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.
Form
990
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
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Name Not Listed Trustee | Trustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Mortenson Construction Construction & Related Services | 6/29/20 | $7,725,380 |
Turner Construction Co Construction & Related Services | 6/29/20 | $40,947,828 |
Bulley & Andrews Llc Construction & Related Services | 6/29/20 | $17,036,368 |
American Building Maintainance Faculty Maintenance | 6/29/20 | $13,475,840 |
Bon Apetit Management Co Food Services | 6/29/20 | $22,879,168 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $47,855,579 |
Grants and other assistance to domestic individuals. | $506,508,918 |
Grants and other assistance to Foreign Orgs/Individuals | $17,847,981 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $17,997,628 |
Compensation of current officers, directors, key employees. | $17,221,465 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,746,738,510 |
Pension plan accruals and contributions | $118,357,721 |
Other employee benefits | $212,404,430 |
Payroll taxes | $103,511,990 |
Fees for services: Management | $39,238,262 |
Fees for services: Legal | $14,961,007 |
Fees for services: Accounting | $2,870,692 |
Fees for services: Lobbying | $62,723 |
Fees for services: Fundraising | $567,898 |
Fees for services: Investment Management | $9,051,900 |
Fees for services: Other | $158,278,421 |
Advertising and promotion | $8,875,242 |
Office expenses | $196,822,871 |
Information technology | $57,413,440 |
Royalties | $6,180,428 |
Occupancy | $96,449,355 |
Travel | $46,997,064 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $36,899,227 |
Interest | $156,825,378 |
Payments to affiliates | $7,797,915 |
Depreciation, depletion, and amortization | $210,647,576 |
Insurance | $12,290,376 |
All other expenses | $19,099,821 |
Total functional expenses | $4,101,909,518 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $184,625,018 |
Savings and temporary cash investments | $341,824,092 |
Pledges and grants receivable | $1,370,257,985 |
Accounts receivable, net | $79,226,094 |
Loans from Officers, Directors, or Controlling Persons | $1,280,000 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $63,718,722 |
Inventories for sale or use | $2,247,436 |
Prepaid expenses and deferred charges | $82,591,352 |
Net Land, buildings, and equipment | $3,256,563,734 |
Investments—publicly traded securities | $2,945,463,673 |
Investments—other securities | $4,374,527,794 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $237,958,183 |
Total assets | $12,940,284,083 |
Accounts payable and accrued expenses | $867,152,733 |
Grants payable | $0 |
Deferred revenue | $243,835,147 |
Tax-exempt bond liabilities | $2,110,061,440 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $43,967,806 |
Unsecured mortgages and notes payable | $2,074,682,820 |
Other liabilities | $376,613,179 |
Total liabilities | $5,716,313,125 |
Net assets without donor restrictions | $580,286,468 |
Net assets with donor restrictions | $6,643,684,490 |
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 | $12,940,284,083 |
Over the last fiscal year, University Of Chicago has awarded $47,817,966 in support to 171 organizations.
Grant Recipient | Amount |
---|---|
Pittsburgh, PA PURPOSE: Subaward | $4,584,469 |
Reston, VA PURPOSE: Subaward | $3,045,700 |
Menands, NY PURPOSE: Subaward | $2,877,258 |
Evanston, IL PURPOSE: Subaward | $2,389,151 |
Urbana, IL PURPOSE: Subaward | $2,239,229 |
Chicago, IL PURPOSE: Subaward | $1,607,243 |
Over the last fiscal year, we have identified 102 grants that University Of Chicago has recieved totaling $9,635,658.
Awarding Organization | Amount |
---|---|
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 |
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 |
Organization Name | Assets | Revenue |
---|---|---|
Loyola University Of Chicago Chicago, IL | $2,261,152,459 | $863,455,479 |
Depaul University Chicago, IL | $1,757,707,866 | $903,291,560 |
Marquette University Milwaukee, WI | $1,675,810,000 | $679,500,550 |
Illinois Institute Of Technology Chicago, IL | $667,676,047 | $410,466,852 |
Butler University Indianapolis, IN | $771,058,130 | $304,986,997 |
Bradley University Peoria, IL | $712,945,458 | $238,646,085 |
Drake University Des Moines, IA | $506,477,281 | $222,285,025 |
The Lutheran University Association Inc Valparaiso, IN | $578,078,702 | $192,641,554 |
University Of Indianapolis Indianapolis, IN | $265,228,375 | $187,846,389 |
Webster University St Louis, MO | $393,134,797 | $161,315,329 |
Lindenwood College St Charles, MO | $442,236,277 | $153,756,093 |
Maryville University Of St Louis St Louis, MO | $276,968,423 | $159,674,655 |