REGENT UNIVERSITY

EIN: 541061178 501(c)(3)

Virginia Beach, VA

Total Revenue
$189,426,241
Total Expenses
$168,838,408
Total Assets
$239,013,915
Net Assets
$142,296,879
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
VA
Principal Officer
Stephen Bruce
Phone
7573524050
Tax Period
2024-07-01 to 2025-06-30

REGENT UNIVERSITY, founded in 1977, is a major nonprofit that reported $143.9M in total revenue in fiscal year 2017. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $161.7M exceeded revenue, resulting in a 12% operating deficit.

Mission

Regent University serves as a center of Christian thought and action to provide excellent education through a Biblical perspective and global context equipping Christian leaders to change the world.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $17,008,279
Program Service Revenue $165,544,737
Investment Income $6,481,872
Other Revenue $391,353
TOTAL REVENUE $189,426,241

Expense Breakdown

Grants Paid $27,997,860
Salaries & Benefits $79,708,562
Fundraising Expenses $2,163,132
Program Expenses $141,632,267
Other Expenses $61,131,986
TOTAL EXPENSES $168,838,408

Year-over-Year Comparison

2024 2023 Change
Revenue $189,426,241 $168,223,635 +0.1%
Expenses $168,838,408 $160,868,000 +0.0%
Net Income $20,587,833 $7,355,635 +1.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
19
Independent Members
18
Employees
1951
Volunteers
82

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$2,508,655
Total Directors
1
$973,222
Key Employees
1
$257,545
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gordon P Robertson Chancellor/Chief Executive Officer 26
Director
$351,625 $39,442 $973,222
Louis A Isakoff Sr Vice President and General Counsel 40
Officer
$401,478 $43,841 $445,319
Dorothy C Foster Exec VP Advancement/Enrollment Services 40
Officer
$328,539 $30,837 $359,376
Bradley J Lingo Dean/Professor - School of Law 40
Highest
$303,758 $31,599 $335,357
William L Hathaway Exec VP Academic Affairs 40
Officer
$282,199 $35,011 $317,210
Martha J Smith Vice President for Human Resources & Administration 40
Officer
$284,811 $31,127 $315,938
Stephen Bruce EVP Finance and Administration 40
Officer
$258,376 $34,400 $292,776
Joseph Umidi Executive Vice President for Student Life 40
Officer
$255,868 $24,080 $279,948
Simon Tarr Dean of Honors College/School of Communication 40
Highest
$234,629 $44,763 $279,392
Michele M Bachmann Dean - School of Government 40
Officer
$245,002 $22,772 $267,774
Doris Gomez Dean - School of Business and Leadership 40
Key Emp
$224,730 $32,815 $257,545
Joshua McMullen Dean - College of Arts and Sciences 4
Highest
$223,611 $28,939 $252,550
Chris Allen Mitchell Sr VP Chief of Police 40
Officer
$207,654 $22,660 $230,314
Drew Ashby Board Member 1
$0 $0 $0
Dianne Cash Board Member 1
$0 $0 $0
Chauncey W Crandall Board Member - Vice Chairman 1
$0 $0 $0
William Federer Board Member 1
$0 $0 $0
James Gregory Board Member 1
$0 $0 $0
Joe Johnson Board Member 1
$0 $0 $0
Stephen Levy Board Member 1
$0 $0 $0
Howard Long Board Member 1
$0 $0 $0
William Maynard Board Member 1
$0 $0 $0
David Melilli Board Member 1
$0 $0 $0
Jay A Sekulow Board Member 1
$0 $0 $0
Daniel C Sellers Jr Board Member 1
$0 $0 $0
Magda Serrano Board Member 1
$0 $0 $0
Phillip D Walker Board Member - Chairman 1
$0 $0 $0
Jennifer Whitelaw Board Member 1
$0 $0 $0
Steve Best Board Member 1
$0 $0 $0
Arun Daniel Board Member 1
$0 $0 $0
James Ward Board Member 1
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $189,426,241 $168,838,408 $239,013,915 $20,587,833
2024 $168,223,635 $160,868,000 $211,431,763 $7,355,635
2023 $160,194,490 $153,959,044 $200,757,176 $6,235,446
2022 $162,900,413 $144,554,204 $193,536,342 $18,346,209
2021 $160,798,797 $138,872,517 $192,723,352 $21,926,280
2020 $146,100,069 $141,520,695 $198,531,120 $4,579,374
2019 $151,004,032 $148,297,992 $197,098,757 $2,706,040
2018 $143,860,030 $161,651,507 $192,747,105 $-17,791,477
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