Roosevelt University is located in Chicago, IL. The organization was established in 1945. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 08/2021, Roosevelt University employed 2,430 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roosevelt 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 08/2021, Roosevelt University generated $160.4m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $161.5m during the year ending 08/2021. 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
EDUCATION OF ACADEMICALLY QUALIFIED STUDENTS FROM DIVERSE BACKGROUNDS AND ALL AGES TO BENEFIT FROM RIGOROUS HIGHER EDUCATION AND PROFESSIONAL DEVELOPMENT IN A DYNAMIC ENVIRONMENT.
Describe the Organization's Program Activity:
ROOSEVELT UNIVERSITY OFFERS PROGRAMS AND SERVICES THAT REINFORCE ITS STUDENT-CENTERED MISSION. THE UNIVERSITY OFFERS MORE THAN 100 UNDERGRADUATE, GRADUATE AND CERTIFICATE PROGRAMS AND IS COMMITTED TO THE HIGHEST ACADEMIC STANDARDS FOR ALL PROGRAMS. CLASS SCHEDULES ARE FLEXIBLE. COURSES ARE OFFERED FROM EARLY MORNING UNTIL LATE AT NIGHT, AS WELL AS ON WEEKENDS. ADDITIONALLY, IN FALL 2021, THE UNIVERSITY OFFERED MORE THAN 250 ONLINE CLASS SECTIONS WITH COURSE ENROLLMENTS EXCEEDING 5,000 STUDENTS. FULLY ONLINE DEGREE PROGRAMS ARE AVAILABLE. CLASS SIZES ARE SMALL. AT THE UNDERGRADUATE LEVEL, THE AVERAGE CLASS SIZE IS 17 AND AT THE GRADUATE LEVEL, THE AVERAGE CLASS SIZE IS 13. ROOSEVELT SERVES 2,600 UNDERGRADUATE AND 1,500 GRADUATE STUDENTS. THE FOLLOWING IS A LISTING OF THE APPROXIMATE NUMBER OF STUDENTS BY COLLEGE: ARTS & SCIENCES - 1,400 STUDENTS; EDUCATION - 600 STUDENTS; PERFORMING ARTS - 500 STUDENTS; BUSINESS - 900 STUDENTS AND SCIENCE, HEALTH, AND PHARMACY - 700 STUDENTS.
ROOSEVELT UNIVERSITY PROVIDES SUPPORT SERVICES THAT FOSTER LEARNING AND STUDENT SUCCESS ON CAMPUS. THESE SERVICES INCLUDE: FACULTY- LED EXPERIENTIAL LEARNING OPPORTUNITIES, THE ACADEMIC SUCCESS CENTER, CAREER SERVICES, COUNSELING CENTER, DISABILITY SERVICES, LEARNING COMMUNITIES, HEALTH & WELLNESS PROGRAMS, INTERNATIONAL PROGRAMS AND TUTORING.
ROOSEVELT UNIVERSITY'S COMMITMENT TO SOCIAL JUSTICE IS DEEPLY ROOTED IN ITS HISTORY AND IS REFLECTED IN ITS MISSION, STRATEGIC PLAN, RESEARCH AND LEARNING OPPORTUNITIES BOTH IN AND OUTSIDE OF THE CLASSROOM. THE MANSFIELD INSTITUTE FOR SOCIAL JUSTICE AND TRANSFORMATION, CREATED IN 1999 THROUGH A GIFT FROM THE MANSFIELD FOUNDATION, PROVIDES ROOSEVELT UNIVERSITY WITH OPPORTUNITIES TO INTEGRATE SOCIAL JUSTICE THROUGHOUT THE CURRICULUM AND RESEARCH. THE GOAL OF THE INSTITUTE IS TO FOSTER SOCIAL CONSCIOUSNESS AMONG THE UNIVERSITY COMMUNITY THROUGH SOCIAL JUSTICE PROGRAMMING IN THE AREAS OF HUMAN RIGHTS, SOCIAL AND POLITICAL ACTION AND THE ARTS. THE CENTER FOR NEW DEAL STUDIES FEATURES RESOURCES AND ACTIVITIES THAT DEEPEN THE UNDERSTANDING OF THE LIVES OF FRANKLIN AND ELEANOR ROOSEVELT, AND OF THE SOCIAL, ECONOMIC, POLITICAL AND CULTURAL HISTORY OF THE NEW DEAL ERA IN AMERICAN HISTORY. THE CENTER SPONSORS A VARIETY OF EDUCATIONAL PROGRAMS, INCLUDING LECTURE SERIES, COURSE OFFERINGS AND PUBLICATIONS. IN ADDITION, THE CENTER CONTAINS A REMARKABLE COLLECTION OF MATERIALS ON FRANKLIN AND ELEANOR ROOSEVELT AND THE NEW DEAL. THESE INCLUDE BOOKS, DIGITAL AND PHOTOGRAPHIC MEDIA, ORAL HISTORIES, MANUSCRIPT COLLECTIONS AND THOUSANDS OF PIECES OF EPHEMERA OF INTEREST TO ROOSEVELT SCHOLARS AND RESEARCHERS OF THE NEW DEAL.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Name Not Listed Trustee | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Aladdin Food Management Food Service | 8/30/21 | $1,329,492 |
Abm Janitorial Services Janitorial Services | 8/30/21 | $964,013 |
Ellucian Company Lp Software & Support | 8/30/21 | $568,311 |
Bulley & Andrews Masonry Llc Masonry | 8/30/21 | $500,000 |
University Center Property Llc Student Housing | 8/30/21 | $3,062,223 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $220,153 |
Related organizations | $0 |
Government grants | $19,299,797 |
All other contributions, gifts, grants, and similar amounts not included above | $3,164,005 |
Noncash contributions included in lines 1a–1f | $91,262 |
Total Revenue from Contributions, Gifts, Grants & Similar | $22,683,955 |
Total Program Service Revenue | $129,447,367 |
Investment income | $2,796,897 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $244,903 |
Net Gain/Loss on Asset Sales | $6,682,285 |
Net Income from Fundraising Events | -$54,300 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $160,424,797 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $45,757,309 |
Grants and other assistance to Foreign Orgs/Individuals | $2,576,920 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $4,669,633 |
Compensation of current officers, directors, key employees. | $560,356 |
Compensation to disqualified persons | $21,230 |
Other salaries and wages | $47,934,451 |
Pension plan accruals and contributions | $939,275 |
Other employee benefits | $5,518,922 |
Payroll taxes | $3,603,416 |
Fees for services: Management | $85,833 |
Fees for services: Legal | $281,218 |
Fees for services: Accounting | $209,626 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $430,416 |
Fees for services: Other | $3,768,655 |
Advertising and promotion | $1,336,984 |
Office expenses | $2,212,614 |
Information technology | $3,266,587 |
Royalties | $0 |
Occupancy | $8,127,789 |
Travel | $1,037,155 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $101,734 |
Interest | $12,959,795 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $8,435,204 |
Insurance | $1,197,776 |
All other expenses | $2,775,130 |
Total functional expenses | $161,499,718 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,003,122 |
Savings and temporary cash investments | $27,552,850 |
Pledges and grants receivable | $2,021,585 |
Accounts receivable, net | $28,030,829 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $2,905,784 |
Net Land, buildings, and equipment | $192,298,412 |
Investments—publicly traded securities | $166,486,425 |
Investments—other securities | $0 |
Investments—program-related | $17,215,023 |
Intangible assets | $960,799 |
Other assets | $21,436,524 |
Total assets | $461,911,353 |
Accounts payable and accrued expenses | $10,282,178 |
Grants payable | $0 |
Deferred revenue | $38,058,720 |
Tax-exempt bond liabilities | $224,688,023 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $22,791,210 |
Total liabilities | $295,820,131 |
Net assets without donor restrictions | $14,806,769 |
Net assets with donor restrictions | $151,284,453 |
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 | $461,911,353 |
Over the last fiscal year, we have identified 33 grants that Roosevelt University has recieved totaling $1,228,947.
Awarding Organization | Amount |
---|---|
A Better Chicago Chicago, IL PURPOSE: COMMUNITY DEVELOPMENT | $470,000 |
Travis Foundation New York, NY PURPOSE: SCHOLARSHIPS | $295,500 |
Abe And Esther Manaster Dr Charles H Solomon Scholarship Fund Wilmington, DE PURPOSE: SCHOLARSHIP | $62,000 |
Albert & Anne Mansfield Foundation Nashville, TN PURPOSE: GENERAL SUPPORT | $60,000 |
Abe & Esther Manaster-Dr Charles H Solomon Scholarship Fund Dallas, TX PURPOSE: SCHOLARSHIPS FOR WORTHY & | $45,000 |
Ernst And Elfriede Frank Foundation Inc New York, NY PURPOSE: GENERAL CHARITABLE | $40,000 |
Beg. Balance | $132,800,314 |
Earnings | $31,640,258 |
Net Contributions | $8,875,748 |
Grants | $5,208,167 |
Ending Balance | $168,108,153 |
Organization Name | Assets | Revenue |
---|---|---|
Depaul University Chicago, IL | $1,757,707,866 | $903,291,560 |
Loyola University Of Chicago Chicago, IL | $2,523,912,579 | $813,555,821 |
Marquette University Milwaukee, WI | $1,675,810,000 | $679,500,550 |
Illinois Institute Of Technology Chicago, IL | $730,458,628 | $396,565,185 |
Butler University Indianapolis, IN | $771,199,903 | $355,703,084 |
Drake University Des Moines, IA | $538,166,489 | $252,974,293 |
Bradley University Peoria, IL | $712,945,458 | $238,646,085 |
The Lutheran University Association Inc Valparaiso, IN | $578,078,702 | $192,641,554 |
University Of Indianapolis Indianapolis, IN | $306,225,107 | $207,052,087 |
Webster University St Louis, MO | $393,134,797 | $161,315,329 |
Maryville University Of St Louis St Louis, MO | $289,038,391 | $183,271,161 |
Roosevelt University Chicago, IL | $461,911,353 | $160,424,797 |