Rockefeller University
- Assets
- $4.3b
- Revenue
- $535.3m
- Investments
- $1.6b
- Employees
- 1,722
- Location
- New York, NY
- Founding
- 05/1938
- Data as of
- 06/2022
- EIN
- 13-1624158
Organization Overview
Rockefeller University is located in New York, NY. The organization was established in 1938. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2022, Rockefeller University employed 1,722 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rockefeller University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Rockefeller University generated $535.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $596.1m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ROCKEFELLER UNIVERSITY (THE UNIVERSITY) IS A WORLD RENOWNED CENTER FOR RESEARCH (SEE SCHEDULE O) AND GRADUATE EDUCATION IN THE BIOMEDICAL SCIENCES, CHEMISTRY, BIOINFORMATICS, AND PHYSICS. THE UNIVERSITY'S 86 LABORATORIES CONDUCT BOTH CLINICAL AND BASIC RESEARCH AND STUDY A DIVERSE RANGE OF BIOLOGICAL AND BIOMEDICAL PROBLEMS WITH THE MISSION OF IMPROVING THE UNDERSTANDING OF LIFE FOR THE BENEFIT OF HUMANITY. LABORATORIES ARE LOOSELY CLUSTERED IN NINE RESEARCH AREAS COVERING A WIDE SPECTRUM OF DISCIPLINES IN THE LIFE SCIENCES, INCLUDING NEUROSCIENCE, IMMUNOLOGY, GENETICS, STRUCTURAL BIOLOGY AND BIOINFORMATICS. THE UNIVERSITY DOES NOT CHARGE TUITION. ITS REVENUES ARE DERIVED PRIMARILY FROM INVESTMENT INCOME, GOVERNMENT GRANTS AND CONTRACTS, AND PRIVATE GIFTS AND GRANTS.
Describe the Organization's Program Activity:
RESEARCH EDUCATION - 69 LABORATORIES (AND 17 EMERITUS LABORATORIES) INCLUDING 75 FACULTY MEMBERS, 233 POST-DOCTORAL SCHOLARS, 252 GRADUATE STUDENTS AND WEILL MEDICAL COLLEGE OF CORNELL UNIVERSITY MEDICAL STUDENTS.
HOSPITAL - CONSISTS OF 40 BEDS AND SERVES AS A CLINICAL RESEARCH CENTER FOR OUTPATIENTS AND INPATIENTS. THE ROCKEFELLER UNIVERSITY HOSPITAL EXISTS SOLELY TO CONDUCT CLINICAL RESEARCH. THE SPECIALIZED PERSONNEL AND OTHER RESOURCES AVAILABLE AT THE HOSPITAL FACILITATE CLINICAL RESEARCH FOR BOTH THE INVESTIGATOR AND THE RESEARCH PARTICIPANT.
LIBRARY CONTAINS 415,492 VOLUMES (OF WHICH 370,028 ARE ON-LINE) AND 7,209 ON-LINE SUBSCRIPTIONS AND IS MAINTAINED ON AN OPEN STOCK POLICY. THE LIBRARY STRIVES TO ADVANCE KNOWLEDGE BY SUPPORTING OUR UNIVERSITY'S WORLD CLASS RESEARCH COMMUNITY WITH TECHNOLOGY, INNOVATION, AND COLLABORATION IN THE FIELD OF SCIENCE INFORMATION AND COMMUNICATION.
AUXILIARY ENTERPRISES - HOUSING ON CAMPUS FOR SINGLE AND MARRIED STUDENTS; OFF CAMPUS HOUSING FOR FACULTY AND OTHER UNIVERSITY PERSONNEL; FOOD SERVICE CONSISTS OF CAFETERIA DINING FACILITIES; PRESS INCLUDES JOURNAL AND SUBSCRIPTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard P Lifton MD PHD President | OfficerTrustee | 50 | $1,231,319 |
Maren Imhoff Svp, Development | Officer | 50 | $720,446 |
Michael Young Vp, Academic Affairs | Officer | 50 | $704,452 |
Barry Coller VP & Physician-In-Chief | Officer | 50 | $696,905 |
Timothy O'connor Executive Vice President | Officer | 50 | $687,946 |
Robert Roeder Professor, Head Of Laboratory | 50 | $593,834 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ropes & Gray Llp Legal Services | 6/29/22 | $6,144,634 |
Cohen & Gresser Llp Legal Services | 6/29/22 | $4,371,050 |
Blank Rome Llp Legal Services | 6/29/22 | $1,797,115 |
M&j Mechnical Construction Services | 6/29/22 | $1,694,437 |
Mgs Cleaning Services Cleaning Services | 6/29/22 | $1,600,667 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,159,200 |
| Related organizations | $0 |
| Government grants | $94,794,561 |
| All other contributions, gifts, grants, and similar amounts not included above | $134,329,586 |
| Noncash contributions included in lines 1a–1f | $68,135,169 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $230,283,347 |
| Total Program Service Revenue | $29,223,957 |
| Investment income | $2,129,009 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $27,611,622 |
| Net Rental Income | $6,938,752 |
| Net Gain/Loss on Asset Sales | $234,735,191 |
| Net Income from Fundraising Events | -$134,303 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $535,346,959 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,512,597 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,681,962 |
| Compensation of current officers, directors, key employees. | $5,543,681 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $121,381,401 |
| Pension plan accruals and contributions | $11,623,457 |
| Other employee benefits | $41,195,782 |
| Payroll taxes | $8,291,400 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,060,979 |
| Fees for services: Accounting | $438,158 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,134,640 |
| Fees for services: Other | $23,996,544 |
| Advertising and promotion | $583,036 |
| Office expenses | $50,749,335 |
| Information technology | $2,874,687 |
| Royalties | $12,116,936 |
| Occupancy | $11,212,217 |
| Travel | $437,985 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $656,978 |
| Interest | $36,523,589 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,573,416 |
| Insurance | $4,800,036 |
| All other expenses | $0 |
| Total functional expenses | $596,078,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,250 |
| Savings and temporary cash investments | $77,350,109 |
| Pledges and grants receivable | $219,281,212 |
| Accounts receivable, net | $9,754,007 |
| Loans from Officers, Directors, or Controlling Persons | $4,867,473 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $37,167,613 |
| Inventories for sale or use | $1,433,366 |
| Prepaid expenses and deferred charges | $3,978,481 |
| Net Land, buildings, and equipment | $1,108,823,323 |
| Investments—publicly traded securities | $1,184,611,231 |
| Investments—other securities | $1,591,203,822 |
| Investments—program-related | $3,661,539 |
| Intangible assets | $0 |
| Other assets | $20,835,515 |
| Total assets | $4,263,008,941 |
| Accounts payable and accrued expenses | $50,679,374 |
| Grants payable | $0 |
| Deferred revenue | $31,007,625 |
| Tax-exempt bond liabilities | $788,008,294 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $200,345,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $466,919,353 |
| Total liabilities | $1,536,959,646 |
| Net assets without donor restrictions | $231,563,689 |
| Net assets with donor restrictions | $2,494,485,606 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,263,008,941 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Rockefeller University has recieved totaling $283,500.
| Awarding Organization | Amount |
|---|---|
Mohapatra Family Foundation Inc Albany, NY PURPOSE: GENERAL | $270,000 |
P2 Foundation Inc Big Sky, MT PURPOSE: GENERAL OPERATING | $6,000 |
Georgescu Family Foundation Westport, CT PURPOSE: GENERAL BUSINESS | $2,500 |
Deeds Foundation New York, NY PURPOSE: GENERAL SUPPORT | $2,500 |
Hohmann Foundation New York, NY PURPOSE: UNRESTRICTED SUPPORT OF THE ORGANZIATION'S EXEMPT PURPOSE | $2,500 |
Endowment Analysis
| Beg. Balance | $2,816,696,877 |
| Earnings | -$72,618,237 |
| Net Contributions | $26,536,326 |
| Other Expense | $162,398,709 |
| Ending Balance | $2,608,216,257 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fordham University Bronx, NY | $2,430,141,698 | $953,892,663 |
Rochester Institute Of Technology Rochester, NY | $2,526,196,996 | $1,071,324,345 |
St Johns University New York Jamaica, NY | $1,703,677,283 | $798,473,536 |
Villanova University Villanova, PA | $2,287,455,797 | $872,271,471 |
Rensselaer Polytechnic Institute Troy, NY | $1,598,843,813 | $653,047,178 |
Rockefeller University New York, NY | $4,263,008,941 | $535,346,959 |
Lehigh University Bethlehem, PA | $3,057,301,515 | $713,288,867 |
The New School New York, NY | $1,263,076,833 | $558,997,855 |
Hofstra University Hempstead, NY | $1,538,245,078 | $606,887,297 |
American University Of Beirut New York, NY | $1,902,791,001 | $608,300,843 |
Quinnipiac University Hamden, CT | $1,807,258,104 | $531,949,834 |
Seton Hall University South Orange, NJ | $890,349,000 | $473,034,000 |