ROSALIND FRANKLIN UNIVERSITY OF MEDICINE & SCIENCE: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
ROSALIND FRANKLIN UNIVERSITY OF MEDICINE & SCIENCE (EIN 36-2181973)
Tax period
2024-07-01 to 2025-06-30
Filed
2026-05-14
IRS object ID
202631349349301938
Schema version
2024v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2026-05-14T08:19:16+00:00ReturnTs
Tax Period End2025-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN350921680PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CROWE LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1225 West Wacker Drive Suite 2600AddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP606061224ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN362181973EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Rosalind Franklin University of Medicine and ScienceBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlROSABusinessNameControlTxt
Phone8475783000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13333 Green Bay RoadAddressLine1Txt
CityNorth ChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP600643095ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGAVIN FARRYPersonNm
Person TitleCHIEF FINANCIAL OFFICERPersonTitleTxt
Phone8475783000PhoneNum
Signature2026-05-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMallory FairlessPreparerPersonNm
PTINP01321579PTIN
Phone3128997000PhoneNum
Preparation2026-05-14PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

Principal Ofcr Business Name PrincipalOfcrBusinessName

FieldValueIRS element (for citing)
Business Name Line1Aron SousaBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line13333 Green Bay RoadAddressLine1Txt
CityNorth ChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP600643095ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$253,048,815GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.rosalindfranklin.eduWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1912FormationYr
Legal Domicile StateILLegalDomicileStateCd
Activity Or MissionTo improve the wellness of all people through innovative, interprofessional education of health and biomedical professionals and the discovery and implementation of knowledge.ActivityOrMissionDesc
Voting Members Governing Body16VotingMembersGoverningBodyCnt
Voting Members Independent14VotingMembersIndependentCnt
Total Employee1705TotalEmployeeCnt
Total Volunteers14TotalVolunteersCnt
Total Gross UBI-$15,720TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$14,915,728PYContributionsGrantsAmt
CY Contributions Grants$18,642,278CYContributionsGrantsAmt
PY Program Service Revenue$116,622,657PYProgramServiceRevenueAmt
CY Program Service Revenue$125,082,653CYProgramServiceRevenueAmt
PY Investment Income$4,626,756PYInvestmentIncomeAmt
CY Investment Income$8,238,360CYInvestmentIncomeAmt
PY Other Revenue$1,754,443PYOtherRevenueAmt
CY Other Revenue$1,698,443CYOtherRevenueAmt
PY Total Revenue$137,919,584PYTotalRevenueAmt
CY Total Revenue$153,661,734CYTotalRevenueAmt
PY Grants And Similar Paid$7,490,845PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$8,091,216CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$93,005,330PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$91,924,820CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$3,169,193CYTotalFundraisingExpenseAmt
PY Other Expenses$47,057,687PYOtherExpensesAmt
CY Other Expenses$49,536,056CYOtherExpensesAmt
PY Total Expenses$147,553,862PYTotalExpensesAmt
CY Total Expenses$149,552,092CYTotalExpensesAmt
PY Revenues Less Expenses-$9,634,278PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$4,109,642CYRevenuesLessExpensesAmt
Total Assets BOY$308,777,224TotalAssetsBOYAmt
Total Assets EOY$337,109,180TotalAssetsEOYAmt
Total Liabilities BOY$156,279,887TotalLiabilitiesBOYAmt
Total Liabilities EOY$179,660,305TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$152,497,337NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$157,448,875NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionRosalind Franklin University of Medicine and Science is committed to serving the population through the interprofessional education of health and biomedical professionals and the discovery of knowledge dedicated to improving wellness. The University embodies the spirit of inquiry and excellence modeled by its namesake Dr. Rosalind Franklin, whose "Photo 51" was crucial to solving the structure of DNA. Recognized for its research in areas including neuroscience, brain-related diseases, inherited disorders, diabetes, obesity, and gait and balance, RFU encompasses the Chicago Medical School, College of Health Professions, College of Nursing, College of Pharmacy, School of Graduate and Postdoctoral Studies, and the Dr. William M. Scholl College of Podiatric Medicine.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$79,819,149ExpenseAmt
Grant$8,091,216GrantAmt
Revenue$112,221,679RevenueAmt
DescINSTRUCTION - THE PRIMARY PURPOSE OF THE UNIVERSITY IS TO EDUCATE AND TRAIN MEDICAL AND OTHER HEALTHCARE PROFESSION STUDENTS. IN THE 2024-2025 ACADEMIC YEAR, RFUMS TRAINED OVER 2,000 STUDENTS.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$25,823,610ExpenseAmt
DescRESEARCH - Research is at the core of the university's mission of scientific discovery and implementation of knowledge. In addition to the education of future clinicians and scientists, many university faculty members engage in extramurally funded and internally funded research projects. There are multiple areas of research excellence which reflect the various disciplines of each college. These include: neurosciences, cancer, inflammation and immunology, cardiology, diabetes, biomechanics, healthcare delivery, and psychology with a focus on genetic and chronic disease. Extramural funding comes from the National Institutes of Health, the National Science Foundation, Department of War, and various private foundations such as the Alzheimer's association, Schweppe Foundation and organizations such as the Lake County Health Department.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$6,740,768ExpenseAmt
Revenue$8,041,826RevenueAmt
DescPATIENT CARE - THE UNIVERSITY UTILIZES EXISTING LABORATORY FACILITIES AND PERSONNEL TO PROVIDE GENERAL AND SPECIALIZED LAB TESTING FOR REPRODUCTIVE AND CLINICAL IMMUNOLOGY. THE UNIVERSITY PERFORMS LABORATORY RESEARCH AND TESTING IN CONJUNCTION WITH THE EDUCATION OF MEDICAL STUDENTS, RESIDENTS, OR FELLOWS.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$7,019,418ExpenseAmt
Revenue$6,065,026RevenueAmt
DescOTHER PROGRAM SERVICE REVENUES AND EXPENSES INCLUDE INTEREST ON STUDENT LOANS AND PENALTIES, STUDENT HOUSING REVENUE AND OTHER PROGRAM SERVICES.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$7,019,418TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Revenue$6,065,026TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$119,402,945TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesYes (true)LobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (true)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsYes (true)ReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesYes (true)ForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsYes (true)TaxExemptBondsInd
Invest Tax Exempt BondsfalseInvestTaxExemptBondsInd
Escrow AccountfalseEscrowAccountInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemYes (true)BusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityYes (true)DisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntYes (true)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (true)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document2605IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee1705EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsYes (true)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (true)QuidProQuoContriDisclInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtYes (true)SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members16GoverningBodyVotingMembersCnt
Independent Voting Member14IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Policies Reference ChaptersfalsePoliciesReferenceChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Written Policy Or ProcedurefalseWrittenPolicyOrProcedureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldCOStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GAVIN FARRYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8475783000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13333 GREEN BAY ROADAddressLine1Txt
CityNorth ChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP600643095ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (28 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
Dr Karen Miller
Chair/Trustee2.00.0Yes (X)Yes (X)$0$0$0
Dr Kimberley Darey
Vice Chair/Trustee2.02.0Yes (X)Yes (X)$0$0$0
Dr Lee Sacks
Secretary/Trustee2.00.0Yes (X)Yes (X)$0$0$0
Dr Wendy Rheault
President & CEO38.02.0Yes (X)Yes (X)$1,040,767$0$55,011
Martin Manning
Treasurer/Trustee2.02.0Yes (X)Yes (X)$0$0$0
Dr David Kalsbeek
Trustee1.00.0Yes (X)$0$0$0
Dr Don Coulter
Trustee1.00.0Yes (X)$0$0$0
Dr John Grady
Trustee1.02.0Yes (X)$0$0$0
Dr Matthew Primack
Trustee1.02.0Yes (X)$0$0$0
Dr Neil Bradbury
Trustee /Faculty1.00.0Yes (X)$183,978$0$62,388
Dr Seema Bhatia
Trustee1.02.0Yes (X)$0$0$0
Dr Steven Klasko
Trustee1.00.0Yes (X)$0$0$0
Ernest Vasseur
Trustee1.02.0Yes (X)$0$0$0
John Orsini
Trustee1.00.0Yes (X)$0$0$0
Maria Clarke
Trustee1.00.0Yes (X)$0$0$0
Meghan Woltman
Trustee1.02.0Yes (X)$0$0$0
Bruce Jefferson
Asst Secretary/General Counsel40.00.0Yes (X)$220,159$0$50,403
Gavin Farry
EVP of Finance & Admin, CFO38.02.0Yes (X)$403,433$0$56,379
Dr Archana Chatterjee
Dean & Sr. VP of Medical Affairs40.00.0$640,028$0$63,727Yes (X)
Dr Joseph DiMario
Dean SGPS & Interim VP for Research40.00.0$230,371$0$56,637Yes (X)
Dr Nancy Parsley
Provost (through June 2025)40.00.0$455,318$0$41,151Yes (X)
Dr Ronald Kaplan
EVP Resrch. & Vice Dean Resrch. (Through Sept 2024)40.00.0$363,694$0$60,244Yes (X)
Lee Concha
EVP Univ. Strategies & Chief of Staff40.00.0$364,354$0$47,015Yes (X)
Dr Brenda Affinati
Assoc Dean, CMS Clinical Affairs40.00.0$309,828$0$74,618Yes (X)
Dr Frank Maldonado
Executive Chair, Clinical Sciences40.00.0$420,972$0$36,482Yes (X)
Dr Jeanette Morrison
Vice Dean, MedEd & Exec Vice Dean, CMS40.00.0$380,589$0$72,044Yes (X)
Dr Nutan Atre-Vaidya
Vice Dean, Discipline Chair40.00.0$329,485$0$64,472Yes (X)
Dr Stephanie Wu
Dean40.00.0$364,698$0$75,870Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$5,707,674TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$816,441TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K249IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
Woodlands on Green Bay Apartments
3500 Green Bay RoadNorth ChicagoIL60064Student Housing Services$1,469,203
Harvard Maintenance Inc
PO Box 748458AtlantaGA30374Janitorial Services$1,341,741
Efficiency Media
3616 Winnetka RdGlenviewIL60026Media$494,848
DeFranco Plumbing
20330 N Rand RoadPalatineIL60074Plumbing$314,242
Balanced Environments Inc
17950 West Route 173Old Mill CreekIL60083Landscaping$286,908
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K19CntrctRcvdGreaterThan100KCnt
Fundraising$41,034FundraisingAmt
Government Grants$12,897,976GovernmentGrantsAmt
All Other Contributions$5,703,268AllOtherContributionsAmt
Noncash Contributions$242,856NoncashContributionsAmt
Total Contributions$18,642,278TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
TUITION & FEES611310$112,221,679$112,221,679
PATIENT CARE621400$8,041,826$8,041,826
STUDENT HOUSING REVENUE611310$4,595,389$4,595,389
INCOME FROM STUDENT LOAN INTEREST611310$56,284$56,284
COMPOUND TESTING LAB621500$167,475$167,475

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$125,082,653TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,158,186TotalRevenueColumnAmt
Unrelated Business Revenue-$15,720UnrelatedBusinessRevenueAmt
Exclusion$2,173,906ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$470,331RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$470,331RealAmt
Personal$0PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$470,331TotalRevenueColumnAmt
Exclusion$470,331ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$105,440,464SecuritiesAmt
Other$0OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$99,360,290SecuritiesAmt
Other$0OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$6,080,174SecuritiesAmt
Other$0OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,080,174TotalRevenueColumnAmt
Exclusion$6,080,174ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$9,025FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$41,034ContriRptFundraisingEventAmt
Fundraising Direct Expenses$26,791FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$17,766TotalRevenueColumnAmt
Exclusion-$17,766ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
STUDENT ORGANIZATION900099$207,364$207,364
BOOK STORE SALES900099$187,911$187,911
TRANSCRIPT AND REGISTRATION FEES900099$76,798$76,798

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$773,805TotalRevenueColumnAmt
Related Or Exempt Func Income$773,805RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$1,245,878OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$153,661,734TotalRevenueColumnAmt
Related Or Exempt Func Income$126,328,531RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue-$15,720UnrelatedBusinessRevenueAmt
Exclusion$8,706,645ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$8,091,216TotalAmt
Program Services$8,091,216ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$4,395,057TotalAmt
Program Services$2,120,688ProgramServicesAmt
Management And General$2,102,376ManagementAndGeneralAmt
Fundraising$171,993FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$50,629TotalAmt
Program Services$50,629ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$69,753,164TotalAmt
Program Services$56,446,362ProgramServicesAmt
Management And General$11,745,378ManagementAndGeneralAmt
Fundraising$1,561,424FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$4,629,008TotalAmt
Program Services$3,745,933ProgramServicesAmt
Management And General$779,455ManagementAndGeneralAmt
Fundraising$103,620FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$7,433,629TotalAmt
Program Services$6,015,516ProgramServicesAmt
Management And General$1,251,711ManagementAndGeneralAmt
Fundraising$166,402FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$5,663,333TotalAmt
Program Services$4,582,939ProgramServicesAmt
Management And General$953,620ManagementAndGeneralAmt
Fundraising$126,774FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$606,940TotalAmt
Management And General$606,940ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$215,827TotalAmt
Management And General$215,827ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$81,079TotalAmt
Management And General$81,079ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$132,796TotalAmt
Management And General$132,796ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$8,849,427TotalAmt
Program Services$7,492,558ProgramServicesAmt
Management And General$1,133,741ManagementAndGeneralAmt
Fundraising$223,128FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$640,928TotalAmt
Program Services$192,278ProgramServicesAmt
Management And General$448,650ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$6,360,840TotalAmt
Program Services$5,471,047ProgramServicesAmt
Management And General$819,165ManagementAndGeneralAmt
Fundraising$70,628FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$3,434,833TotalAmt
Program Services$909,157ProgramServicesAmt
Management And General$2,523,466ManagementAndGeneralAmt
Fundraising$2,210FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$6,947,631TotalAmt
Program Services$6,562,827ProgramServicesAmt
Management And General$152,976ManagementAndGeneralAmt
Fundraising$231,828FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$887,958TotalAmt
Program Services$735,108ProgramServicesAmt
Management And General$92,972ManagementAndGeneralAmt
Fundraising$59,878FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$333,842TotalAmt
Program Services$294,417ProgramServicesAmt
Management And General$28,661ManagementAndGeneralAmt
Fundraising$10,764FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$5,654,788TotalAmt
Program Services$4,576,025ProgramServicesAmt
Management And General$952,181ManagementAndGeneralAmt
Fundraising$126,582FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$8,430,104TotalAmt
Program Services$6,821,894ProgramServicesAmt
Management And General$1,419,502ManagementAndGeneralAmt
Fundraising$188,708FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,101,741TotalAmt
Program Services$891,562ProgramServicesAmt
Management And General$185,517ManagementAndGeneralAmt
Fundraising$24,662FundraisingAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
Membership Dues$565,319$504,441$57,241$3,637
Repair & Maintenance of Equipment$444,247$359,485$84,762

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$4,847,756TotalAmt
Program Services$3,538,863ProgramServicesAmt
Management And General$1,211,938ManagementAndGeneralAmt
Fundraising$96,955FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$149,552,092TotalAmt
Program Services$119,402,945ProgramServicesAmt
Management And General$26,979,954ManagementAndGeneralAmt
Fundraising$3,169,193FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$5,892,513BOYAmt
EOY$6,965,657EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$26,944BOYAmt
EOY$1,028,507EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,709,375BOYAmt
EOY$1,588,058EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$10,141,235BOYAmt
EOY$9,111,619EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$84,651BOYAmt
EOY$105,055EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$5,626,613BOYAmt
EOY$6,116,525EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$298,223,756LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$153,104,984LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$146,419,140BOYAmt
EOY$145,118,772EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$82,333,665BOYAmt
EOY$90,220,627EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$9,385,694BOYAmt
EOY$4,256,612EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$46,157,394BOYAmt
EOY$72,597,748EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$308,777,224BOYAmt
EOY$337,109,180EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$22,043,643BOYAmt
EOY$21,362,247EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$12,174,199BOYAmt
EOY$14,191,390EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$55,835,000BOYAmt
EOY$54,590,000EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$51,011,764BOYAmt
EOY$50,856,877EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$15,215,281BOYAmt
EOY$38,659,791EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$156,279,887BOYAmt
EOY$179,660,305EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$130,685,091BOYAmt
EOY$134,327,555EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$21,812,246BOYAmt
EOY$23,121,320EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$152,497,337BOYAmt
EOY$157,448,875EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$308,777,224BOYAmt
EOY$337,109,180EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$4,109,642ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$1,939,511NetUnrlzdGainsLossesInvstAmt
Donated Services And Use Fclts$15,720DonatedServicesAndUseFcltsAmt
Investment Expense$0InvestmentExpenseAmt
Prior Period Adjustments$0PriorPeriodAdjustmentsAmt
Other Changes In Net Assets-$1,113,335OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$16,383,175CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$18,405,697CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$23,244,190CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$14,915,728CurrentTaxYearMinus1YearAmt
Current Tax Year$18,642,278CurrentTaxYearAmt
Total$91,591,068TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$16,383,175CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$18,405,697CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$23,244,190CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$14,915,728CurrentTaxYearMinus1YearAmt
Current Tax Year$18,642,278CurrentTaxYearAmt
Total$91,591,068TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$634,396SubstantialContributorsTotAmt
Public Support Total170$90,956,672PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$913,650CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,843,724CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,721,520CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,513,078CurrentTaxYearMinus1YearAmt
Current Tax Year$2,628,517CurrentTaxYearAmt
Total$10,620,489TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt
FieldValueIRS element (for citing)
Total Support$102,211,557TotalSupportAmt
Gross Receipts Rltd Activities$475,239,764GrossReceiptsRltdActivitiesAmt
Public Support CY1700.88989PublicSupportCY170Pct
Public Support PY1700.87361PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
VolunteersfalseVolunteersInd
Paid Staff Or ManagementfalsePaidStaffOrManagementInd
Media AdvertisementsfalseMediaAdvertisementsInd
Mailings MembersfalseMailingsMembersInd
Publications Or BroadcastfalsePublicationsOrBroadcastInd
Grants Other OrganizationsfalseGrantsOtherOrganizationsInd
Direct Contact LegislatorsYes (true)DirectContactLegislatorsInd
Direct Contact Legislators$81,079DirectContactLegislatorsAmt
Rallies DemonstrationsfalseRalliesDemonstrationsInd
Other ActivitiesfalseOtherActivitiesInd
Total Lobbying Expenditures$81,079TotalLobbyingExpendituresAmt
Not Described Section501c3falseNotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITYFormAndLineReferenceDesc
ExplanationTHE UNIVERSITY'S LOBBYING EFFORTS HELP TO BUILD RELATIONSHIPS BETWEEN THE UNIVERSITY AND STATE AND FEDERAL GOVERNMENTAL AGENCIES AND LEGISLATORS IN SUPPORT OF HIGHER EDUCATION POLICY, IN GENERAL, AS WELL AS FUNDING ISSUES WHICH SUPPORTS BOTH THE UNIVERSITY AND ITS STUDENTS. ROSALIND FRANKLIN UNIVERSITY INCURRED COSTS RELATED TO LOBBYING AT THE FEDERAL AND STATE LEVELS IN FISCAL YEAR 2025. IN ADDITION TO STATE AND LOCAL EXECUTIVE AGENCIES, THE UNIVERSITY CONTACTS LEGISLATORS AND MEMBERS OF LEGISLATIVE STAFFS. THE UNIVERSITY'S LOBBYING EXPENSES REPRESENT FEES PAID TO A GOVERNMENT RELATIONS CONSULTANT, WILLIAM FILAN, WHO IS REGISTERED AS A LOBBYIST WITH THE STATE OF ILLINOIS AND WORKS ON BEHALF OF THE UNIVERSITY WITH STATE AND LOCAL ELECTED OFFICIALS AND AGENCIES. THE CONSULTANT KEPT THE ORGANIZATION APPRISED OF LEGISLATION THAT IMPACTS HIGHER EDUCATION, HEALTHCARE AND BIOMEDICAL RESEARCH, APPRISED THE ORGANIZATION OF POTENTIAL STATE FUNDING OPPORTUNITIES, AND FACILITATED TOPICAL BRIEFINGS WITH ELECTED OFFICIALS. LASTLY, THE UNIVERSITY ENGAGED THE FOLLOWING PROFESSIONAL FIRM IN SUPPORT OF A SPECIFIC LOBBYING EFFORT TO INFORM AND REQUEST FEDERAL INVESTMENT IN THE UNIVERSITY'S CENTER FOR LOWER EXTREMITY RESEARCH (CLEAR): THE CONAFAY GROUP LOCATED IN WASHINGTON, DC.ExplanationTxt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$85,623,041BeginningYearBalanceAmt
Contributions$1,341,790ContributionsAmt
Investment Earnings Or Losses$10,045,074InvestmentEarningsOrLossesAmt
Grants Or Scholarships$550,853GrantsOrScholarshipsAmt
Other Expenditures$9,988,456OtherExpendituresAmt
Administrative Expenses$0AdministrativeExpensesAmt
End Year Balance$86,470,596EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$87,775,550BeginningYearBalanceAmt
Contributions$937,917ContributionsAmt
Investment Earnings Or Losses$9,996,798InvestmentEarningsOrLossesAmt
Grants Or Scholarships$541,435GrantsOrScholarshipsAmt
Other Expenditures$12,545,789OtherExpendituresAmt
Administrative Expenses$0AdministrativeExpensesAmt
End Year Balance$85,623,041EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$89,275,055BeginningYearBalanceAmt
Contributions$1,355,959ContributionsAmt
Investment Earnings Or Losses$8,414,265InvestmentEarningsOrLossesAmt
Grants Or Scholarships$551,472GrantsOrScholarshipsAmt
Other Expenditures$10,718,257OtherExpendituresAmt
Administrative Expenses$0AdministrativeExpensesAmt
End Year Balance$87,775,550EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$100,399,046BeginningYearBalanceAmt
Contributions$4,636,093ContributionsAmt
Investment Earnings Or Losses-$11,100,066InvestmentEarningsOrLossesAmt
Grants Or Scholarships$618,638GrantsOrScholarshipsAmt
Other Expenditures$4,041,380OtherExpendituresAmt
Administrative Expenses$0AdministrativeExpensesAmt
End Year Balance$89,275,055EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$78,895,738BeginningYearBalanceAmt
Contributions$4,663,636ContributionsAmt
Investment Earnings Or Losses$22,190,123InvestmentEarningsOrLossesAmt
Grants Or Scholarships$449,836GrantsOrScholarshipsAmt
Other Expenditures$4,900,615OtherExpendituresAmt
Administrative Expenses$0AdministrativeExpensesAmt
End Year Balance$100,399,046EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.822BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.178PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.0TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$17,824,757OtherCostOrOtherBasisAmt
Book Value$17,824,757BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$206,772,379OtherCostOrOtherBasisAmt
Depreciation$98,228,435DepreciationAmt
Book Value$108,543,944BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$70,161,255OtherCostOrOtherBasisAmt
Depreciation$54,876,549DepreciationAmt
Book Value$15,284,706BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,465,365OtherCostOrOtherBasisAmt
Depreciation$0DepreciationAmt
Book Value$3,465,365BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$145,118,772TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (3 entries)

DescDescBook ValueBookValueAmt
DUE FROM RELATED ORGANIZATION$43,504,457
RIGHT-OF-USE ASSETS$26,363,500
LOANS TO STUDENTS, NET$2,729,791
FieldValueIRS element (for citing)
Total Book Value Other Assets$72,597,748TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)

DescDescAmtAmt
Federal Income Taxes
Federal equity in student loan programs$3,251,363
Postretirement healthcare benefits$3,342,628
Lease liabilities$26,586,047
Due to related organizations$5,479,753
FieldValueIRS element (for citing)
Total Liability$38,659,791TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Other Revenue$0OtherRevenueAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$0RevenueSubtotalAmt
Other Revenues Not Included$0OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$0TotalRevenuePerForm990Amt
Other Expenses Included$0OtherExpensesIncludedAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$0ExpensesSubtotalAmt
Other Expenses Not Included$0OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$0TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule D, Part V, Line 4 Intended uses of endowment fundsThe University's endowment is comprised of both donor-restricted and board-designated funds. The Investment Committee of the Board of Trustees provides oversight over the investment of those endowment funds by establishing policies and procedures concerning the management of endowment funds. Investment is consistent with the Uniform Prudent Management of Institutional Fund Act (UPMIFA). RFUMS has adopted a Total Return Spending Policy, which allocates an amount annually to be utilized according to donor restrictions or for advancing the University's mission in unfunded areas. The majority of donor-restricted funds provide scholarships and student aid. Funds generated by board-designated funds are used to support strategic initiatives and to provide general operating support.
Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnoteThe University has received a favorable letter of determination from the Internal Revenue Service concerning its tax-exempt status under Section 501(c)(3) of the Internal Revenue Code. The University files a Form 990 annually. When these returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the tax position taken or the amount of the position that would ultimately be sustained. Examples of tax positions common to universities include such matters as the following: the tax exempt status of each entity and various positions relative to potential sources of unrelated business income tax (UBIT). UBIT is reported on Form 990-T, as appropriate. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes that it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions are not offset or aggregated with other positions. Tax positions that meet the "more likely than not" recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely to be realized on settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above would be reflected as a liability for uncertain tax benefits in the accompanying statements of financial position along with any associated interest and penalties that would be payable to the taxing authorities upon examination. As of June 30, 2025 and 2024, there were no uncertain tax positions identified. The University does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. Forms 990 and 990-T filed by the University are subject to the examination by the IRS up to three years from the extended due date of each return. Management believes the Forms 990 and 990-T have been filed appropriately. The University would recognize interest and penalties related to unrecognized tax positions in interest and income tax expense, respectively. The University has no amounts accrued for interest or penalties as of June 30, 2025 and 2024.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (true)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (true)GovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICYNotifications and announcements are made via the University website, promotional material, catalogs and handbooks.
Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTRosalind Franklin University of Medicine & Science applies for and receives research grants, as approved on a case by case basis, from various Federal agencies. The University also participates in Federal student aid programs for qualified students, specifically Perkins, Federal Direct Loan, Federal Work Study, and Health Profession Student Loans. The Federal grants and loans are reported in the University's Single Audit.

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (5 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
East Asia and the Pacific00Program ServicesResearch$2,145
Europe (Including Iceland and Greenland)00Program ServicesResearch$71,894
Middle East and North Africa00Program ServicesResearch$89,481
North America (Canada & Mexico only)00Program ServicesResearch$21,079
Central America and the Caribbean00Investments$1,707,538
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$1,892,137SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$1,892,137TotalSpentAmt
Transfer To Foreign CorpYes (true)TransferToForeignCorpInd
Interest In Foreign TrustfalseInterestInForeignTrustInd
Foreign Corp OwnershipYes (true)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (true)PassiveForeignInvestmestCoInd
Foreign PartnershipYes (true)ForeignPartnershipInd
Boycott CountriesfalseBoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule F, Part I, Line 3 Method used to account for expenditures on org's financial statementsFormAndLineReferenceDesc
ExplanationCENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-AccrualExplanationTxt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1Dance for Health EquityEvent1Nm
Gross Receipts Event1$50,059GrossReceiptsEvent1Amt
Charitable Contri Event1$41,034CharitableContriEvent1Amt
Gross Revenue Event1$9,025GrossRevenueEvent1Amt
Cash Prizes Event1$0CashPrizesEvent1Amt
Non Cash Prizes Event1$3,310NonCashPrizesEvent1Amt
Rent Facility Costs Event1$0RentFacilityCostsEvent1Amt
Food And Beverage Event1$20,055FoodAndBeverageEvent1Amt
Entertainment Event1$2,700EntertainmentEvent1Amt
Other Direct Expenses Event1$726OtherDirectExpensesEvent1Amt
Gross Revenue Event2$0GrossRevenueEvent2Amt
Gross Revenue Other Events$0GrossRevenueOtherEventsAmt
Gross Receipts Total$50,059GrossReceiptsTotalAmt
Charitable Contributions Tot$41,034CharitableContributionsTotAmt
Gross Revenue Total Events$9,025GrossRevenueTotalEventsAmt
Cash Prizes Total Events$0CashPrizesTotalEventsAmt
Non Cash Prizes Total Events$3,310NonCashPrizesTotalEventsAmt
Rent Fclty Costs Total Events$0RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$20,055FoodAndBeverageTotalEventsAmt
Entertainment Total Events$2,700EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$726OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$26,791DirectExpenseSummaryEventsAmt
Net Income Summary-$17,766NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmt
TUITION WAIVERS/SCHOLARSHIPS488$6,644,111
PRIVATE SCHOLARSHIPS278$1,447,105

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule I, Part I, Line 2 Procedures for monitoring use of grant fundsFormAndLineReferenceDesc
ExplanationProcedures for monitoring the use of grant funds include retaining awarding and selection criteria, cost of attendance budgeting and monitoring and maintenance of continuous education policies. Records of each of the above are maintained to ensure continuous oversight and adherence to policies regarding usage.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Written Policy Ref T And E ExpnssYes (true)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (true)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (14 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Dr Wendy Rheault
President & CEO$882,142$0$86,625$0$72,000$0$34,500$0$20,511$0$1,095,778$0$0$0
Dr Neil Bradbury
Trustee /Faculty$183,978$0$0$0$0$0$17,740$0$44,648$0$246,366$0$0$0
Gavin Farry
EVP of Finance & Admin, CFO$403,433$0$0$0$0$0$31,050$0$25,329$0$459,812$0$0$0
Bruce Jefferson
Asst Secretary/General Counsel$220,159$0$0$0$0$0$20,686$0$29,717$0$270,562$0$0$0
Lee Concha
EVP Univ. Strategies & Chief of Staff$364,354$0$0$0$0$0$31,050$0$15,965$0$411,369$0$0$0
Dr Nancy Parsley
Provost (through June 2025)$455,318$0$0$0$0$0$31,050$0$10,101$0$496,469$0$0$0
Dr Ronald Kaplan
EVP Resrch. & Vice Dean Resrch. (Through Sept 2024)$363,694$0$0$0$0$0$31,050$0$29,194$0$423,938$0$0$0
Dr Archana Chatterjee
Dean & Sr. VP of Medical Affairs$640,028$0$0$0$0$0$31,050$0$32,677$0$703,755$0$0$0
Dr Joseph DiMario
Dean SGPS & Interim VP for Research$230,371$0$0$0$0$0$21,676$0$34,961$0$287,008$0$0$0
Dr Jeanette Morrison
Vice Dean, MedEd & Exec Vice Dean, CMS$380,589$0$0$0$0$0$31,050$0$40,994$0$452,633$0$0$0
Dr Nutan Atre-Vaidya
Vice Dean, Discipline Chair$329,485$0$0$0$0$0$30,686$0$33,786$0$393,957$0$0$0
Dr Stephanie Wu
Dean$360,200$0$4,498$0$0$0$31,050$0$44,820$0$440,568$0$0$0
Dr Frank Maldonado
Executive Chair, Clinical Sciences$420,972$0$0$0$0$0$31,050$0$5,432$0$457,454$0$0$0
Dr Brenda Affinati
Assoc Dean, CMS Clinical Affairs$309,828$0$0$0$0$0$28,105$0$46,513$0$384,446$0$0$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule J, Part I, Line 1a Housing allowance or residence for personal useTHE PRESIDENT RECEIVED A HOUSING BY THE UNIVERSITY. IT IS TREATED AS TAXABLE COMPENSATION.
Schedule J, Part I, Line 1a Health or social club dues or initiation feesThe University provides the President a membership to the University Club of Chicago. This membership is treated as a nontaxable benefit.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd

Issuer Name IssuerName

FieldValueIRS element (for citing)
Business Name Line1Illinois Finance AuthorityBusinessNameLine1Txt
FieldValueIRS element (for citing)
Bond Issuer EIN861091967BondIssuerEIN
CUSIP45204EVQ8CUSIPNum
Bond Issued2017-08-23BondIssuedDt
Issue Price$55,075,000IssuePriceAmt
PurposeRETIRE 2003 & 2012 BONDS, CONSTRUCT EDUCATIONAL FACILITIESPurposeDesc
DefeasedfalseDefeasedInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Pool FinancingfalsePoolFinancingInd

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Retired$0RetiredAmt
Bond Defeased$0BondDefeasedAmt
Total Proceeds$55,075,000TotalProceedsAmt
In Reserve Fund$0InReserveFundAmt
Capitalized Interest$0CapitalizedInterestAmt
Refunding Escrow$0RefundingEscrowAmt
Issuance Costs From Proceeds$1,090,941IssuanceCostsFromProceedsAmt
Credit Enhancement$0CreditEnhancementAmt
Working Capital Expenditures$0WorkingCapitalExpendituresAmt
Capital Expenditures$0CapitalExpendituresAmt
Other Spent Proceeds$53,984,059OtherSpentProceedsAmt
Unspent$0UnspentAmt
Substantial Completion2017SubstantialCompletionYr
Refunding Tax Exempt BondsYes (true)RefundingTaxExemptBondsInd
Refunding Taxable BondsfalseRefundingTaxableBondsInd
Final Allocation MadeYes (true)FinalAllocationMadeInd
Adequate Books And Rec MaintYes (true)AdequateBooksAndRecMaintInd

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Owning Bond Financed PropertyfalseOwningBondFinancedPropertyInd
Any Lease ArrangementsfalseAnyLeaseArrangementsInd
Mgmt Contract Bond Fincd PropfalseMgmtContractBondFincdPropInd
Engage Bond Counsel ContractsfalseEngageBondCounselContractsInd
Any Research AgreementsfalseAnyResearchAgreementsInd
Engage Bond Counsel ResearchfalseEngageBondCounselResearchInd
Private Bus Use By Others0.0PrivateBusUseByOthersPct
Private Bus Concerning UBI0.0PrivateBusConcerningUBIPct
Total Private Business Use0.0TotalPrivateBusinessUsePct
Bond Iss Meet Prvt Sec Pymt TestfalseBondIssMeetPrvtSecPymtTestInd
Change In Use Bond Financed PropfalseChangeInUseBondFinancedPropInd
Change In Use Bond Financed Prop0ChangeInUseBondFinancedPropPct
Remedial Action TakenfalseRemedialActionTakenInd
Procs Nonqualified Bond RemdtdYes (true)ProcsNonqualifiedBondRemdtdInd

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Form8038 T FiledfalseForm8038TFiledInd
Rebate Not Due YetfalseRebateNotDueYetInd
Exception To RebatefalseExceptionToRebateInd
No Rebate DueYes (true)NoRebateDueInd
Variable Rate IssuefalseVariableRateIssueInd
Hedge Identified In Bks And RecfalseHedgeIdentifiedInBksAndRecInd
Term Of Hedge0.0TermOfHedgePct
Superintegrated HedgefalseSuperintegratedHedgeInd
Hedge TerminatedfalseHedgeTerminatedInd
Gross Proceeds Invested In GICfalseGrossProceedsInvestedInGICInd
Term Of GIC0TermOfGICPct
Regulatory Safe Harbor StsfdfalseRegulatorySafeHarborStsfdInd
Gross Proceeds InvestedfalseGrossProceedsInvestedInd
Written Proc To Monitor ReqsYes (true)WrittenProcToMonitorReqsInd

Procedures Corrective Action ProceduresCorrectiveActionGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Procedures Corrective ActionYes (true)ProceduresCorrectiveActionInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule K, Part IV, Line 2c COLUMN AFormAndLineReferenceDesc
ExplanationIssuer name: Illinois Finance Authority The calculation for computing no rebate due was performed on 08/23/2022ExplanationTxt

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JUNE MAYORBusinessNameLine1Txt
FieldValueIRS element (for citing)
Relationship DescriptionWIFE OF KEY EMPLOYEERelationshipDescriptionTxt
Transaction$50,629TransactionAmt
TransactionEMPLOYEE OF THE UNIVERSITYTransactionDesc
Sharing Of RevenuesfalseSharingOfRevenuesInd

Schedule M IRS990ScheduleM

Books And Publications BooksAndPublicationsGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Noncash Contributions Rpt F990$160NoncashContributionsRptF990Amt
Method Of Determining RevenuesNONEMethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Contribution838ContributionCnt
Noncash Contributions Rpt F990$158,961NoncashContributionsRptF990Amt
Method Of Determining RevenuesMarket valueMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (3 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)AUCTION ITEMS34$3,310Market value
Yes (X)MEDICAL EQUIPMENT3$56,572Market value
Yes (X)MEDICAL AND NON-MEDICAL SUPPLIES FOR PATIENT CARE19$23,853Market value
FieldValueIRS element (for citing)
Form8283 Received0Form8283ReceivedCnt
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (true)ReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule M, Part I Explanations of reporting method for number of contributionsFormAndLineReferenceDesc
ExplanationSecurities - Publicly traded - NUMBER OF ITEMSExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part III, Line 4d Description of other program services(Expenses $ 7,019,418 including grants of $)(Revenue $ 6,065,026) OTHER PROGRAM SERVICE REVENUES AND EXPENSES INCLUDE INTEREST ON STUDENT LOANS AND PENALTIES, STUDENT HOUSING REVENUE AND OTHER PROGRAM SERVICES.
Form 990, Part VI, Line 1a Delegate broad authority to a committeeThe Executive Committee shall consist of, at a minimum, the Chair of the Board (as Chair of the Executive Committee), the Vice Chair of the Board, the Treasurer, the Secretary, and the President. The Executive Committee shall have the authority to exercise all authority of the Board of Trustees when the Board is not in session and time is of the essence, except as may be prohibited under law. When practicable, prior to the Executive Committee taking material actions on behalf of the Board pursuant to this provision, notice should be made to all Trustees of the pending matter in sufficient time to allow the Trustees to seek a special meeting to address that pending matter. The Board shall be notified of all actions taken by the Executive Committee at the earliest convenience. This notification may be accomplished by any means that fairly summarizes the actions taken by the Executive Committee.
Form 990, Part VI, Line 11b Review of form 990 by governing bodyThe organization's Chief Financial officer conducts a detailed review of the Form 990 in conjunction with the independent tax preparer of RFUMS. A formal review of the full Form 990 is then conducted by the organization's officers and members of management prior to filing with the Internal Revenue Service. Subsequent to this review, a copy of the Full Form 990 is distributed to each voting member of the Board of Trustees prior to filing with the Internal Revenue Service.
Form 990, Part VI, Line 12c Conflict of interest policyRFUMS has written conflict of interest policies for members of the Board of Trustees and officers of the corporation. In addition, conflict of interest policies and disclosure requirements cover senior administration and faculty, and all investigators engaged in university-sponsored or externally funded research. On an annual basis, members of the groups noted are required to disclose any interests that could give rise to any conflicts and provide a list of any potential and actual conflicts. Board of Trustees and officer disclosure documents are monitored by the Audit Committee of the Board. All others are monitored by the University's General Counsel. In the event of a conflict of interest, the individual is required to disclose the conflict and is prohibited from participating as a member of the Committee or Board in the matter in which there is a conflict.
Form 990, Part VI, Line 15a Process to establish compensation of top management officialThe total compensation package of the organization's top management official is established, approved and reviewed each year by the organization's independent compensation committee (executive committee) of the Board of Trustees and reported to the full Board of Trustees. To ensure that compensation is both reasonable and competitive, the Board retains the services of an outside independent consulting firm with expertise in academic healthcare. The independent consultant conducts a market survey that provides the Board with comparability data for compensation for similarly qualified persons at similar organizations. The decisions and deliberations regarding the review and approval of the top management official's compensation are documented in the Board minutes.
Form 990, Part VI, Line 15b Process to establish compensation of other employeesTHE COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES IS ESTABLISHED AND APPROVED BY THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL. THIS PROCESS IS CONDUCTED AND DOCUMENTED WITH THE ORGANIZATION'S OVERALL FINANCIAL REVIEW, WHICH IS OVERSEEN BY THE BOARD OF TRUSTEES. TO ENSURE THAT COMPENSATION IS BOTH REASONABLE AND COMPETITIVE FOR THE ABOVE PARTIES, MANAGEMENT OBTAINS AND REVIEWS COMPARABILITY DATA FROM INDEPENDENT CONSULTANTS IN ACADEMIC ENVIRONMENTS AND HEALTHCARE ON A PERIODIC BASIS.
Form 990, Part VI, Line 19 Required documents available to the publicThe organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
Form 990, Part VIII, Line 11d Other Miscellaneous RevenueAll other revenue - Total Revenue: 773805, Related or Exempt Function Revenue: 773805, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;
Form 990, Part IX, Line 5 Compensation of Board MembersNeil Bradbury was not compensated by RFUMS in his capacity as a member of the Board of Trustees, but did receive compensation as a faculty member of the University. IN ACCORDANCE WITH THE FORM 990 INSTRUCTIONS, PART IX, LINE 5 REPORTS Neil Bradbury's COMPENSATION FOR SERVICES RENDERED as an employee of the organization.
Form 990, Part XI, Line 9 Other changes in net assets or fund balancesPOSTRETIREMENT LIAB ACTUARIAL ADJUSTMENT - 416863; POSTRETIREMENT HEALTH CARE COSTS - -190884; Adjustment to pledges receivable - non-recurring - -1339314; Total - -1113335;

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1RFU LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Corporation Trust CenterAddressLine1Txt
Address Line21209 Orange StretAddressLine2Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP19801ZIPCd
FieldValueIRS element (for citing)
Primary ActivitiesReal estatePrimaryActivitiesTxt
Legal Domicile StateDELegalDomicileStateCd
Total Income$3,132,180TotalIncomeAmt
End Of Year Assets$49,971,460EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1Rosalind Franklin University of Medicine and ScienceBusinessNameLine1Txt

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1ROSALIND FRANKLIN UNIVERSITY HEALTH CLINICSBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line13333 GREEN BAY ROADAddressLine1Txt
CityNORTH CHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60064ZIPCd
FieldValueIRS element (for citing)
EIN770691998EIN
Primary ActivitiesHEALTH CAREPrimaryActivitiesTxt
Legal Domicile StateILLegalDomicileStateCd
Exempt Code Section501(c)(3)ExemptCodeSectionTxt
Public Charity StatusType IPublicCharityStatusTxt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1RFUMSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Controlled OrganizationYes (true)ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (true)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (true)SharingOfFacilitiesInd
Paid Employees SharingYes (true)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (true)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1ROSALIND FRANKLIN UNIVERSITY HEALTH CLINICSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypeDTransactionTypeTxt
Involved$38,024,704InvolvedAmt
Method Of Amount DeterminationCostMethodOfAmountDeterminationTxt

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