Rosalind Franklin University Of Medicine & Science
- Assets
- $321.9m
- Revenue
- $130.1m
- Investments
- $29.2m
- Employees
- 1,587
- Location
- North Chicago, IL
- Founding
- 08/1945
- Data as of
- 06/2021
- EIN
- 36-2181973
Organization Overview
Rosalind Franklin University Of Medicine & Science is located in North Chicago, IL. The organization was established in 1945. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2022, Rosalind Franklin University Of Medicine & Science employed 1,587 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rosalind Franklin University Of Medicine & Science 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, Rosalind Franklin University Of Medicine & Science generated $130.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $123.3m during the year ending 06/2021. While expenses have increased by 1.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF ROSALIND FRANKLIN UNIVERSITY IS TO SERVE HUMANITY THROUGH THE INTERPROFESSIONAL EDUCATION OF HEALTH AND BIOMEDICAL PROFESSIONALS, AND THE DISCOVERY OF KNOWLEDGE DEDICATED TO IMPROVING WELLNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION - THE PRIMARY PURPOSE OF THE UNIVERSITY IS TO EDUCATE AND TRAIN MEDICAL AND OTHER HEALTHCARE PROFESSION STUDENTS. IN THE 2021-2022 ACADEMIC YEAR, RFUMS TRAINED OVER 2,000 STUDENTS.
OTHER PROGRAM SERVICE REVENUES AND EXPENSES INCLUDE INTEREST ON STUDENT LOANS AND PENALTIES, STUDENT HOUSING REVENUE AND OTHER PROGRAM SERVICES.
RESEARCH - A CORE COMPONENT OF THE UNIVERSITY'S MISSION IS THE DISCOVERY OF KNOWLEDGE DEDICATED TO IMPROVING THE HEALTH OF THE NATION'S PEOPLE. IN ADDITION TO INSTRUCTION, MANY OF THE UNIVERSITY FACULTY ENGAGE IN UNIVERSITY-FUNDED AND EXTERNALLY FUNDED RESEARCH PROJECTS. PRIMARY AREAS OF RESEARCH FOCUS INCLUDE: BRAIN SCIENCES, GENETIC DISEASES, PROTEOMICS, CANCER CELL BIOLOGY, IMMUNOLOGY, INFLAMMATION, CARDIAC RESUSCITATION, GAIT AND MOVEMENT/FALL PREVENTION, HEALTH EQUITY, AND SELECTED AREAS OF PSYCHOLOGY. EXTERNAL FUNDING COMES FROM THE NATIONAL INSTITUTES OF HEALTH AND ORGANIZATIONS SUCH AS THE MICHAEL REESE RESEARCH AND EDUCATION FOUNDATION, THE CYSTIC FIBROSIS FOUNDATION, AND THE FOREBATTEN FOUNDATION.
PATIENT CARE - THE UNIVERSITY UTILIZES EXISTING LABORATORY FACILITIES AND PERSONNEL TO PROCESS GENERAL LAB TESTS AND SPECIALIZED LAB TESTS FOR REPRODUCTIVE IMMUNOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice Chair/trustee | OfficerTrustee | 2 | $0 |
Name Not Listed President & CEO | OfficerTrustee | 38 | $786,563 |
Name Not Listed Chair/trustee | OfficerTrustee | 2 | $0 |
Name Not Listed Treasurer/trustee | OfficerTrustee | 2 | $0 |
Name Not Listed Secretary/trustee | OfficerTrustee | 2 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Woodlands On Green Bay Apartments Student Housing Services | 6/29/22 | $1,473,104 |
Eab Global Inc Student Recruitment Services | 6/29/22 | $519,241 |
Harvard Maintenance Inc Janitorial Services | 6/29/22 | $1,384,163 |
Ted Studios Inc Marketing | 6/29/22 | $318,507 |
Balanced Environments Inc Landscaping Services | 6/29/22 | $316,505 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,383,175 |
| Investment income | $793,177 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $119,260 |
| Net Gain/Loss on Asset Sales | $4,257,275 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $130,066,998 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $7,734,612 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,189,143 |
| Compensation to disqualified persons | $233,955 |
| Other salaries and wages | $56,417,927 |
| Pension plan accruals and contributions | $2,441,608 |
| Other employee benefits | $4,471,972 |
| Payroll taxes | $4,556,299 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $375,141 |
| Fees for services: Accounting | $397,989 |
| Fees for services: Lobbying | $9,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $108,398 |
| Fees for services: Other | $8,620,207 |
| Advertising and promotion | $836,537 |
| Office expenses | $5,238,650 |
| Information technology | $2,113,643 |
| Royalties | $0 |
| Occupancy | $5,249,482 |
| Travel | $29,531 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $166,094 |
| Interest | $5,939,428 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,925,764 |
| Insurance | $1,156,139 |
| All other expenses | $0 |
| Total functional expenses | $123,304,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,417,316 |
| Savings and temporary cash investments | $11,751,127 |
| Pledges and grants receivable | $893,598 |
| Accounts receivable, net | $9,918,628 |
| 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 | $5,722,247 |
| Investments—publicly traded securities | $74,598,647 |
| Investments—other securities | $29,180,790 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,638,480 |
| Total assets | $321,942,163 |
| Accounts payable and accrued expenses | $17,884,549 |
| Grants payable | $0 |
| Deferred revenue | $11,568,211 |
| Tax-exempt bond liabilities | $59,285,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $50,785,986 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $29,667,433 |
| Total liabilities | $169,191,179 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $152,750,984 |