Salve Regina University
Overview
Mission
As a community that welcomes people of all beliefs, Salve Regina University, a Catholic institution founded by the Sisters of Mercy, seeks wisdom and promotes universal justice through teaching and research that prepares students for responsible lives. Giving Our Mission As a community that welcomes people of all beliefs, 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 students for responsible lives by imparting and expanding 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 judgment and prepare for the challenge of learning throughout their lives. In keeping with the traditions of the...
What it reported doing in 2024
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.
Operating model
- Revenue model
- Earned-program. 88% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 54% for direct work, and 46% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
Nonprofit profile at a glance
- EIN
- 050259080
- IRS 990 coverage
- 2009–2024
- Website reviewed
- Jul 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Headquarters
- Newport, RI, USA
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Standard
- Sector
- Universities
- Affiliation
- Christianity
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and the website gives limited detail about important organizational relationships.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 65
- Accountability: 93
- Sustainability: 61
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.9%; rating input score 82
- Program expense ratio: 87.5%; rating input score 88
- Fundraising efficiency: $7.72 raised per $1 spent on fundraising; rating input score 34; 34th percentile among comparable filings
Transparency & Controls
- Consistency checks: 88.9%; rating input score 89; 4th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Foreign activity oversight: 1 of 8 controls in place; rating input score 12
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
- Public monitoring controls: 0 of 8 controls in place; rating input score 0
- Public policy transparency: 1 of 7 controls in place; rating input score 14
- Public financial transparency: 0 of 5 controls in place; rating input score 0
- Impact reporting controls: 0 of 7 controls in place; rating input score 0
- Public relationship transparency: No; rating input score 0
Accountability
- Independent voting board: 96.6%; rating input score 97; 50th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Public governance controls: 2 of 4 controls in place; rating input score 50
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 8.3%; rating input score 68; 68th percentile among comparable filings
- Operating reserve ratio: 1.91; rating input score 60; 60th percentile among comparable filings
- Liabilities to assets ratio: 0.3; rating input score 55; 55th percentile among comparable filings
- Officer compensation ratio: 2.7%; rating input score 42; 42nd percentile among comparable filings
Growth
- Program expense growth: 4.3% per year; rating input score 100; 34th percentile among comparable filings
- Revenue growth: 4.3% per year; rating input score 100; 35th percentile among comparable filings
- Asset growth: 3.7% per year; rating input score 100; 25th percentile among comparable filings
Details
- What they do: Mission, programs, and operating context captured from the official website.
- Where the money goes: 81.9% of revenue deployed · 87.5% of spending went to programs
- Governance: 28 of 29 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $127.8M in reported program spending
- Leadership: top reported pay $457K · 47 people listed · 5 of 6 pay-setting controls reported
- Consistency: 41 of 43 current checks pass · 2 findings to review
- Schedules: 13 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 16 annual filings from 2009 to 2024
- Money network: 16 filed money-flow records
- Related organizations: 3 filed related-organization links