University Of Chicago

Organization Overview

University Of Chicago is located in Chicago, IL. The organization was established in 1951. 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, University Of Chicago employed 26,838 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Chicago 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, University Of Chicago generated $4.6b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $4.4b during the year ending 06/2022. While expenses have increased by 3.7% per year over the past 7 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.

Since 2015, University Of Chicago has awarded 1,411 individual grants totaling $361,309,791. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE UNIVERSITY OF CHICAGO HAS BEEN TO SUSTAIN AT THE HIGHEST LEVEL OF EXCELLENCE, THE COMMUNICATION OF KNOWLEDGE, THE CREATION OF KNOWLEDGE AND THE FOSTERING OF A DYNAMIC COMMUNITY OF SCHOLARS AND STUDENTS.

Describe the Organization's Program Activity:

INSTRUCTION: IN 2021-2022, THE UNIVERSITY ENROLLED 18,856 STUDENTS; OF THAT TOTAL, 7,550 WERE UNDERGRADUATE STUDENTS IN THE COLLEGE (THE UNIVERSITY'S UNDERGRADUATE SCHOOL), 4,673 WERE GRADUATE STUDENTS, 6,182 WERE STUDENTS IN THE UNIVERSITY'S PROFESSIONAL SCHOOLS AND 451 WERE NON-DEGREE STUDENTS.


THE OTHER PROGRAM SERVICES THAT SUPPORT THE MISSION OF INSTRUCTION AND RESEARCH ARE: AUXILIARY ENTERPRISES LIBRARY OTHER STUDENT SERVICES INFORMATION SERVICES OPERATION AND MAINTENANCE OF PLANT


RESEARCH: UNIVERSITY OF CHICAGO FACULTY CROSS TRADITIONAL DISCIPLINARY BOUNDARIES TO TRANSFORM UNDERSTANDINGS IN BUSINESS, ECONOMICS, HISTORY, LAW, LITERATURE, RELIGION, PHYSICS, CHEMISTRY AND BIOLOGY AND MEDICINE, AMONG OTHER FIELDS. IN PURSUIT OF THESE RESEARCH ENDEAVORS, DURING FISCAL YEAR 2021-2022 THE UNIVERSITY WAS AWARDED A TOTAL OF $641 MILLION IN RESEARCH FUNDING FROM FEDERAL AGENCIES, NON-FEDERAL GOVERNMENT ENTITIES, CORPORATIONS, FOUNDATIONS, AND OTHER SOURCES. THIS FISCAL YEAR $477 MILLION WAS EXPENDED FROM FEDERAL GOVERNMENT SPONSORS OF RESEARCH, WITH THE U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES AND THE NATIONAL SCIENCE FOUNDATION PROVIDING THE LARGEST AMOUNTS OF FUNDING. CORPORATE RESEARCH SPONSORSHIP AWARDS TOTALED $88.0 MILLION, FOLLOWED BY FOUNDATION RESEARCH SPONSORSHIP OF $57.7 MILLION. THE UNIVERSITY ALSO CONDUCTS SCIENTIFIC RESEARCH IN COLLABORATION WITH ARGONNE NATIONAL LABORATORY, OWNED BY THE UNITED STATES GOVERNMENT AND OPERATED BY THE UNIVERSITY THROUGH A DISREGARDED ENTITY, UNDER THE TERMS OF A COST REIMBURSEMENT CONTRACT WITH THE U.S. DEPARTMENT OF ENERGY. ARGONNE IS A MULTI-PURPOSE SCIENCE LABORATORY WITH A $1,113.7 MILLION ANNUAL BUDGET AND APPROXIMATELY 4,370 EMPLOYEES. PROGRAM SERVICE RESEARCH EXPENDITURES WERE $717.5 MILLION AND ARE INCLUDED IN THE RESEARCH PROGRAM SERVICE EXPENSE AMOUNT, AS IS REQUIRED FOR A DISREGARDED ENTITY. IN ADDITION, FERMI RESEARCH ALLIANCE, LLC, AN ENTITY JOINTLY OWNED BY THE UNIVERSITY AND UNIVERSITIES RESEARCH ASSOCIATION INC., OPERATES FERMI NATIONAL ACCELERATOR LABORATORY ("FERMILAB") FOR THE U.S. DEPARTMENT OF ENERGY. FERMILAB IS THE NATION'S PREEMINENT CENTER FOR HIGH-ENERGY PHYSICS AND AN INTERNATIONAL CENTER FOR SCIENTIFIC RESEARCH IN ELEMENTARY PARTICLE PHYSICS AND ASTROPHYSICS. FERMILAB HAS A $600.2 MILLION ANNUAL BUDGET AND APPROXIMATELY 1,970 EMPLOYEES.


SCHOLARSHIPS & FELLOWSHIPS: THE UNIVERSITY IS A NEED BLIND INSTITUTION WITH AN EXTENSIVE FINANCIAL AID PROGRAM WHICH IS DESIGNED TO ENABLE THE MOST QUALIFIED STUDENTS TO ATTEND THE UNIVERSITY REGARDLESS OF THEIR FINANCIAL CIRCUMSTANCES. FOR THE 2021-2022 ACADEMIC YEAR, APPROXIMATELY 53% OF ALL STUDENTS IN THE COLLEGE RECEIVED A TOTAL OF $180.2 MILLION OF FINANCIAL AID IN THE FORM OF GRANTS AND SCHOLARSHIPS. UNIVERSITY-WIDE EXPENDITURES FOR SCHOLARSHIPS AND FELLOWSHIPS AMOUNTED TO $570.0 MILLION. OF THIS AMOUNT, APPROXIMATELY $424.5 MILLION WAS PROVIDED FROM UNRESTRICTED FUNDS; THE REMAINING $145.5 MILLION CAME FROM RESTRICTED SOURCES. APPROXIMATELY 18% OF STUDENTS IN THE COLLEGE (THE UNIVERSITY'S UNDERGRADUATE COLLEGE) CURRENTLY RECEIVE ODYSSEY SCHOLARSHIPS. THE ODYSSEY SCHOLARSHIPS PROVIDE INCREASED ACCESS BY PROVIDING SCHOLARSHIP SUPPORT FOR FIRST GENERATION STUDENTS AND STUDENTS WITH FAMILY INCOMES TYPICALLY BELOW $125,000. THE ODYSSEY SCHOLARSHIP ALSO PROVIDES FUNDS FOR OTHER EDUCATIONAL OPPORTUNITIES LIKE STUDY ABROAD AND PROVIDING A PAID INTERNSHIP AFTER THE STUDENT'S FIRST YEAR IN THE COLLEGE. IN OCTOBER 2014, THE UNIVERSITY LAUNCHED THE NO BARRIERS PROGRAM TO ELIMINATE THE STUDENT LOAN REQUIREMENT FROM ALL UNDERGRADUATE, NEED-BASED FINANCIAL AID PACKAGES. THE LOANS WERE REPLACED BY THE UNIVERSITY WITH DIRECT GRANTS. BEGINNING WITH THE CLASS OF 2023, THE UNIVERSITY'S EMPOWER INITIATIVE WILL PROVIDE A GRANT/SCHOLARSHIP AWARD GUARANTEED TO COVER FULL-TUITION FOR FAMILIES EARNING LESS THAN $125,000 AND FULL-TUITION, FEES AND ROOM AND BOARD FOR FAMILIES EARNING LESS THAN $60,000. IN 2019, THE UNIVERSITY ANNOUNCED A NEW FUNDING MODEL FOR DOCTORAL STUDENTS. ALL STUDENTS ARE GUARANTEED FULL TUITION SUPPORT, PAID HEALTH INSURANCE AND AN ANNUAL STIPEND OF AT LEAST $31,000, BEGINNING WITH STUDENTS ENROLLING IN 2020-2021.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
President
$547,237
Name Not Listed
President
$3,405,394
Name Not Listed
Trustee
$0
Name Not Listed
Trustee
$0
Name Not Listed
Trustee
$0
Name Not Listed
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Bon Appetit Management Co
Food Services
$15,754,975
American Building Maintenance
Facility Maintenance
$13,773,145
Chartwells Dining Services
Food Services
$7,399,271
Berglund Construction Co
Construction & Related Services
$5,720,755
Turner Construction Co
Construction & Related Services
$4,843,551
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$2,511,051
Related organizations$71,750,000
Government grants $1,580,896,870
All other contributions, gifts, grants, and similar amounts not included above$537,214,870
Noncash contributions included in lines 1a–1f $78,588,346
Total Revenue from Contributions, Gifts, Grants & Similar$2,192,372,791
Total Program Service Revenue$1,793,229,141
Investment income $111,249,640
Tax Exempt Bond Proceeds $0
Royalties $17,297,790
Net Rental Income $0
Net Gain/Loss on Asset Sales $436,091,646
Net Income from Fundraising Events -$243,166
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $45,504,625
Miscellaneous Revenue$0
Total Revenue $4,613,831,972

Grants Awarded

Over the last fiscal year, University Of Chicago has awarded $74,388,194 in support to 192 organizations.

Grant RecipientAmount

ACCESS COMMUNITY HEALTH NETWORK

PURPOSE: Subaward

$137,850

ADVENTIST HEALTH SYSTEM

PURPOSE: Subaward

$9,616

ADVOCATE HEALTH AND HOSPITALS CORPORATION

PURPOSE: Subaward

$109,817

AIDS ACTION COALITION OF HUNTSVILLE

PURPOSE: Subaward

$65,816

ALBANY MEDICAL COLLEGE

PURPOSE: Subaward

$65,107

AMERICAN ASSOCIATION OF PHYSICISTS IN MEDICINE

PURPOSE: Subaward

$120,550
View Grant Profile

Peer Organizations

Organization NameAssets
Depaul University
Chicago, IL
$889,340,745
Loyola University Of Chicago
Chicago, IL
$813,555,821
Marquette University
Milwaukee, WI
$725,388,000
Illinois Institute Of Technology
Chicago, IL
$364,483,065
Butler University
Indianapolis, IN
$290,631,334
Bradley University
Peoria, IL
$223,758,505
Drake University
Des Moines, IA
$252,974,293
University Of Indianapolis
Indianapolis, IN
$200,536,938
The Lutheran University Association Inc
Valparaiso, IN
$197,856,544
Webster University
St Louis, MO
$155,919,681
Maryville University Of St Louis
St Louis, MO
$154,610,704
Roosevelt University
Chicago, IL
$131,830,306
Lindenwood Education System
St Charles, MO
$128,444,522
Aurora University
Aurora, IL
$160,759,615
Bellarmine University
Louisville, KY
$143,865,138
Olivet Nazarene University
Bourbonnais, IL
$142,248,844
North Central College
Naperville, IL
$135,795,363
Elmhurst University
Elmhurst, IL
$145,021,170
University Of The Cumberlands Inc
Williamsburg, KY
$181,639,633
National-Louis University
Wheeling, IL
$126,590,535
Saint Xavier University
Chicago, IL
$126,701,942
Carthage College
Kenosha, WI
$125,157,339
Rockhurst University
Kansas City, MO
$126,555,115
University Of Evansville
Evansville, IN
$89,456,694
Dominican University
River Forest, IL
$111,703,155

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