University Of Chicago

Organization Overview

University Of Chicago is located in Chicago, IL. The organization was established in 1951. 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, University Of Chicago employed 26,771 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, University Of Chicago generated $3.7b in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $4.1b during the year ending 06/2020. While expenses have increased by 3.7% per year over the past 5 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 2015, University Of Chicago has awarded 1,039 individual grants totaling $225,377,754. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE UNIVERSITY OF CHICAGO HAS BEEN TO SUSTAIN AT THE HIGHEST LEVEL OF EXCELLENCE, THE COMMUNICATION OF KNOWLEDGE, THE CREATION OF KNOWLEDGE AND THE FOSTERING OF A DYNAMIC COMMUNITY OF SCHOLARS AND STUDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

INSTRUCTION: IN 2019-2020, THE UNIVERSITY ENROLLED 17,568 STUDENTS, OF THAT TOTAL, 6,790 WERE UNDERGRADUATE STUDENTS IN THE COLLEGE (THE UNIVERSITY'S UNDERGRADUATE SCHOOL), 4,321 WERE GRADUATE STUDENTS, 5,864 WERE STUDENTS IN THE UNIVERSITY'S PROFESSIONAL SCHOOLS AND 592 WERE NON-DEGREE STUDENTS.


RESEARCH: UNIVERSITY OF CHICAGO FACULTY CROSS TRADITIONAL DISCIPLINARY BOUNDARIES TO TRANSFORM UNDERSTANDINGS IN BUSINESS, ECONOMICS, HISTORY, LAW, LITERATURE, RELIGION, PHYSICS, CHEMISTRY AND BIOLOGY AND MEDICINE, AMONG OTHER FIELDS. IN PURSUIT OF THESE RESEARCH ENDEAVORS, DURING FISCAL YEAR 2019-2020 THE UNIVERSITY WAS AWARDED A TOTAL OF $604 MILLION IN RESEARCH FUNDING FROM FEDERAL AGENCIES, NON-FEDERAL GOVERNMENT ENTITIES, CORPORATIONS, FOUNDATIONS AND OTHER SOURCES. THIS FISCAL YEAR $433 MILLION WAS EXPENDED FROM FEDERAL GOVERNMENT SPONSORS OF RESEARCH, WITH THE U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES AND THE NATIONAL SCIENCE FOUNDATION PROVIDING THE LARGEST AMOUNTS OF FUNDING. CORPORATE RESEARCH SPONSORSHIP AWARDS TOTALED $92.0 MILLION, FOLLOWED BY FOUNDATION RESEARCH SPONSORSHIP OF $50.5 MILLION. THE UNIVERSITY ALSO CONDUCTS SCIENTIFIC RESEARCH IN COLLABORATION WITH ARGONNE NATIONAL LABORATORY, OWNED BY THE UNITED STATES GOVERNMENT AND OPERATED BY THE UNIVERSITY THROUGH A DISREGARDED ENTITY, UNDER THE TERMS OF A COST REIMBURSEMENT CONTRACT WITH THE U.S. DEPARTMENT OF ENERGY. ARGONNE IS A MULTI-PURPOSE SCIENCE LABORATORY WITH A $823.3 MILLION ANNUAL BUDGET AND APPROXIMATELY 3,500 EMPLOYEES. PROGRAM SERVICE RESEARCH EXPENDITURES WERE $481.1 MILLION AND ARE INCLUDED IN THE RESEARCH PROGRAM SERVICE EXPENSE AMOUNT, AS IS REQUIRED FOR A DISREGARDED ENTITY. IN ADDITION, FERMI RESEARCH ALLIANCE, LLC, AN ENTITY JOINTLY OWNED BY THE UNIVERSITY AND UNIVERSITIES RESEARCH ASSOCIATION INC., OPERATES FERMI NATIONAL ACCELERATOR LABORATORY ("FERMILAB") FOR THE U.S. DEPARTMENT OF ENERGY. FERMILAB IS THE NATION'S PREEMINENT CENTER FOR HIGH-ENERGY PHYSICS AND AN INTERNATIONAL CENTER FOR SCIENTIFIC RESEARCH IN ELEMENTARY PARTICLE PHYSICS AND ASTROPHYSICS. FERMILAB HAS A $488.6 MILLION ANNUAL BUDGET AND APPROXIMATELY 1,800 EMPLOYEES.


SCHOLARSHIPS & FELLOWSHIPS: THE UNIVERSITY IS A NEED BLIND INSTITUTION WITH AN EXTENSIVE FINANCIAL AID PROGRAM WHICH IS DESIGNED TO ENABLE THE MOST QUALIFIED STUDENTS TO ATTEND THE UNIVERSITY REGARDLESS OF THEIR FINANCIAL CIRCUMSTANCES. FOR THE 2019-2020 ACADEMIC YEAR, APPROXIMATELY 52 % OF ALL STUDENTS IN THE COLLEGE RECEIVED FINANCIAL AID IN THE FORM OF GRANTS AND SCHOLARSHIPS. UNIVERSITY-WIDE EXPENDITURES FOR SCHOLARSHIPS AND FELLOWSHIPS AMOUNTED TO $514.8 MILLION. OF THIS AMOUNT, APPROXIMATELY $388.0 MILLION WAS PROVIDED FROM UNRESTRICTED FUNDS; THE REMAINING $126.7 MILLION CAME FROM RESTRICTED SOURCES. APPROXIMATELY 18% OF STUDENTS IN THE COLLEGE (THE UNIVERSITY'S UNDERGRADUATE COLLEGE) CURRENTLY RECEIVE ODYSSEY SCHOLARSHIPS. THE ODYSSEY SCHOLARSHIPS PROVIDE INCREASED ACCESS BY PROVIDING SCHOLARSHIP SUPPORT FOR FIRST GENERATION STUDENTS AND STUDENTS WITH FAMILY INCOMES TYPICALLY BELOW $90,000. THE ODYSSEY SCHOLARSHIP ALSO PROVIDES FUNDS FOR OTHER EDUCATIONAL OPPORTUNITIES LIKE STUDY ABROAD AND PROVIDING A PAID INTERNSHIP AFTER THE STUDENT'S FIRST YEAR IN THE COLLEGE. IN OCTOBER 2014, THE UNIVERSITY LAUNCHED THE NO BARRIERS PROGRAM TO ELIMINATE THE STUDENT LOAN REQUIREMENT FROM ALL UNDERGRADUATE, NEED-BASED FINANCIAL AID PACKAGES. THE LOANS WERE REPLACED BY THE UNIVERSITY WITH DIRECT GRANTS. BEGINNING WITH THE INCOMING CLASS OF 2019, THE UNIVERSITY'S EMPOWER INITIATIVE WILL PROVIDE A GRANT/SCHOLARSHIP AWARD GUARANTEED TO COVER FULL-TUITION FOR FAMILIES EARNING LESS THAN $125,000 AND FULL-TUITION, FEES AND ROOM AND BOARD FOR FAMILIES EARNING LESS THAN $60,000. IN 2019, THE UNIVERSITY ANNOUNCED A NEW FUNDING MODEL FOR DOCTORAL STUDENTS. ALL STUDENTS ARE GUARANTEED FULL TUITION SUPPORT, PAID HEALTH INSURANCE AND AN ANNUAL STIPEND OF AT LEAST $31,000, BEGINNING WITH STUDENTS ENROLLING IN 2020-2021.


THE OTHER PROGRAM SERVICES THAT SUPPORT THE MISSION OF INSTRUCTION AND RESEARCH ARE: AUXILIARY ENTERPRISES LIBRARY OTHER STUDENT SERVICES INFORMATION SERVICES OPERATION AND MAINTENANCE OF PLANT


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Turner Construction Co
Construction & Related Services
$40,947,828
Bulley & Andrews Llc
Construction & Related Services
$17,036,368
American Building Maintainance
Faculty Maintenance
$13,475,840
Mortenson Construction
Construction & Related Services
$7,725,380
Bon Apetit Management Co
Food Services
$22,879,168
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$2,074,655
Related organizations$71,750,000
Government grants $1,175,452,377
All other contributions, gifts, grants, and similar amounts not included above$478,648,559
Noncash contributions included in lines 1a–1f $50,069,433
Total Revenue from Contributions, Gifts, Grants & Similar$1,727,925,591
Total Program Service Revenue$1,660,417,298
Investment income $76,986,207
Tax Exempt Bond Proceeds $72,374
Royalties $13,282,641
Net Rental Income $0
Net Gain/Loss on Asset Sales $172,745,238
Net Income from Fundraising Events -$484,031
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $36,408,650
Miscellaneous Revenue$0
Total Revenue $3,705,144,407

Grants Awarded

Over the last fiscal year, University Of Chicago has awarded $47,817,966 in support to 171 organizations.

Grant RecipientAmount

UNIVERSITY OF PITTSBURGH

Org PageRecipient Profile

Pittsburgh, PA

PURPOSE: Subaward

$4,584,469

AMERICAN COLLEGE OF RADIOLOGY

Org PageRecipient Profile

Reston, VA

PURPOSE: Subaward

$3,045,700

HEALTH RESEARCH INC- ROSWELL PARK CANCER INSTITUTE

Org PageRecipient Profile

Menands, NY

PURPOSE: Subaward

$2,877,258

NORTHWESTERN UNIVERSITY

Org PageRecipient Profile

Evanston, IL

PURPOSE: Subaward

$2,389,151

UNIVERSITY OF ILLINOIS-CHICAGO

Org PageRecipient Profile

Urbana, IL

PURPOSE: Subaward

$2,239,229

RUSH UNIVERSITY MEDICAL CENTER

Org PageRecipient Profile

Chicago, IL

PURPOSE: Subaward

$1,607,243
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 102 grants that University Of Chicago has recieved totaling $9,635,658.

Awarding OrganizationAmount
Asness Family Foundation

Melville, NY

PURPOSE: ASNESS JUNIOR FACULTY FELLOWSHIP

$2,000,000
Matricaria Fam Foundation

Scottsdale, AZ

PURPOSE: GENERAL SUPPORT

$1,250,000
Asness Family Foundation

Melville, NY

PURPOSE: AQR CAPITAL MANAGEMENT ENDOWED PROFESSORSHIP FUND.

$1,000,000
San Simeon Fund

San Francisco, CA

PURPOSE: FIELD EXPEDITION AND LABORATORY RESEARCH

$1,000,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$373,758
Adenoid Cystic Carcinoma Researchfoundation

Needham, MA

PURPOSE: SUPPORT FOR THE STUDY OF ORGANOID DEVELOPMENT AND INTEGRATED GENOMIC CHARACTERIZATION OF ACC

$317,017
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$7,161,288,450
Earnings$216,309,392
Admin Expense$20,835,594
Net Contributions$164,534,768
Other Expense$337,614,821
Grants$67,411,795
Ending Balance$7,116,270,400

Peer Organizations

Organization NameAssets
Loyola University Of Chicago
Chicago, IL
$863,455,479
Depaul University
Chicago, IL
$903,291,560
Marquette University
Milwaukee, WI
$679,500,550
Illinois Institute Of Technology
Chicago, IL
$410,466,852
Butler University
Indianapolis, IN
$304,986,997
Bradley University
Peoria, IL
$238,646,085
Drake University
Des Moines, IA
$222,285,025
The Lutheran University Association Inc
Valparaiso, IN
$192,641,554
University Of Indianapolis
Indianapolis, IN
$187,846,389
Webster University
St Louis, MO
$161,315,329
Lindenwood College
St Charles, MO
$153,756,093
Maryville University Of St Louis
St Louis, MO
$159,674,655

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