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UNIVERSITY OF ROCHESTER
ROCHESTER, NY · EIN 160743209 · Form 990 · FY2024 · NTEE B430 · Education · Very Large (>$50M) · rochester.edu
revenue
$6.4B
expenses
$6.3B
net assets
$5.2B
employees
37,371
volunteers
5,233
program ratio
96%
mission · from form 990

THE PROVISION OF HIGHER EDUCATION IN THE LIBERAL ARTS AND SCIENCES, MEDICINE AND DENTISTRY, NURSING AND MUSIC; RESEARCH; AND CHARITABLE PATIENT CARE SERVICES.

profile · synthesized from sources

The University of Rochester is a private research university in New York that provides higher education across the liberal arts, sciences, medicine, dentistry, nursing, and music. It conducts extensive research through grants and contracts, primarily with U.S. government agencies, and delivers charitable patient care services through its affiliated hospitals and clinics. The institution serves students, patients, and the broader academic community in the Rochester area and beyond.

irs program accomplishments · form 990 part iii · fy2024

What they reported doing

  1. #1 primary $417.21M
    SEE SCHEDULE O
  2. #2 $4.35B
    SEE SCHEDULE O
named programs · 3 · from sources

What they call their work

Flexible Undergraduate Curriculum
Offers a unique academic model with only one required course (Mastery of Written Communication) and allows students to design individualized learning paths through majors, minors, and clusters
Health Care Services
Provides clinical care through Strong Memorial Hospital, Strong Home Care Group, and affiliated health systems in the Greater Rochester and Finger Lakes region
Research Activities
Conducts interdisciplinary research through 60+ centers and institutes, including the Laboratory for Laser Energetics, the Institute of Optics, and the Del Monte Institute for Neuroscience, supported by federal grants and contracts
activities · 12 groups

What they do

  • Cancer Research Funding 1 activity
    • Accelerates research outcomes through funding and resources
      Provides funding, education, and resources to support collaborative research and accelerate scientific discovery.
  • Multi-Institution Scholarship Funding 1 activity
    • Awards institutional financial aid and scholarships
      Provides an average of $54,239 in financial aid per student and awarded $320 million in institutional grants and scholarships. Funds scholarships for future doctors through the Wilson Society.
  • Biomedical Research and Innovation 1 activity
    • Conducts high-impact scientific and medical research
      Conducts interdisciplinary research to develop life-saving therapies, advance understanding of diseases such as cancer, Alzheimer's, Parkinson’s, and autism, and improve human health globally. Operates over 130 research centers and institutes, including the Del Monte Institute for Neuroscience and the Laboratory for Laser Energetics, with more than 3,000 researchers engaged in discovery.
  • School and School-Community Events 1 activity
    • Hosts community and family engagement programs
      Hosts Parent and Family Orientation, Commencement Weekend, and Meliora Weekend reunion events for alumni, students, and families. Produces the monthly e-newsletter Rochester Family to engage parents and families.
  • Regional Economic Development Initiatives 1 activity
    • Leads regional technology and innovation cluster development
      Leads the NSF STELLAR Engine to build a laser technology and innovation hub in the Rochester and Finger Lakes region, supporting workforce development, manufacturing, business expansion, and education in optics and photonics.
  • Higher Education Degree Programs 1 activity
    • Offers undergraduate and graduate education with experiential learning opportunities
      Provides a flexible undergraduate curriculum with a 9:1 student-to-faculty ratio, enabling individualized educational paths. Over 95% of undergraduates participate in experiential learning, including internships, research, and study abroad programs, with 25% studying abroad. Achieved 72% four-year and 85% six-year graduation rates for the class of 2024.
  • Curated Art Exhibitions and Public Displays 1 activity
    • Operates cultural and public engagement institutions
      Operates the Memorial Art Gallery, which houses over 10,000 works and attracts nearly 300,000 visitors annually, contributing to public access to art and culture.
  • Admissions and Enrollment Support Services 1 activity
    • Provides campus visit and recruitment experiences
      Offers student-led campus tours, information sessions, and video tours to showcase student life and support prospective student recruitment.
  • Outpatient and Emergency Care Services 1 activity
    • Provides comprehensive healthcare services through academic medical centers
      Operates Wilmot Cancer Institute, Strong Memorial Hospital, Golisano Children’s Hospital, and regional affiliate clinics, delivering advanced patient care. In fiscal year 2023–2024, recorded 337,418 inpatient days and 110,627 emergency department visits.
  • Student Club and Organization Support 1 activity
    • Supports student success and campus life
      Provides support services for academic and personal success, hosts over 275 student clubs and organizations, operates 23 NCAA Division III varsity sports teams, and hosts over 900 annual arts and music performances. Sources over 60% of campus food from within New York State to support local economies.
  • Medical Professional Education & Training 1 activity
    • Trains healthcare professionals through academic programs
      Offers academic programs across three schools to train healthcare professionals in holistic care, integrating medicine, engineering, and pedagogy.
  • Uncategorized 1 activity
    • Delivers specialized training and clinical skill development programs
      Offers the Art of Observation program to train medical students and clinicians in clinical observation skills. Developed SOPHIE, a virtual patient system, to train physicians in communication skills. Provides hands-on engineering experience through student-led design, building, and racing of off-road vehicles, including collaborative projects like designing a custom neck brace for a student.
financials · form 990 · fy2024
revenue
Total revenue$6.42B
Contributions & grants$541.02M8%
Program service revenue$5.67B88%
Investment income$194.63M3%
Other revenue$10.15M
expenses
Total expenses$6.35B
Program expenses96%
Admin / overhead3%
Fundraising1%
Salaries & benefits$3.99B
Grants paid out$294.76M
Largest expense lineCompensation
balance sheet
Total assets$9.07B
Cash$197.23M
Investments$5.50B
Liabilities$3.89B
Net assets$5.18B
Liquid reserves10.8 mo
6 years on record · 2019–2024 · YoY revenue +8.6%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 25
NameTitleHours/wkCompensation
GEORGE M ALFIERIS MD PROFESSOR - CARDIAC SURGERY M&D 85 $3.22M
TARUN BHALLA MD PROFESSOR - NEUROSURGERY 85 $2.54M
DAVID LINEHAN MD SVP, DEAN SMD, CEO URMC 80 $2.49M
MATTHEW T BENDER MD PROFESSOR - NEUROSURGERY 80 $2.16M
MICHAEL D MALONEY MD PROFESSOR - ORTHOPAEDICS M&D 86 $2.12M
ILYA VOLOSHIN MD PROFESSOR - ORTHOPAEDICS M&D 60 $1.93M
SARAH C MANGELSDORF TRUSTEE, PRES & CEO 80 $1.80M
STEVEN I GOLDSTEIN PRES SYSTEM INTEG, URMC 55 $1.59M
KATHLEEN PARRINELLO PRES/CEO SMH & HH,SRVP URMC 65 $1.46M
MICHAEL F ROTONDO MD CEO URMFG, SR VP URMC 55 $1.44M
DOUGLAS W PHILLIPS SRVP & CHIEF INVESTMENT OFFICER 62 $1.10M
ADAM P ANOLIK CFO URMC 55 $1.03M
MICHAEL J APOSTOLAKOS MD CMO, SMH & HH, VP URMC 55 $849K
THOMAS J FARRELL SRVP & CHIEF ADVANCEMENT OFFICER 55 $835K
DAVID FIGLIO PROVOST (THRU 8/24) 55 $820K
ELIZABETH A MILAVEC EVP ADM & FIN, CFO, TREASURER 65 $818K
MARK B TAUBMAN MD FMR SRVP HEALTH, CEO URMC, DEAN SMD 55 $787K
DONNA GOODEN PAYNE VP AND GENERAL COUNSEL 60 $772K
CARRIE P FULLER-SPENCER CFO SMH, HH, LTC & ASSOC VP URMC 55 $724K
STEPHEN DEWHURST VP FOR RESEARCH 55 $676K
NICOLE SAMPSON PROVOST&CHIEF ACADEMIC OFF (EFF 8/24) 55 $663K
PETER G ROBINSON VP GOV'T & COMM REL (THRU 3/25) 55 $650K
SHAUN NELMS VP FOR COMM PARTNERSHIPS & SP ADVISOR 55 $605K
KATHLEEN GALLUCCI VP & CHIEF HR OFFICER 55 $560K
JULIE MYERS VP FOR IT AND CIO 55 $525K
relationships · 23

Who they work with

  • Association of American Universities Government — Tier 1 research university designation holder
  • Eastman School of Music Network — Constituent school offering music performance, scholarship, and education within the University of Rochester.
  • Eastman School of Music Partner — Collaborates with the Hajim School of Engineering & Applied Sciences in the Department of Sound Arts and Engineering.
  • Eastman School of Music Partner — Downtown campus of the University of Rochester focused on music education and performance.
  • Facebook Partner — Uses Facebook as a social media channel to share news and campus life with families.
  • Golisano Children’s Hospital Partner — Part of University of Rochester Medicine, providing pediatric care and affiliated with academic training and research.
  • Gwen M. Greene Center for Career Education & Connections Partner — Provides career education, internship preparation, and job placement support for University of Rochester students.
  • Hajim School of Engineering & Applied Sciences Partner — Collaborates with the Eastman School of Music in the Department of Sound Arts and Engineering.
  • Instagram Partner — Uses Instagram to connect families with updates on campus life and events.
  • Laboratory for Laser Energetics Government — Hosts the largest university-based US Department of Energy program in the nation, focused on nuclear fusion research.
  • LinkedIn Partner — Uses LinkedIn to share news and engage families and alumni.
  • Memorial Art Gallery Partner — Operated by the University of Rochester, serving as a cultural hub with a permanent collection of over 10,000 works.
  • National Science Foundation Government — Federal funding and program partner for the NSF STELLAR Engine
  • Office of Human Resources Partner — Collaborates with other campus units to deliver employee training and development programs.
  • R1 Research Institution Network — Designated as an R1 Research Institution, indicating highest level of research activity.
  • School of Nursing Network — Constituent school preparing nursing professionals, educators, and researchers as part of the University of Rochester.
  • Simon Business School Network — Constituent business school offering STEM-designated MBA and MS programs within the University of Rochester.
  • Strong Memorial Hospital Partner — Part of University of Rochester Medicine, serving as a primary teaching hospital and regional care center.
  • United States Government Government — Primary sponsor of research activities through grants and contracts with federal departments and agencies.
  • Warner School of Education & Human Development Network — Constituent school focused on education and human development research and practice within the University of Rochester.
  • Wegmans Partner — Partners with Wegmans to enhance campus dining services and support student wellness.
  • Wilmot Cancer Institute Partner — Part of University of Rochester Medicine, providing specialized cancer care and research.
  • Wilson Society Partner — Collaborates with alumni to support medical education and scholarships.
strategies · 4

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Art-Based Methods in Clinical Training
    methodology: art-based-clinical-training
    By using visual art analysis and simulation of difficult clinical conversations, the university enhances clinical observation and communication skills in medical trainees because experiential, non-traditional methods develop nuanced perception and empathy more effectively than conventional instruction alone.
  • Integrated Academic Health System for Clinical Translation
    methodology: integrated_academic_health_system
    By operating a fully integrated academic health system, the university accelerates the translation of scientific breakthroughs into improved patient care because tight linkages between research, education, and clinical practice enable rapid, evidence-based innovation in healthcare delivery.
  • Learner-Driven, Flexible Curriculum Model
    methodology: open_curriculum
    By offering a flexible, minimally prescriptive curriculum that allows students to design their own academic paths, the university transforms education into real-world action because autonomy and curiosity drive deeper engagement and interdisciplinary exploration.
  • Transdisciplinary Collaboration for Innovation
    methodology: transdisciplinary_research
    By integrating expertise across diverse fields—including science, engineering, medicine, arts, and humanities—the university generates novel solutions to complex societal and individual challenges, because cross-disciplinary interaction fosters unexpected insights and accelerates innovation.