University Of Chicago Medical Center
- Assets
- $3.8b
- Revenue
- $2.2b
- Investments
- $475.6m
- Employees
- 10,799
- Location
- Chicago, IL
- Founding
- 05/1987
- Data as of
- 06/2020
- EIN
- 36-3488183
Organization Overview
University Of Chicago Medical Center is located in Chicago, IL. The organization was established in 1987. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2021, University Of Chicago Medical Center employed 10,799 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Chicago Medical Center 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 06/2020, University Of Chicago Medical Center generated $2.2b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $2.1b during the year ending 06/2020. While expenses have increased by 5.5% 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.
Since 2019, University Of Chicago Medical Center has awarded 126 individual grants totaling $2,492,125. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNIVERSITY OF CHICAGO MEDICAL CENTER ("UCMC") IS A NATIONALLY RECOGNIZED LEADER IN PATIENT CARE, RESEARCH AND MEDICAL EDUCATION. RENOWNED FOR TREATING SOME OF THE MOST COMPLEX MEDICAL CASES, UCMC BRINGS THE VERY LATEST MEDICAL TREATMENTS TO PATIENTS IN CHICAGO'S SOUTH SIDE COMMUNITY, AND THROUGHOUT THE WORLD. IN THIS WAY, UCMC FURTHERS ITS COMMITMENT TO PATIENT CARE, CLINICAL PRACTICE AND COMMUNITY HEALTH. UCMC PARTNERS WITH THE UNIVERSITY OF CHICAGO PHYSICIANS AND THE PRITZKER SCHOOL OF MEDICINE TO EDUCATE THE NEXT GENERATION OF PHYSICIANS AND OTHER HEALTH CARE PROFESSIONALS. THE MEDICAL CENTER IS A LEADING PROVIDER OF COMPLEX CARE IN THE STATE OF ILLINOIS AND UCMC IS THE LARGEST PROVIDER OF MEDICAID SERVICES (BY ADMISSIONS AND PATIENT DAYS) ON THE SOUTH SIDE OF CHICAGO AND ONE OF THE LARGEST IN THE STATE OF ILLINOIS. (CONTINUED ON SCHEDULE O)
THE PHARMACY PROVIDES SERVICES TO BOTH OUR INPATIENTS AND OUTPATIENTS, INCLUDING EMPLOYEES AND STUDENTS OF UCMC AND THE UNIVERSITY OF CHICAGO. THE DCAM OUTPATIENT PHARMACY AND SPECIALTY PHARMACY IS LOCATED IN THE DUCHOSSOIS CENTER FOR ADVANCED MEDICINE (DCAM) AND CAN BE REACHED 24/7 VIA TELEPHONE. INCLUDED IN THE SERVICES PROVIDED ARE ADULT INFUSION SERVICES THAT ARE OFFERED AT OUR FOUR INFUSION CENTER LOCATIONS. THE INPATIENT PHARMACY IS OPEN 24/7 AND PROCESSES APPROXIMATELY 425,000 MEDICATION ORDERS PER MONTH AND MAKES APPROXIMATELY 38,000 INTERVENTIONS PER MONTH. THE OUTPATIENT PHARMACY PROCESSES APPROXIMATELY 27,000 MEDICATION ORDERS PER MONTH AND MAKES APPROXIMATELY 8,500 INTERVENTIONS PER MONTH.
AS A CORE COMPONENT OF THE WORLD-RENOWNED UCHICAGO MEDICINE, UCHICAGO MEDICAL LABORATORIES PROVIDES ACCESS TO A FULL RANGE OF DIAGNOSTIC SERVICES IN CLINICAL, ANATOMIC, AND GENOMIC AND MOLECULAR PATHOLOGY, INCLUDING SPECIALIZED AND ESOTERIC TESTING. WE ALSO OFFER EXTENSIVE CONSULTATION SERVICES THROUGH UCHICAGO'S CLINICAL PRACTICES, WHICH INCLUDE MORE THAN 700 PHYSICIANS AND SCIENTISTS. OUR KNOWLEDGEABLE AND HIGHLY PROFESSIONAL STAFF SERVES UCHICAGO MEDICINE ENTITIES, MANAGED CARE ORGANIZATIONS, NON-AFFILIATED HOSPITALS, OUTPATIENT CLINICS, AND PRIVATE PHYSICIANS' OFFICES. WE HAVE A PROVEN TRACK RECORD FOR QUALITY TESTING WITH A QUICK TURNAROUND TIME. THE UCHICAGO MEDICAL LABORATORIES PROVIDED COVID-19 TESTING SERVICES TO A DOZEN PROVIDERS WHO SERVE RESIDENTS FROM UNDERSERVED SOUTH CHICAGO NEIGHBORHOODS. THESE PROVIDERS INCLUDED COMMUNITY HOSPITALS, NURSING HOMES AND FEDERALLY QUALIFIED HEALTH CENTERS WHO RECEIVED TEST RESULTS WITHIN 48 HOURS. TESTS PROVIDED ON BEHALF OF THESE COMMUNITY PROVIDERS MADE UP OVER 25% OF THE TOTAL COVID-19 TEST VOLUME AT UCHICAGO MEDICINE.
OTHER PROGRAM SERVICES INCLUDE FOOD SERVICE, MEDICAL CENTER PARKING, AND MISCELLANEOUS RETAIL OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed VP Clin Prctc & Vice Dean (thru 3/31/18) | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
University Of Chicago Physician Services | 6/29/21 | $390,711,774 |
Berglund Construction Construction Services | 6/29/21 | $14,239,318 |
Compass Group Food Service | 6/29/21 | $7,910,737 |
Epic Systems Corp Software/consulting | 6/29/21 | $7,390,763 |
Varian Medical Systems Radiology Software/consulting | 6/29/21 | $6,399,270 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $128,289,055 |
| Investment income | $5,191,395 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $39,549,212 |
| Net Income from Fundraising Events | -$187,463 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,229,814,021 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $17,970,906 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $696,269,133 |
| Pension plan accruals and contributions | $33,387,957 |
| Other employee benefits | $78,258,413 |
| Payroll taxes | $49,265,233 |
| Fees for services: Management | $830,371 |
| Fees for services: Legal | $3,425,355 |
| Fees for services: Accounting | $1,073,745 |
| Fees for services: Lobbying | $77,442 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,206,247 |
| Fees for services: Other | $330,248,510 |
| Advertising and promotion | $8,420,597 |
| Office expenses | $24,188,742 |
| Information technology | $24,098,219 |
| Royalties | $0 |
| Occupancy | $22,063,226 |
| Travel | $1,520,812 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $38,636,187 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $113,675,017 |
| Insurance | $13,311,044 |
| All other expenses | $0 |
| Total functional expenses | $2,091,967,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,942,090 |
| Savings and temporary cash investments | $388,558,708 |
| Pledges and grants receivable | $2,697,013 |
| Accounts receivable, net | $297,124,564 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $52,571,582 |
| Prepaid expenses and deferred charges | $31,111,149 |
| Investments—publicly traded securities | $611,603,058 |
| Investments—other securities | $475,573,134 |
| Investments—program-related | $337,117,248 |
| Intangible assets | $1,652,169 |
| Other assets | $223,463,770 |
| Total assets | $3,830,593,784 |
| Accounts payable and accrued expenses | $257,746,090 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $784,010,417 |
| 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 | $908,937,470 |
| Total liabilities | $1,950,693,977 |
| 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 | $1,879,899,807 |
Grants Awarded
Over the last fiscal year, University Of Chicago Medical Center has awarded $481,875 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
Milwaukee, WI PURPOSE: Community benefit grant for 5 Allies for contact tracing - COVID19 | $90,000 |
Chicago, IL PURPOSE: CB sponsorship of 2021 Bud Billiken Parade MEDIA | $50,000 |
Chicago, IL PURPOSE: SDOH grant addressing workforce development | $33,500 |
Chicago, IL PURPOSE: SDOH grant addressing access to care | $33,500 |
Austin, TX PURPOSE: SDOH grant addressing food insecurity | $33,500 |
BRIGHT STAR COMMUNITY OUTREACH PURPOSE: cb contribution to the 5th Annual Fundraising Gala | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 27 grants that University Of Chicago Medical Center has recieved totaling $1,928,565.
| Awarding Organization | Amount |
|---|---|
Coleman Foundation Inc Chicago, IL PURPOSE: HEALTH AND REHABILITATION - PROGRAM SUPPORT | $276,000 |
Robert R Mccormick Foundation Chicago, IL PURPOSE: FOR THE LEVEL 1 TRAUMA CENTER | $250,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $248,000 |
The Mayday Fund New York, NY PURPOSE: THE MANER PROJECT: MAXIMIZING ADOPTION OF NERVE BLOCKS IN THE ER | $175,223 |
The Mayday Fund New York, NY PURPOSE: THE MANER PROJECT: MAXIMIZING ADOPTION OF NERVE BLOCKS IN THE ER | $174,342 |
Beatrice P Delaney Char Fdn Chicago, IL PURPOSE: GENERAL | $125,000 |
Endowment Analysis
| Beg. Balance | $1,000,463,000 |
| Earnings | $293,296,000 |
| Net Contributions | $157,607,000 |
| Other Expense | $52,446,000 |
| Ending Balance | $1,398,920,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Lukes Hospital Of Kansas City Kansas City, MO | $1,771,100,748 | $1,070,641,998 |
Saint Thomas West Hospital St Louis, MO | $949,679,305 | $1,081,181,844 |
Mercy Hospital Springfield Springfield, MO | $547,925,906 | $1,115,699,805 |
Deaconess Hospital Inc Evansville, IN | $1,921,220,397 | $1,102,144,618 |
Ascension St John Hospital St Louis, MO | $469,518,860 | $965,978,781 |
Advocate North Side Health Network Downers Grove, IL | $946,824,836 | $901,672,521 |
The Carle Foundation Hospital Urbana, IL | $465,988,906 | $1,085,020,210 |
Ssm Healthcare Of Oklahoma Inc St Louis, MO | $640,999,933 | $906,998,301 |
Catholic Health Initiatives-Iowa Corp Des Moines, IA | $1,114,579,485 | $904,841,538 |
Central Iowa Hospital Corporation Des Moines, IA | $1,438,981,448 | $937,321,371 |
Saint Joseph Health System Inc Lexington, KY | $961,743,109 | $864,115,504 |
Uofl Health-Louisville Inc Louisville, KY | $577,142,236 | $950,019,808 |