University Of Rochester is located in Rochester, NY. The organization was established in 1934. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, University Of Rochester employed 32,487 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Rochester 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 06/2021, University Of Rochester generated $4.8b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $4.3b during the year ending 06/2021. While expenses have increased by 4.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PROVISION OF HIGHER EDUCATION IN THE LIBERAL ARTS AND SCIENCES, MEDICINE AND DENTISTRY, NURSING AND MUSIC; RESEARCH; AND CHARITABLE PATIENT CARE SERVICES.
Describe the Organization's Program Activity:
EDUCATIONAL ACTIVITIES - THE UNIVERSITY IS COMPRISED OF SIX SCHOOLS OFFERING PROGRAMS FROM UNDERGRADUATE TO POST-DOCTORAL DEGREES. THESE ARE THE SCHOOL OF ARTS AND SCIENCES, THE HAJIM SCHOOL OF ENGINEERING, THE WARNER SCHOOL OF EDUCATION AND HUMAN DEVELOPMENT, EASTMAN SCHOOL OF MUSIC, SIMON GRADUATE SCHOOL OF BUSINESS ADMINISTRATION, SCHOOL OF NURSING, AND SCHOOL OF MEDICINE AND DENTISTRY. THERE ARE ALSO A NUMBER OF IMPORTANT CENTERS OF ACADEMIC EXCELLENCE, FOR EXAMPLE, THE INSTITUTE OF OPTICS, THE LABORATORY FOR LASER ENERGETICS, THE WILMOT CANCER CENTER, AND THE FLAUM EYE INSTITUTE. THE FULL-TIME FACULTY OF THE SCHOOL OF MEDICINE AND DENTISTRY PROVIDE CLINICAL SERVICES AS PART OF THE ACADEMIC MEDICAL PROGRAM; THIS ACTIVITY OCCURS 100 PERCENT WITHIN THE MEDICAL SCHOOL AND IS INTERNALLY ORGANIZED AND SUPERVISED AS URMFG OR UNIVERSITY OF ROCHESTER MEDICAL FACULTY GROUP. THERE ARE 1,386 FULL-TIME TENURED FACULTY MEMBERS AND 12,074 UNDERGRADUATE AND GRADUATE STUDENTS ENROLLED IN THE UNIVERSITY. THE UNIVERSITY HAS ALWAYS PLACED FINANCIAL AID FOR ITS STUDENTS AMONG ITS HIGHEST PRIORITIES. SCHOLARSHIPS COVER A PORTION OF THE COST OF ATTENDING THE UNIVERSITY OF ROCHESTER. THE UNIVERSITY IS COMMITTED TO OFFERING THE HIGHEST QUALITY EDUCATION TO ITS STUDENTS, REGARDLESS OF THEIR ECONOMIC CIRCUMSTANCES OR BACKGROUND. FOR EXAMPLE, THE UNIVERSITY HAS A PROGRAM TO EXPAND HIGHER EDUCATION OPPORTUNITIES FOR STUDENTS FROM THE ROCHESTER CITY SCHOOL DISTRICT (RCSD), A DISTRICT WITH ONE OF THE HIGHEST POVERTY AND SCHOOL DROPOUT RATES IN NEW YORK STATE. THE UNIVERSITY PROVIDES $25,000 PER YEAR FOR FOUR YEARS TO EVERY GRADUATE OF THE SCHOOL DISTRICT WHO IS ADMITTED TO THE UNIVERSITY'S COLLEGE OF ARTS, SCIENCES AND ENGINEERING; THIS IS EQUIVALENT TO AN AWARD OF $100,000 FOR EACH STUDENT.THROUGH THE ENDOWMENT, THE UNIVERSITY PERPETUATES AND ENHANCES ITS EDUCATIONAL, RESEARCH, CLINICAL CARE PROGRAMS AND PUBLIC SERVICE MISSIONS. THIS COMMITMENT REQUIRES AN ENDOWMENT PAYOUT OF 5.7 PERCENT CALCULATED ON A ROLLING FIVE-YEAR AVERAGE OF THE ENDOWMENT'S MARKET VALUE. THE UNIVERSITY'S ENDOWMENT CONSISTS LARGELY OF INDIVIDUAL FUNDS THANKS TO THE GENEROSITY OF CHARITABLE DONORS. THE DONORS OF THESE GIFTS OFTEN SPECIFY AND RESTRICT THE PURPOSES FOR WHICH THE INCOME MAY BE SPENT TO ENSURE LONG-TERM BENEFITS.
RESEARCH ACTIVITIES: THE UNIVERSITY PERFORMS RESEARCH, TRAINING, AND OTHER SERVICES UNDER GRANTS, CONTRACTS, AND SIMILAR AGREEMENTS WITH SPONSORING ORGANIZATIONS, PRIMARILY DEPARTMENTS AND AGENCIES OF THE UNITED STATES GOVERNMENT. DURING THE 2020-2021 FISCAL YEAR, THERE WERE 4,646 GRANTS AND CONTRACTS IN EFFECT THAT TOTALED $417,976,053 IN REVENUE.ROCHESTER RESEARCHERS ARE SCIENTISTS AND SCHOLARS, INVENTORS AND CONSERVATORS, ARTISTS AND ANALYSTS. THEY KNOW MANY OF THE BEST BREAKTHROUGHS IN KNOWLEDGE AND CREATIVITY OCCUR BY CROSSING BOUNDARIES. MANY OF THE UNIVERSITY'S RESEARCH ENVIRONMENTS ARE DESIGNED TO FACILITATE COLLABORATION AND EXPLORATION ACROSS DISCIPLINES. RESEARCH AT THE UNIVERSITY OF ROCHESTER OCCURS IN 60 RESEARCH CENTERS AND INSTITUTES ACROSS THE UNIVERSITY, INCLUDING: - THE LABORATORY FOR LASER ENERGETICS (LLE) - THE LASER LAB IS THE LARGEST UNIVERSITY-BASED DEPARTMENT OF ENERGY RESEARCH PROGRAM IN THE NATION AND IS HOME TO THE MOST POWERFUL LASER SYSTEMS FOUND AT ANY ACADEMIC INSTITUTION IN THE WORLD. AT THE LAB, RESEARCHERS FROM ALL OVER THE WORLD PROBE THE EXTREMES OF TEMPERATURE AND PRESSURE IN LABORATORY-SCALE EXPERIMENTS. - THE INSTITUTE OF OPTICS - HOME TO THE NATION'S FIRST OPTICAL SCIENCE, ENGINEERING AND DESIGN PROGRAM. THE INSTITUTE OF OPTICS HAS GRANTED ABOUT HALF OF ALL DEGREES IN OPTICS AWARDED IN THE U.S. - THE DEL MONTE INSTITUTE FOR NEUROSCIENCE - INSTRUMENTAL IN BRINGING TOGETHER NEUROSCIENCE AND RELATED DISCIPLINES- BIOMEDICAL ENGINEERING, BRAIN AND COGNITIVE SCIENCES, COMPUTER SCIENCE, AND NEUROLOGY. THIS MULTIDISCIPLINARY WORK HAS MADE POSSIBLE CRITICAL RESEARCH INTO ALZHEIMER'S, MULTIPLE SCLEROSIS, AUTISM AND DYSLEXIA. - THE HUMANITIES CENTER - AN INTELLECTUAL HOME BASE FOR STUDENTS, FACULTY, RESEARCHERS, ARTISTS AND THE PUBLIC. RESEARCH PROJECTS AFFECT FIELDS BEYOND THE HUMANITIES, INCLUDING MEDICINE, BUSINESS, SCIENCE AND ENGINEERING. - MT. HOPE FAMILY CENTER - LEADING EXPERTS PROVIDE EVIDENCE-BASED INTERVENTION AND PREVENTION SERVICES TO OVER 900 AT-RISK CHILDREN AND FAMILIES ANNUALLY. - INSTITUTE FOR MUSIC LEADERSHIP - DEVELOPING CREATIVE AND EFFECTIVE LEADERS FOR TODAY'S MUSICAL WORLD.
SERVICES OF HOSPITAL AND CLINICS- THE UNIVERSITY OF ROCHESTER (THE "UNIVERSITY") PROVIDES HEALTH CARE SERVICES TO THE GREATER ROCHESTER AND FINGER LAKES AREA THROUGH STRONG MEMORIAL HOSPITAL, STRONG HOME CARE GROUP, THE VARIOUS ENTITIES INCLUDED IN STRONG PARTNERS HEALTH SYSTEM, INC. (SPHS), F.F. THOMPSON HEALTH SYSTEM, INC., LIVINGSTON HEALTH CARE SYSTEM, INC., THE MEMORIAL HOSPITAL OF WILLIAM F. AND GERTRUDE F. JONES, INC. AND ST. JAMES HOSPITAL. TO SUPPORT THE TEACHING AND RESEARCH MISSIONS OF ITS SCHOOL OF MEDICINE AND DENTISTRY AND ITS SCHOOL OF NURSING, THE UNIVERSITY OF ROCHESTER OPERATES STRONG MEMORIAL HOSPITAL, A TERTIARY CARE TEACHING HOSPITAL, WHICH INCLUDES THE GOLISANO CHILDREN'S HOSPITAL. STRONG MEMORIAL HOSPITAL, GOLISANO CHILDREN'S HOSPITAL, AND THE UNIVERSITY OF ROCHESTER MEDICAL FACULTY GROUP OPERATE AS UNINCORPORATED DIVISIONS OF THE UNIVERSITY OF ROCHESTER. STRONG MEMORIAL HOSPITAL PROVIDES HEALTH CARE SERVICES THROUGH ITS INPATIENT, OUTPATIENT AND EMERGENCY FACILITIES. THE MEDICAL STAFF OF THE HOSPITAL IS THE FACULTY OF THE SCHOOL OF MEDICINE AND DENTISTRY. THE ACADEMIC DEPARTMENT CHAIRS ALSO FUNCTION AS THE DEPARTMENT HEADS OF THE MEDICAL SERVICES IN THE HOSPITAL. THERE ARE EXTENSIVE INTERN AND RESIDENT PROGRAMS. THE HOSPITAL PROVIDES CARE REGARDLESS OF THE PATIENT'S ABILITY TO PAY FOR SERVICES. DURING THE 2020-2021 FISCAL YEAR, THERE WERE 308,048 TOTAL INPATIENT DAYS AND 116,481 EMERGENCY VISITS. IN ADDITION TO BEING A TEACHING FACILITY, THE HOSPITAL OPERATES IN A CHARITABLE MANNER CONSISTENT WITH THE REQUIREMENTS OF INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE "COMMUNITY BENEFIT STANDARD" OF IRS REVENUE RULING 69-545. IN THIS REGARD, THE GOVERNING BODY OF THE ORGANIZATION IS COMPOSED OF PROMINENT CITIZENS IN THE COMMUNITY. MEDICAL STAFF PRIVILEGES IN THE HOSPITAL ARE AVAILABLE TO ALL QUALIFIED PHYSICIANS IN THE AREA WHO ALSO CAN QUALIFY AS FULL OR PART-TIME FACULTY OF THE SCHOOL OF MEDICINE AND DENTISTRY; THE HOSPITAL MAINTAINS A FULL-TIME EMERGENCY ROOM OPEN TO ALL REGARDLESS OF ABILITY TO PAY; THE HOSPITAL PROVIDES CARE TO NEEDY MEMBERS OF ITS COMMUNITY WITH ITS CHARITY CARE POLICY REGARDLESS OF THEIR ABILITY TO PAY FOR SERVICES AND ADMITS AS PATIENTS THOSE ABLE TO PAY FOR CARE, EITHER THEMSELVES OR THROUGH THIRD-PARTY PAYERS SUCH AS PRIVATE HEALTH INSURANCE OR GOVERNMENT PROGRAMS SUCH AS MEDICARE AND MEDICAID. THE HOSPITAL'S EXCESS FUNDS ARE GENERALLY APPLIED TO EXPANSION AND REPLACEMENT OF EXISTING FACILITIES AND EQUIPMENT, MEDICAL RESEARCH, AMORTIZATION OF INDEBTEDNESS, IMPROVEMENTS IN PATIENT CARE, COMMUNITY BENEFIT ACTIVITIES AND CHARITY CARE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
George M Alfieris MD Professor-Cardiac Surgery M&d | 85 | $7,492,136 | |
Robert W Molinari MD Professor-Orthopaedics M&d | 55 | $2,155,021 | |
Michael D Maloney MD Professor-Orthopaedics M&d | 86 | $1,948,938 | |
Tarun Bhalla MD Assoc Prof Neurology | 60 | $1,928,777 | |
Ilya Voloshin MD Professor-Orthopaedics M&d | 60 | $1,532,743 | |
Mark B Taubman MD Srvp Health,ceo Urmc, Dean Smd | Officer | 68 | $1,402,783 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Lechase Construction Services Construction Srvcs | 6/29/21 | $6,459,528 |
Cabot Group Inc Custodial Main Srvcs | 6/29/21 | $6,421,129 |
Epic Systems Corporation Tech Support Srvcs | 6/29/21 | $6,347,866 |
Interlakes Oncology And Hematology Medical Services | 6/29/21 | $5,929,428 |
Dga Builders Inc Construction Srvcs | 6/29/21 | $4,920,173 |
Statement of Revenue | |
---|---|
Federated campaigns | $384,360 |
Membership dues | $0 |
Fundraising events | $3,191,000 |
Related organizations | $2,209,000 |
Government grants | $434,452,574 |
All other contributions, gifts, grants, and similar amounts not included above | $71,714,384 |
Noncash contributions included in lines 1a–1f | $15,101,592 |
Total Revenue from Contributions, Gifts, Grants & Similar | $511,951,318 |
Total Program Service Revenue | $4,018,665,285 |
Investment income | $106,764,489 |
Tax Exempt Bond Proceeds | $78,637 |
Royalties | $3,281,418 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $115,482,474 |
Net Income from Fundraising Events | -$1,679 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,756,232,852 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $3,326 |
Grants and other assistance to domestic individuals. | $259,378,119 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $12,271,338 |
Compensation of current officers, directors, key employees. | $8,189,204 |
Compensation to disqualified persons | $2,167,891 |
Other salaries and wages | $1,946,933,858 |
Pension plan accruals and contributions | $97,965,697 |
Other employee benefits | $316,029,419 |
Payroll taxes | $125,356,580 |
Fees for services: Management | $16,468,938 |
Fees for services: Legal | $4,422,315 |
Fees for services: Accounting | $1,212,449 |
Fees for services: Lobbying | $314,119 |
Fees for services: Fundraising | $222,879 |
Fees for services: Investment Management | $3,863,752 |
Fees for services: Other | $135,056,294 |
Advertising and promotion | $2,480,217 |
Office expenses | $82,208,408 |
Information technology | $50,306,499 |
Royalties | $0 |
Occupancy | $112,239,413 |
Travel | $2,401,288 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $4,054,536 |
Interest | $41,442,318 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $213,413,885 |
Insurance | $23,382,986 |
All other expenses | $0 |
Total functional expenses | $4,295,127,288 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $630,529,978 |
Pledges and grants receivable | $163,645,813 |
Accounts receivable, net | $464,471,077 |
Loans from Officers, Directors, or Controlling Persons | $6,859,314 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $9,934,625 |
Inventories for sale or use | $60,337,798 |
Prepaid expenses and deferred charges | $23,538,687 |
Net Land, buildings, and equipment | $1,865,473,136 |
Investments—publicly traded securities | $905,421,212 |
Investments—other securities | $3,446,448,726 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $284,495,462 |
Total assets | $7,861,155,828 |
Accounts payable and accrued expenses | $616,057,392 |
Grants payable | $0 |
Deferred revenue | $71,161,531 |
Tax-exempt bond liabilities | $1,111,875,860 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $179,969,914 |
Unsecured mortgages and notes payable | $92,143,191 |
Other liabilities | $1,121,761,893 |
Total liabilities | $3,192,969,781 |
Net assets without donor restrictions | $2,830,553,138 |
Net assets with donor restrictions | $1,837,632,909 |
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 | $7,861,155,828 |
Over the last fiscal year, University Of Rochester has awarded $26,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Washington, DC PURPOSE: TO INCREASE THE PRESENCE OF MINORITY STUDENTS IN LEADING ENTRY-LEVEL CAREERS AND MAJOR GRADUATE BUSINESS SCHOOLS AS PREPARATION FOR LEADERSHIP POSITIONS IN CORPORATIONS, NON-PROFIT ORGANIZATIONS AND ENTREPRENEURIAL VENTURES. | $15,000 |
Rochester, NY PURPOSE: GENERAL SUPPORT | $11,000 |
Over the last fiscal year, we have identified 6 grants that University Of Rochester has recieved totaling $108,650.
Awarding Organization | Amount |
---|---|
Thomas Dubois Hormel Foundation Inc Fort Lauderdale, FL PURPOSE: TO PROVIDE EDUCATIONAL FACILITIES TO THE KIDS OF ROCHESTER | $50,000 |
The Child Health Foundation Birmingham, AL PURPOSE: MYOTONIC DYSTROPHY RESEARCH. | $36,000 |
Essick Foundation Inc Altadena, CA PURPOSE: GENERAL | $20,000 |
Becton Family Foundation Tr Homosassa, FL PURPOSE: CONTRIBUTION TO UNDERGRADUATE SCHOL | $2,500 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $100 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $50 |
Beg. Balance | $2,202,355,252 |
Earnings | $898,469,551 |
Net Contributions | $43,511,528 |
Other Expense | $112,060,128 |
Grants | $23,462,884 |
Ending Balance | $3,008,813,319 |
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 |