UNIVERSITY OF RICHMOND Charity Report

Public IRS 990 nonprofit record

UNIVERSITY OF RICHMOND

EIN 54-0505965 · Education (B430)

What they do

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 RICHMONDS 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/

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $82.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders43 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

78.29%of revenue went to mission work82.2% of expenses · Program services

3.04%of revenue went to fundraising3.2% of expenses

$95.27spent for every $100 of revenueRevenue covered expenses this year.

13.94%of revenue went to management and office costs14.6% of expenses

$7.96in assets for every $1 spent this yearSome assets cannot be spent right away.

6.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $2,867,853 for WILLIAM MCLEAN (PRESIDENT AND CIO, SMC). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$535,402,202

Mission workProgram services$419,175,42378.29% of revenue82.2% of expenses

ManagementOffice and general costs$74,641,61513.94% of revenue14.6% of expenses

FundraisingAsking for donations$16,251,2913.04% of revenue3.2% of expenses

Revenue left after expensesReported annual surplus$25,333,8734.73% of revenueShown in gray on the chart

Total expenses$510,068,32995.27% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 82.2% mission · 14.6% management · 3.2% fundraisingTotal expenses: 95.27% of revenue

2023Expense mix: 83.7% mission · 12.5% management · 3.8% fundraisingTotal expenses: 95.50% of revenue

2022Expense mix: 80.2% mission · 16.8% management · 3.0% fundraisingTotal expenses: 97.52% of revenue

2021Expense mix: 81.2% mission · 15.8% management · 3.0% fundraisingTotal expenses: 64.55% of revenue

2020Expense mix: 80.2% mission · 17.2% management · 2.7% fundraisingTotal expenses: 55.10% of revenue

2019Expense mix: 82.1% mission · 15.1% management · 2.8% fundraisingTotal expenses: 85.35% of revenue

2018Expense mix: 83.8% mission · 13.0% management · 3.2% fundraisingTotal expenses: 80.77% of revenue

2017Expense mix: 83.6% mission · 13.2% management · 3.3% fundraisingTotal expenses: 83.40% of revenue

Money in and money out

Revenue$535,402,202

Expenses$510,068,329

Annual surplus $25,333,873 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$419,175,423 · 82.2% of expenses

Management and office costs$74,641,615 · 14.6% of expenses

Fundraising$16,251,291 · 3.2% of expenses

See all reported dollar amounts

Revenue$535,402,202

Expenses$510,068,329

Assets$4,061,013,025

Income$1,594,136,368

Contributions$32,128,082

Mission work (program services)$419,175,423

Fundraising$16,251,291

Grants given$1,257,169

Average grant$40,554

Management and general$74,641,615

Stocks and bonds$291,138,219

Accounting fees$928,217

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

WILLIAM MCLEANPRESIDENT AND CIO, SMC · 40 hrs/week $2,867,853Base $2,378,280 · Other $489,573

KEVIN HALLOCKPRESIDENT AND TRUSTEE · 40 hrs/week $2,553,560Base $1,985,936 · Other $567,624

CHRISTOPHER MOONEYBASKETBALL COACH · 40 hrs/week $2,077,668Base $1,995,300 · Other $82,368

KAREN WELCHDEPUTY CIO, SMC · 40 hrs/week $1,002,332Base $935,082 · Other $67,250

SAMUEL TALIAFERRODIRECTOR, SMC · 40 hrs/week $846,091Base $785,009 · Other $61,082

DAVID HALEEVP & COO/TREASURER · 40 hrs/week $785,428Base $696,280 · Other $89,148

GREGORY CIAVERELLICHIEF OPERATING OFFICER, SMC · 40 hrs/week $735,957Base $699,829 · Other $36,128

JONATHAN MOORECHIEF ADMINISTRATIVE OFF, SMC · 40 hrs/week $731,746Base $696,218 · Other $35,528

A JOAN SAABEVP & PROVOST · 40 hrs/week $649,833Base $568,974 · Other $80,859

WENDY PERDUEDEAN, LAW · 40 hrs/week $556,992Base $490,123 · Other $66,869

RONALD CRUTCHERFORMER PRESIDENT · 40 hrs/week $517,491Base $464,210 · Other $53,281

STEPHANIE DUPAULVP FOR ENROLLMENT MANAGEMENT · 40 hrs/week $484,383Base $424,115 · Other $60,268

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (43)

WILLIAM MCLEANPRESIDENT AND CIO, SMC

KEVIN HALLOCKPRESIDENT AND TRUSTEE

CHRISTOPHER MOONEYBASKETBALL COACH

KAREN WELCHDEPUTY CIO, SMC

SAMUEL TALIAFERRODIRECTOR, SMC

DAVID HALEEVP & COO/TREASURER

GREGORY CIAVERELLICHIEF OPERATING OFFICER, SMC

JONATHAN MOORECHIEF ADMINISTRATIVE OFF, SMC

A JOAN SAABEVP & PROVOST

WENDY PERDUEDEAN, LAW

RONALD CRUTCHERFORMER PRESIDENT

STEPHANIE DUPAULVP FOR ENROLLMENT MANAGEMENT

ANN LLOYD BREEDENSECRETARY, BOARD OF TRUSTEES

JEFFREY LEGROFORMER EVP & PROVOST

JENNIFER CAVENAUGHDEAN, SCHOOL OF ARTS & SCIENCE

STEPHEN BISESEFORMER VP STUDENT DEVELOPMENT

TODD ADAMSVP STUDENT DEVELOPMENT

REGINALD N JONESTRUSTEE

H HITER HARRIS IIITRUSTEE

AJAY NAGPALTRUSTEE

STACY GARRETT-RAYTRUSTEE

STEPHEN J ARONSONTRUSTEE

STEPHEN J KNEELEYTRUSTEE

SUSAN G QUISENBERRYTRUSTEE

SUSAN M HUMPHREVILLETRUSTEE

TIMOTHY M COOKTRUSTEE

TRACEY H IVEYTRUSTEE

WENDELL L TAYLORTRUSTEE

RANDALL M SALVATORETRUSTEE

RAEGAN W MORRISTRUSTEE

R LEWIS BOGGSRECTOR

MIHIR J PATELTRUSTEE

MARY-BETH L NASHTRUSTEE

LISA S KNIGHTTRUST

KEVIN R SETHTRUSTEE

KATHLEEN HUGHES BETTENCOURTVICE-RECTOR

CYNTHIA L BORGERTRUSTEE

DAVID A LYONSTRUSTEE

JOHN D ONEILL JRTRUSTEE

JOHN A ROUSHTRUSTEE

JEFF A BROWNTRUSTEE

J GREGORY MORRISETTTRUSTEE

GREGORY S ROGOWSKITRUSTEE

About this charity

Recognized since: January 1941
Location: 110 UR DR, RICHMOND, VA 23173-0008
County: City of Richmond
In care of: % LAURIE F MELVILLE
Primary officer: DAVID B HALE, EXEC. VP & COO

How to reach them

WebsiteVisit the charity’s website Phone(804) 289-8150

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: PWC US TAX LLP
NTEE classification: Education (B430)
Grant-giving organization: Yes