Rockefeller University
- Assets
- $3.9b
- Revenue
- $455.4m
- Investments
- $1.2b
- Employees
- 1,813
- Location
- New York, NY
- Founding
- 05/1938
- Data as of
- 06/2020
- EIN
- 13-1624158
Organization Overview
Rockefeller University is located in New York, NY. The organization was established in 1938. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2020, Rockefeller University employed 1,813 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Rockefeller University generated $455.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $549.3m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE ROCKEFELLER UNIVERSITY (THE UNIVERSITY) IS A WORLD RENOWNED CENTER FOR RESEARCH (SEE SCHEDULE O) AND GRADUATE EDUCATION IN THE BIOMEDICAL SCIENCES, CHEMISTRY, BIOINFORMATICS, AND PHYSICS. THE UNIVERSITY'S 82 LABORATORIES CONDUCT BOTH CLINICAL AND BASIC RESEARCH AND STUDY A DIVERSE RANGE OF BIOLOGICAL AND BIOMEDICAL PROBLEMS WITH THE MISSION OF IMPROVING THE UNDERSTANDING OF LIFE FOR THE BENEFIT OF HUMANITY. LABORATORIES ARE LOOSELY CLUSTERED IN NINE RESEARCH AREAS COVERING A WIDE SPECTRUM OF DISCIPLINES IN THE LIFE SCIENCES, INCLUDING NEUROSCIENCE, IMMUNOLOGY, GENETICS, STRUCTURAL BIOLOGY AND BIOINFORMATICS. THE UNIVERSITY DOES NOT CHARGE TUITION. ITS REVENUES ARE DERIVED PRIMARILY FROM INVESTMENT INCOME, GOVERNMENT GRANTS AND CONTRACTS, AND PRIVATE GIFTS AND GRANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH EDUCATION - 78 LABORATORIES INCLUDING 90 FACULTY MEMBERS, 238 POST-DOCTORAL SCHOLARS, 218 GRADUATE STUDENTS AND WEILL MEDICAL COLLEGE OF CORNELL UNIVERSITY MEDICAL STUDENTS.
HOSPITAL - CONSISTS OF 40 BEDS AND SERVES AS A CLINICAL RESEARCH CENTER FOR OUTPATIENTS AND INPATIENTS. THE ROCKEFELLER UNIVERSITY HOSPITAL EXISTS SOLELY TO CONDUCT CLINICAL RESEARCH. THE SPECIALIZED PERSONNEL AND OTHER RESOURCES AVAILABLE AT THE HOSPITAL FACILITATE CLINICAL RESEARCH FOR BOTH THE INVESTIGATOR AND THE RESEARCH PARTICIPANT.
LIBRARY CONTAINS 240,948 VOLUMES (OF WHICH 189,696 ARE ON-LINE) AND 7,203 ON-LINE SUBSCRIPTIONS AND IS MAINTAINED ON AN OPEN STOCK POLICY. THE LIBRARY STRIVES TO ADVANCE KNOWLEDGE BY SUPPORTING OUR UNIVERSITY'S WORLD CLASS RESEARCH COMMUNITY WITH TECHNOLOGY, INNOVATION, AND COLLABORATION IN THE FIELD OF SCIENCE INFORMATION AND COMMUNICATION.
AUXILIARY ENTERPRISES-HOUSING ON CAMPUS FOR SINGLE AND MARRIED STUDENTS;OFF CAMPUS HOUSING FOR FACULTY AND OTHER UNIVERSITY PERSONNEL; FOOD SERVICE CONSISTS OF CAFETERIA DINING FACILITIES; PRESS INCLUDES JOURNALS AND SUBSCRIPTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Falls VP & Cio | Officer | 50 | $1,452,137 |
Richard P Lifton MD PHD President | OfficerTrustee | 50 | $1,165,464 |
Thomas Lenehan Deputy Cio | 50 | $913,988 | |
Maren Imhoff Svp, Development | Officer | 50 | $725,957 |
Michael Young Vp, Academic Affairs | Officer | 50 | $690,053 |
Barry Coller VP & Physician-In-Chief | Officer | 50 | $659,485 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
M&j Mecanical Corp Construction Services | 6/29/20 | $2,908,125 |
Mgs Cleaning Services Cleaning Services | 6/29/20 | $1,412,702 |
Metropolitan Construction & Maintenance Construction Services | 6/29/20 | $1,012,759 |
Turner Construction Co Construction Services | 6/29/20 | $40,951,080 |
Sunshine Building Services Inc Porter Services | 6/29/20 | $1,305,201 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,222,893 |
| Related organizations | $0 |
| Government grants | $86,812,921 |
| All other contributions, gifts, grants, and similar amounts not included above | $87,827,895 |
| Noncash contributions included in lines 1a–1f | $25,635,652 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $176,863,709 |
| Total Program Service Revenue | $32,531,806 |
| Investment income | $1,711,415 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $56,772,759 |
| Net Rental Income | $6,170,487 |
| Net Gain/Loss on Asset Sales | $178,568,287 |
| Net Income from Fundraising Events | -$198,642 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $455,447,251 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,681,244 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,193,791 |
| Compensation of current officers, directors, key employees. | $4,981,157 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $130,493,385 |
| Pension plan accruals and contributions | $11,803,005 |
| Other employee benefits | $41,571,815 |
| Payroll taxes | $8,663,370 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,209,217 |
| Fees for services: Accounting | $443,020 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,439,238 |
| Fees for services: Other | $22,092,438 |
| Advertising and promotion | $1,143,822 |
| Office expenses | $47,082,373 |
| Information technology | $3,308,243 |
| Royalties | $31,922,373 |
| Occupancy | $10,516,028 |
| Travel | $884,077 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,326,115 |
| Interest | $36,679,947 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,338,332 |
| Insurance | $3,563,842 |
| All other expenses | $0 |
| Total functional expenses | $549,309,305 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,433 |
| Savings and temporary cash investments | $82,573,981 |
| Pledges and grants receivable | $213,249,491 |
| Accounts receivable, net | $8,789,670 |
| Loans from Officers, Directors, or Controlling Persons | $3,222,632 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $33,933,257 |
| Inventories for sale or use | $1,023,791 |
| Prepaid expenses and deferred charges | $3,515,408 |
| Net Land, buildings, and equipment | $1,171,360,181 |
| Investments—publicly traded securities | $1,142,058,651 |
| Investments—other securities | $1,195,688,985 |
| Investments—program-related | $3,979,320 |
| Intangible assets | $0 |
| Other assets | $20,211,294 |
| Total assets | $3,879,645,094 |
| Accounts payable and accrued expenses | $42,196,323 |
| Grants payable | $0 |
| Deferred revenue | $14,912,836 |
| Tax-exempt bond liabilities | $795,709,598 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $100,345,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $464,419,781 |
| Total liabilities | $1,417,583,538 |
| Net assets without donor restrictions | $362,918,488 |
| Net assets with donor restrictions | $2,099,143,068 |
| 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 | $3,879,645,094 |
Grants Recieved
Over the last fiscal year, we have identified 39 grants that Rockefeller University has recieved totaling $9,315,080.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: General support | $1,716,500 |
Shapiro-Silverberg Foundation New York, NY PURPOSE: CHARITABLE | $1,200,000 |
Jonathan M Nelson Family Foundation Providence, RI PURPOSE: TO SUPPORT ANNUAL FUND | $752,949 |
Jonathan M Nelson Family Foundation Providence, RI PURPOSE: TO SUPPORT ANNUAL FUND | $752,949 |
Jonathan M Nelson Family Foundation Providence, RI PURPOSE: TO SUPPORT ANNUAL FUND | $750,000 |
Jonathan M Nelson Family Foundation Providence, RI PURPOSE: TO SUPPORT ANNUAL FUND | $750,000 |
Endowment Analysis
| Beg. Balance | $2,112,311,806 |
| Earnings | $207,297,121 |
| Net Contributions | $9,513,481 |
| Other Expense | $144,431,882 |
| Ending Balance | $2,184,690,526 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fordham University Bronx, NY | $2,146,125,008 | $936,054,028 |
Rochester Institute Of Technology Rochester, NY | $2,165,976,339 | $849,584,640 |
St Johns University New York Jamaica, NY | $1,490,909,375 | $810,687,746 |
Rensselaer Polytechnic Institute Troy, NY | $1,598,843,813 | $653,047,178 |
Villanova University Villanova, PA | $1,878,489,443 | $644,725,997 |
The New School New York, NY | $1,263,076,833 | $558,997,855 |
Hofstra University Hempstead, NY | $1,235,224,804 | $592,927,157 |
Rockefeller University New York, NY | $3,879,645,094 | $455,447,251 |
Lehigh University Bethlehem, PA | $2,533,120,795 | $506,773,429 |
American University Of Beirut New York, NY | $1,902,791,001 | $608,300,843 |
Brandeis University Waltham, MA | $1,638,021,472 | $457,392,877 |
Seton Hall University South Orange, NJ | $814,560,000 | $456,494,000 |