Rosalind Franklin University Of Medicine & Science
- Assets
- $321.9m
- Revenue
- $130.1m
- Investments
- $29.2m
- Employees
- 1,477
- 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 06/2021, Rosalind Franklin University Of Medicine & Science employed 1,477 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 6 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $123.3m during the year ending 06/2021. While expenses have increased by 1.9% 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 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:
INSTRUCTION - THE PRIMARY PURPOSE OF THE UNIVERSITY IS TO EDUCATE AND TRAIN MEDICAL AND OTHER HEALTHCARE PROFESSION STUDENTS. IN 2020, RFUMS TRAINED OVER 2,000 STUDENTS.
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, AND CANCER CELL BIOLOGY, IMMUNOLOGY AND INFLAMMATION. EXTERNAL FUNDING COMES FROM THE NATIONAL INSTITUTES OF HEALTH AND ORGANIZATIONS SUCH AS THE AMERICAN CANCER SOCIETY, 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.
OTHER PROGRAM SERVICE REVENUES AND EXPENSES INCLUDE INTEREST ON STUDENT LOANS AND PENALTIES, STUDENT HOUSING REVENUE AND OTHER PROGRAM SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee As Of 5.13.21 | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eab Global Inc Student Recruitment Services | 6/29/21 | $579,701 |
Harvard Maintenance Inc Janitorial Services | 6/29/21 | $951,125 |
Ssi (Us) Inc Dba Spencerstuart Personnel Recruiting | 6/29/21 | $292,897 |
Ted Studios Inc Marketing | 6/29/21 | $244,097 |
Woodlands On Green Bay Apartments Student Housing Services | 6/29/21 | $1,401,990 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $28,850 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,179,736 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,174,589 |
| Noncash contributions included in lines 1a–1f | $51,343 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,383,175 |
| Total Program Service Revenue | $107,592,144 |
| 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 organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $2,003,877 |
| 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 |
| Net Land, buildings, and equipment | $144,821,330 |
| 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 | $135,811,634 |
| Net assets with donor restrictions | $16,939,350 |
| 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 | $321,942,163 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Rosalind Franklin University Of Medicine & Science has recieved totaling $1,021,264.
| Awarding Organization | Amount |
|---|---|
Cystic Fibrosis Foundation Bethesda, MD PURPOSE: THERAPEUTICS DISCOVERY RESEARCH | $263,457 |
Fore Batten Foundation Chapel Hill, NC PURPOSE: TO FUND RESEARCH OF ADVANCING KNOWLEDGE AND CREATING KNOWLEDGE THAT CAN BE TRANSLATED INTO IMPROVING THE HEALTH OF THE POPULATION | $211,745 |
Cystic Fibrosis Foundation Bethesda, MD PURPOSE: RESEARCH | $139,994 |
Community Foundation Of The Fox River Valley Aurora, IL PURPOSE: BENEFIT GREATER AURO | $100,000 |
Zoll Foundation Inc Chelmsford, MA PURPOSE: AZIB SHAHIB, MD STUDY COVER RESEARCH ENTITLED "TRANSLATIONALLY RELEVANT SWINE MODEL OF LIPOPOLYSACCHARIDE-INDUCED SEPTIC SHOCK TO ASSESS A PERFUSION CENTERED APPROACH FOR THE MANAGEMENT OF SEPTIC SHOCK | $98,520 |
Cystic Fibrosis Foundation Bethesda, MD PURPOSE: RESEARCH STUDY | $65,450 |
Endowment Analysis
| Beg. Balance | $78,895,738 |
| Earnings | $22,190,123 |
| Net Contributions | $4,663,636 |
| Other Expense | $4,990,615 |
| Grants | $449,836 |
| Ending Balance | $100,309,046 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Midwestern University Downers Grove, IL | $1,723,437,982 | $501,547,069 |
A T Still University Of Health Sciences Kirksville, MO | $449,186,394 | $205,517,169 |
Milwaukee School Of Engineering Milwaukee, WI | $385,282,772 | $169,996,674 |
Rose-Hulman Institute Of Technology Terre Haute, IN | $458,661,917 | $143,470,483 |
Rosalind Franklin University Of Medicine & Science North Chicago, IL | $321,942,163 | $130,066,998 |
Moody Bible Institute Of Chicago Chicago, IL | $517,402,862 | $263,295,292 |
Kansas City University Kansas City, MO | $396,275,959 | $114,344,236 |
Des Moines University Osteopathic Medical Center Des Moines, IA | $450,267,375 | $87,558,866 |
Palmer College Foundation Davenport, IA | $257,383,249 | $91,492,236 |
Accreditation Council For Graduate Medical Education Chicago, IL | $103,044,710 | $71,823,147 |
University Of Health Sciences And Pharmacy In St Louis Saint Louis, MO | $314,379,266 | $75,273,875 |
Asbury Theological Seminary Wilmore, KY | $333,796,449 | $52,800,131 |