EIN 16-0743209

University of Rochester

IRS 501(c) type
501(c)(3)
Num. employees
35,013
Year formed
1850
Most recent tax filings
2023-06-01
Description
University of Rochester offers higher education in various fields including liberal arts and sciences, medicine and dentistry, nursing and music, conducts research and provides charitable patient care services through its hospital and clinics. It comprises six schools catering to undergraduate to post-doctoral degree programs such as the school of arts and sciences, the hajim school of engineering, the warner school of education and human development. The university is situated in Rochester, NY.
Also known as...
Strong Memorial Hospital &ext Clinics
Total revenues
$5,415,018,869
2023
Total expenses
$5,337,555,405
2023
Total assets
$7,560,789,144
2023
Num. employees
35,013
2023

Program areas at University of Rochester

Educational activities - the University is comprised of six schools offering programs from undergraduate to post-doctoral degrees. These are the school of arts and sciences, the hajim school of engineering, the warner school of education and human development, eastman school of music, simon graduate school of business administration, school of nursing, and school of medicine and dentistry. There are also a number of important centers of academic excellence, for example, the institute of optics, the laboratory for laser energetics, the wilmot cancer center, and the flaum eye institute. The full-time faculty of the school of medicine and dentistry provide clinical services as part of the academic medical program; this activity occurs 100 percent within the medical school and is internally organized and supervised as urmfg or University of Rochester medical faculty group. There are 1,526 full-time tenured faculty members and 12,160 undergraduate and graduate students enrolled in the University. The University has always placed financial aid for its students among its highest priorities. Scholarships cover a portion of the cost of attending the University of Rochester. The University is committed to offering the highest quality education to its students, regardless of their economic circumstances or background. For example, the University has a program to expand higher education opportunities for students from the Rochester city school district (rcsd), a district with one of the highest poverty and school dropout rates in new york state. The University provides $25,000 per year for four years to every graduate of the school district who is admitted to the University's college of arts, sciences and engineering; this is equivalent to an award of $100,000 for each student.through the endowment, the University perpetuates and enhances its educational, research, clinical care programs and public service missions. This commitment requires an endowment payout of 5.7 percent calculated on a rolling five-year average of the endowment's market value. The University's endowment consists largely of individual funds thanks to the generosity of charitable donors. The donors of these gifts often specify and restrict the purposes for which the income may be spent to ensure long-term benefits.
Services of hospital and clinics- the University of Rochester (the "University") provides health care services to the greater Rochester and finger lakes area through strong memorial hospital, strong home care group, the various entities included in strong partners health system, inc. (sphs), f.f. Thompson health system, inc., livingston health care system, inc., the memorial hospital of william f. and gertrude f. jones, inc. and st. james hospital. To support the teaching and research missions of its school of medicine and dentistry and its school of nursing, the University of Rochester operates strong memorial hospital, a tertiary care teaching hospital, which includes the golisano children's hospital. Strong memorial hospital, golisano children's hospital, and the University of Rochester medical faculty group operate as unincorporated divisions of the University of Rochester. Strong memorial hospital provides health care services through its inpatient, outpatient and emergency facilities. The medical staff of the hospital is the faculty of the school of medicine and dentistry. The academic department chairs also function as the department heads of the medical services in the hospital. There are extensive intern and resident programs. The hospital provides care regardless of the patient's ability to pay for services. During the 2022-2023 fiscal year, there were 306,564 total inpatient days and 122,653 emergency visits. In addition to being a teaching facility, the hospital operates in a charitable manner consistent with the requirements of internal revenue code section 501(c)(3) and the "community benefit standard" of irs revenue ruling 69-545. In this regard, the governing body of the organization is composed of prominent citizens in the community. Medical staff privileges in the hospital are available to all qualified physicians in the area who also can qualify as full or part-time faculty of the school of medicine and dentistry; the hospital maintains a full-time emergency room open to all regardless of ability to pay; the hospital provides care to needy members of its community with its charity care policy regardless of their ability to pay for services and admits as patients those able to pay for care, either themselves or through third-party payers such as private health insurance or government programs such as medicare and medicaid. The hospital's excess funds are generally applied to expansion and replacement of existing facilities and equipment, medical research, amortization of indebtedness, improvements in patient care, community benefit activities and charity care.
Research activities: the University performs research, training, and other services under grants, contracts, and similar agreements with sponsoring organizations, primarily departments and agencies of the united states government. During the 2022-2023 fiscal year, there were 5,001 grants and contracts in effect that totaled $476,360,500 in revenue.rochester researchers are scientists and scholars, inventors and conservators, artists and analysts. They know many of the best breakthroughs in knowledge and creativity occur by crossing boundaries. Many of the University's research environments are designed to facilitate collaboration and exploration across disciplines. Research at the University of Rochester occurs in 60 research centers and institutes across the University, including: - the laboratory for laser energetics (lle) - the laser lab is the largest university-based department of energy research program in the nation and is home to the most powerful laser systems found at any academic institution in the world. At the lab, researchers from all over the world probe the extremes of temperature and pressure in laboratory-scale experiments. - the institute of optics - home to the nation's first optical science, engineering and design program. The institute of optics has granted about half of all degrees in optics awarded in the u.s. - the del monte institute for neuroscience - instrumental in bringing together neuroscience and related disciplines- biomedical engineering, brain and cognitive sciences, computer science, and neurology. This multidisciplinary work has made possible critical research into alzheimer's, multiple sclerosis, autism and dyslexia. - the humanities center - an intellectual home base for students, faculty, researchers, artists and the public. Research projects affect fields beyond the humanities, including medicine, business, science and engineering. - mt. Hope family center - leading experts provide evidence-based intervention and prevention services to over 900 at risk children and families annually. - institute for music leadership - developing creative and effective leaders for today's musical world.

Who funds University of Rochester

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Cornell University FoundationIn Furtherance of the Organization's Tax Exempt Mission$5,200,000
Eastman Dental Center FoundationDental Education, Research, and Clinic Operations$2,726,004
The Michael J. Fox Foundation for Parkinsons ResearchParkinson's Research$2,558,440
...and 388 more grants received totalling $51,830,892

Personnel at University of Rochester

NameTitleCompensation
Kathleen ParrinelloChief Operating Officer SMH , Executive Vice President SMH / Executive Vice President and Chief Operating Officer , SMH$879,596
Douglas W. PhillipsSenior Vice President and Chief Investment Officer$904,476
Elizabeth MilavecExecutive Vice President Administrative and Finance , Chief Financial Officer , TRSR$639,731
Michael J ApostolakosChief Marketing Officer , SMH and HH , Vice President Urmc$701,264
Kathleen GallucciVice President and Chief Human Resources Officer$458,575
...and 33 more key personnel

Financials for University of Rochester

RevenuesFYE 06/2023
Total grants, contributions, etc.$460,415,153
Program services$4,644,452,541
Investment income and dividends$226,282,694
Tax-exempt bond proceeds$1,294,559
Royalty revenue$2,723,964
Net rental income$0
Net gain from sale of non-inventory assets$77,383,778
Net income from fundraising events$1,935,583
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$530,597
Total revenues$5,415,018,869

Form 990s for University of Rochester

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-15990View PDF
2022-062023-05-12990View PDF
2021-062022-05-13990View PDF
2020-062021-05-26990View PDF
2019-062020-09-18990View PDF
...and 10 more Form 990s

Organizations like University of Rochester

OrganizationLocationRevenue
Harvard UniversityCambridge, MA$6,051,934,438
University of Southern California (USC)Los Angeles, CA$5,119,320,238
Columbia UniversityNew York, NY$6,654,842,677
University of Pennsylvania (Penn)Philadelphia, PA$9,925,251,000
Emory UniversityAtlanta, GA$6,307,404,920
Tulane UniversityNew Orleans, LA$1,674,159,000
Dartmouth CollegeHanover, NH$1,603,346,438
Massachusetts Institute of Technology (MIT)Cambridge, MA$4,954,533,000
University of Miami (UM)Coral Gables, FL$5,921,562,389
Vanderbilt UniversityNashville, TN$2,266,404,948
Data update history
August 10, 2024
Updated personnel
Identified 2 new personnel
August 10, 2024
Received grants
Identified 142 new grant, including a grant for $5,200,000 from Cornell University Foundation
July 16, 2024
Used new vendors
Identified 3 new vendors, including , , and
July 13, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 18, 2024
Received grants
Identified 2 new grant, including a grant for $40,000 from Caneel Family Foundation
Nonprofit Types
SchoolsHigher ed institutionsHospitalsHeadquarter / parent organizations
Issues
HealthEducation
Characteristics
Political advocacyOperates donor advised fundsLobbyingFundraising eventsOperates internationallyState / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsGala fundraisersAuction fundraisersTax deductible donationsAccepts online donations
General information
Address
Box 278893
Rochester, NY 14627
Metro area
Rochester, NY
County
Monroe County, NY
Website URL
rochester.edu/ 
Phone
(585) 275-2800
Facebook page
University.of.Rochester 
Twitter profile
@uofr 
IRS details
EIN
16-0743209
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1850
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B43: University or Technological Institute
NAICS code, primary
611310: Colleges, Universities, and Professional Schools
Parent/child status
Central organization
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