUCATION PREPARES STUDENTS FOR LIVES OF PURPOSE, THOUGHTFUL INQUIRY, AND RESPONSIBLE LEADERSHIP IN A DIVERSE WORLD. THE UNIVERSITY OF RICHMOND'S NEW STRATEGIC PLAN IS INTENDED TO BE BRIEF, CLEAR, AND ATTAINABLE, INSPIRE OUR COMMUNITY, AND GUIDE OUR FUTURE DIRECTION. IT CENTERS AROUND OUR "GUIDING LIGHTS": ACADEMIC EXCELLENCE, BELONGING & COMMUNITY, ACCESS & AFFORDABILITY, WELL-BEING, AND EXPERIENTIAL LEARNING & COMMUNITY ENGAGEMENT. UTILIZING THIS PLAN, WE ARE CURRENTLY ALIGNING AND STREAMLINING EFFORTS ACROSS OUR UNIVERSITY. TO VIEW THE PLAN IN ITS ENTIRETY, PLEASE VISIT: HTTPS://STRATEGICPLAN.RICHMOND.EDU/

990 for the year ended June 30, 2025

Program accomplishments

  • INSTRUCTION - THE UNIVERSITY OF RICHMOND ENDEAVORS TO OFFER ITS STUDENTS THE HIGHEST QUALITY EDUCATION POSSIBLE, MAKING AVAILABLE TOP-OF-THE-LINE RESOURCES AND FACILITIES. BY MAINTAINING AN 8:1 FACULTY TO STUDENT RATIO, EACH STUDENT HAS THE OPPORTUNITY TO ENJOY A PERSONAL AND UNIQUE LEARNING EXPERIENCE. THE KEY CHARACTERISTICS OF THE UNIVERSITY'S INSTRUCTIONAL FOUNDATION ARE A CHALLENGING LEARNING ENVIRONMENT, SMALL CLASSES, A HIGH QUALITY OF STUDENT LIFE, A COORDINATE COLLEGE SYSTEM, A COMMITMENT TO SERVICE, OPPORTUNITIES FOR MORAL AND SPIRITUAL DEVELOPMENT, A MIXTURE OF ENRICHING ACADEMIC AND CO-CURRICULAR EXPERIENCES, A SENSE OF COMMUNITY, AND A SPIRIT OF INNOVATION. THERE ARE APPROXIMATELY 4,000 STUDENTS.
    Expenses $242,762,900 · grants $110,893,732 · revenue $245,689,729
  • ACADEMIC SUPPORT - THE RESPECTIVE DEAN'S OFFICES OF EACH OF THE FIVE SCHOOLS OVERSEE THE MAINTENANCE AND DEVELOPMENT OF THE SCHOOL TO ENSURE THAT THEY MAINTAIN THE HIGH LEVEL OF ACADEMIC INTEGRITY THAT HAS BECOME THE STANDARD OF THE UNIVERSITY OF RICHMOND. THE UNIVERSITY OFFERS OPPORTUNITIES FOR CONTINUING EDUCATION IN EACH PROFESSOR'S SPECIALTY AS WELL AS IN NEW TEACHING METHODS AND TECHNOLOGY, WHILE FACULTY COMMITTEES WORK TOWARD CONTINUOUS IMPROVEMENT IN ALL AREAS OF STUDENT INSTRUCTION. ACADEMIC COMPUTING PROVIDES INFORMATION TECHNOLOGY TO ENHANCE THE ACADEMIC RESOURCES AVAILABLE TO PROFESSORS AND STUDENTS, AND TO THE COMMUNITY THROUGH THE UNIVERSITY LIBRARY. LECTURE FUNDS ARE SET ASIDE TO PAY FOR VISITING SPEAKERS ON TOPICS RELEVANT TO ACADEMIC STUDIES OFFERED.
    Expenses $52,549,389
  • AUXILIARY ENTERPRISES - THE HOUSING OFFICE STRIVES TO MAINTAIN A COMFORTABLE LIVING ENVIRONMENT FOR THE 91% OF THE STUDENT BODY THAT RESIDES ON CAMPUS EACH YEAR. DINING SERVICES AUGMENTS THESE EFFORTS BY ENSURING STUDENTS HAVE ACCESS TO EXEMPLARY SERVICE, OUTSTANDING QUALITY FOOD, WITH A PASSION AND COMMITMENT TO EXCELLENCE. THE BOOKSTORE ENSURES THAT MEMBERS OF THE UNIVERSITY COMMUNITY HAVE AN AFFORDABLE, CONVENIENT OPTION FOR UNIVERSITY OF RICHMOND TEXTBOOKS, GEAR, AND SUPPLIES. PRINTING SERVICES OFFERS TOP-QUALITY GRAPHIC COMMUNICATIONS FOR STUDENTS, FACULTY AND STAFF.
    Expenses $39,619,310 · revenue $42,193,101

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
54-0505965
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1941
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B430)
Assets (IRS master file)
$4,061,013,025
Income (IRS master file)
$1,594,136,368

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$535,402,202$510,068,329$4,061,013,025IRS
990-TJune 2025–––IRS
990June 2024$498,322,761$475,875,875$3,817,484,671IRS
990-TJune 2024–––IRS
990June 2023$471,311,543$459,612,825$3,705,697,925XML
990-TJune 2023–––IRS
990June 2022$652,188,560$420,959,502$3,710,804,570IRS
990-TJune 2022–––IRS
990June 2021–––IRS
990-TJune 2021–––IRS
990June 2020–––IRS
990June 2018–––IRS
990-N for 2012
Officer: JP Wheeler
June 30, 2013≤ $50,000 receipts––e-Postcard

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 54-0505965).

Questions about UNIVERSITY OF RICHMOND

What is the EIN of UNIVERSITY OF RICHMOND?
The employer identification number (EIN) of UNIVERSITY OF RICHMOND is 54-0505965.
Is UNIVERSITY OF RICHMOND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1941.
Are donations to UNIVERSITY OF RICHMOND tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does UNIVERSITY OF RICHMOND 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 UNIVERSITY OF RICHMOND 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 UNIVERSITY OF RICHMOND 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 UNIVERSITY OF RICHMOND?
The 990 for the year ended June 30, 2025 names DAVID B HALE.
Who are the officers and directors of UNIVERSITY OF RICHMOND?
The 990 for the year ended June 30, 2025 lists 43 people; 17 received compensation from the organization, the highest $2,378,280 (WILLIAM MCLEAN, PRESIDENT AND CIO, SMC).
How much revenue does UNIVERSITY OF RICHMOND have?
On its 990 for the year ended June 30, 2025 it reported revenue of $535,402,202, expenses of $510,068,329 and total assets of $4,061,013,025 at year end.

Other nonprofits in RICHMOND

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