Public Charity

SALVE REGINA UNIVERSITY

SALVE REGINA UNIVERSITY is a Public Charity headquartered in NEWPORT, RI. Financial data from the 2024 filing: $136.8M revenue, $139.4M expenses, $223.9M total assets. 87 publicly reported grants to this organization, totaling roughly $2.9M, appear in IRS filings.

EIN: 050259080 NEWPORT, RI Latest filing: 2024
Total Revenue$136.8M
Total Expenses$139.4M
Total Assets$223.9M
Grant Records87
Funding Total$2.9M
Filing Years2020–2024

Mission

AS AN ACADEMIC 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, (SEE SCHEDULE O FOR CONTINUATION) PREPARES MEN AND WOMEN 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 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.

Officers & Directors

TRUSTEE Anne Wallace Juge
TRUSTEE Bernard Mckay
TRUSTEE Brian Pryor
TRUSTEE, CHAIR Cheryl Mrozowski
TRUSTEE Christine Kavanagh Rsm
VICE PROVOST GRAD.PROF PGM David Altounian

Officer compensation and complete director data available with membership.

Top Grant Purposes

For grant recipient's exempt purposes
$858,682 8 grants
Aligning Curriculum, Mission, and Teaching through Targeted High-Impact Practices
$303,075 1 grant
PROGRAM SUPPORT
$274,050 6 grants
GENERAL SUPPORT
$147,021 9 grants
OTHER
$142,500 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $136.8M $139.4M $223.9M
2023 $136.6M $135.4M $221.9M
2022 $142.5M $128.0M $217.4M
2021 $125.9M $119.6M $216.0M
2020 $118.7M $114.6M $192.4M

Between 2020 and 2024, reported annual revenue grew from $118.7M to $136.8M (+15%), with total assets most recently reported at $223.9M.

Interactive year-over-year charts and full filing details available with membership.

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