UNIVERSITY OF ROCHESTER
208 WALLIS HALL, ROCHESTER, NY 14627 www.rochester.edu

Total Revenue
$4,135,942,762
Total Expenses
$4,087,444,626
Net Assets
$3,386,077,727

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

EDUCATIONAL ACTIVITIES - THE UNIVERSITY IS COMPRISED OF SIX SCHOOLS OFFERING PROGRAMS FROM UNDERGRADUATE TO POST-DOCTORAL DEGREES. THESE ARE THE SCHOOL OF ARTS AND SCIENCES, THE HAJIM SCHOOL OF ENGINEERING, THE WARNER SCHOOL OF EDUCATION AND HUMAN DEVELOPMENT, EASTMAN SCHOOL OF MUSIC, SIMON GRADUATE SCHOOL OF BUSINESS ADMINISTRATION, SCHOOL OF NURSING, AND SCHOOL OF MEDICINE AND DENTISTRY. THERE ARE ALSO A NUMBER OF IMPORTANT CENTERS OF ACADEMIC EXCELLENCE, FOR EXAMPLE, THE INSTITUTE OF OPTICS, THE LABORATORY FOR LASER ENERGETICS, THE WILMOT CANCER CENTER, AND THE FLAUM EYE INSTITUTE. THE FULL-TIME FACULTY OF THE SCHOOL OF MEDICINE AND DENTISTRY PROVIDE CLINICAL SERVICES AS PART OF THE ACADEMIC MEDICAL PROGRAM; THIS ACTIVITY OCCURS 100 PERCENT WITHIN THE MEDICAL SCHOOL AND IS INTERNALLY ORGANIZED AND SUPERVISED AS URMFG OR UNIVERSITY OF ROCHESTER MEDICAL FACULTY GROUP. THERE ARE 1,348 FULL-TIME TENURED FACULTY MEMBERS AND 11,817 UNDERGRADUATE AND GRADUATE STUDENTS ENROLLED IN THE UNIVERSITY. THE UNIVERSITY HAS ALWAYS PLACED FINANCIAL AID FOR ITS STUDENTS AMONG ITS HIGHEST PRIORITIES. SCHOLARSHIPS COVER A PORTION OF THE COST OF ATTENDING THE UNIVERSITY OF ROCHESTER. THE UNIVERSITY IS COMMITTED TO OFFERING THE HIGHEST QUALITY EDUCATION TO ITS STUDENTS, REGARDLESS OF THEIR ECONOMIC CIRCUMSTANCES OR BACKGROUND. FOR EXAMPLE, THE UNIVERSITY HAS A PROGRAM TO EXPAND HIGHER EDUCATION OPPORTUNITIES FOR STUDENTS FROM THE ROCHESTER CITY SCHOOL DISTRICT (RCSD), A DISTRICT WITH ONE OF THE HIGHEST POVERTY AND SCHOOL DROPOUT RATES IN NEW YORK STATE. THE UNIVERSITY PROVIDES $25,000 PER YEAR FOR FOUR YEARS TO EVERY GRADUATE OF THE SCHOOL DISTRICT WHO IS ADMITTED TO THE UNIVERSITY'S COLLEGE OF ARTS, SCIENCES AND ENGINEERING; THIS IS EQUIVALENT TO AN AWARD OF $100,000 FOR EACH STUDENT.THROUGH THE ENDOWMENT, THE UNIVERSITY PERPETUATES AND ENHANCES ITS EDUCATIONAL, RESEARCH, CLINICAL CARE PROGRAMS AND PUBLIC SERVICE MISSIONS. THIS COMMITMENT REQUIRES AN ENDOWMENT PAYOUT OF 5.7 PERCENT CALCULATED ON A ROLLING FIVE-YEAR AVERAGE OF THE ENDOWMENT'S MARKET VALUE. THE UNIVERSITY'S ENDOWMENT CONSISTS LARGELY OF INDIVIDUAL FUNDS THANKS TO THE GENEROSITY OF CHARITABLE DONORS. THE DONORS OF THESE GIFTS OFTEN SPECIFY AND RESTRICT THE PURPOSES FOR WHICH THE INCOME MAY BE SPENT TO ENSURE LONG-TERM BENEFITS.

RESEARCH ACTIVITIES: THE UNIVERSITY PERFORMS RESEARCH, TRAINING, AND OTHER SERVICES UNDER GRANTS, CONTRACTS, AND SIMILAR AGREEMENTS WITH SPONSORING ORGANIZATIONS, PRIMARILY DEPARTMENTS AND AGENCIES OF THE UNITED STATES GOVERNMENT. DURING THE 2018-2019 FISCAL YEAR, THERE WERE 3,470 GRANTS AND CONTRACTS IN EFFECT THAT TOTALED $393,630,809 IN REVENUE.ROCHESTER RESEARCHERS ARE SCIENTISTS AND SCHOLARS, INVENTORS AND CONSERVATORS, ARTISTS AND ANALYSTS. THEY KNOW MANY OF THE BEST BREAKTHROUGHS IN KNOWLEDGE AND CREATIVITY OCCUR BY CROSSING BOUNDARIES. MANY OF THE UNIVERSITYS RESEARCH ENVIRONMENTS ARE DESIGNED TO FACILITATE COLLABORATION AND EXPLORATION ACROSS DISCIPLINES. RESEARCH AT THE UNIVERSITY OF ROCHESTER OCCURS IN 60 RESEARCH CENTERS AND INSTITUTES ACROSS THE UNIVERSITY, INCLUDING: - THE LABORATORY FOR LASER ENERGETICS (LLE) - THE LASER LAB IS THE LARGEST UNIVERSITY-BASED DEPARTMENT OF ENERGY RESEARCH PROGRAM IN THE NATION AND IS HOME TO THE MOST POWERFUL LASER SYSTEMS FOUND AT ANY ACADEMIC INSTITUTION IN THE WORLD. AT THE LAB, RESEARCHERS FROM ALL OVER THE WORLD PROBE THE EXTREMES OF TEMPERATURE AND PRESSURE IN LABORATORY-SCALE EXPERIMENTS. - THE INSTITUTE OF OPTICS - HOME TO THE NATIONS FIRST OPTICAL SCIENCE, ENGINEERING AND DESIGN PROGRAM. THE INSTITUTE OF OPTICS HAS GRANTED ABOUT HALF OF ALL DEGREES IN OPTICS AWARDED IN THE U.S. - THE DEL MONTE INSTITUTE FOR NEUROSCIENCE - INSTRUMENTAL IN BRINGING TOGETHER NEUROSCIENCE AND RELATED DISCIPLINES- BIOMEDICAL ENGINEERING, BRAIN AND COGNITIVE SCIENCES, COMPUTER SCIENCE, AND NEUROLOGY. THIS MULTIDISCIPLINARY WORK HAS MADE POSSIBLE CRITICAL RESEARCH INTO ALZHEIMERS, MULTIPLE SCLEROSIS, AUTISM AND DYSLEXIA. - THE HUMANITIES CENTER - AN INTELLECTUAL HOME BASE FOR STUDENTS, FACULTY, RESEARCHERS, ARTISTS AND THE PUBLIC. RESEARCH PROJECTS AFFECT FIELDS BEYOND THE HUMANITIES, INCLUDING MEDICINE, BUSINESS, SCIENCE AND ENGINEERING. - MT. HOPE FAMILY CENTER - LEADING EXPERTS PROVIDE EVIDENCE-BASED INTERVENTION AND PREVENTION SERVICES TO OVER 900 AT-RISK CHILDREN AND FAMILIES ANNUALLY. - INSTITUTE FOR MUSIC LEADERSHIP - DEVELOPING CREATIVE AND EFFECTIVE LEADERS FOR TODAYS MUSICAL WORLD.

SERVICES OF HOSPITAL AND CLINICS- THE UNIVERSITY OF ROCHESTER (THE "UNIVERSITY") PROVIDES HEALTH CARE SERVICES TO THE GREATER ROCHESTER AND FINGER LAKES AREA THROUGH STRONG MEMORIAL HOSPITAL, STRONG HOME CARE GROUP, THE VARIOUS ENTITIES INCLUDED IN STRONG PARTNERS HEALTH SYSTEM, INC. (SPHS), F.F. THOMPSON HEALTH SYSTEM, INC., LIVINGSTON HEALTH CARE SYSTEM, INC., THE MEMORIAL HOSPITAL OF WILLIAM F. AND GERTRUDE F. JONES, INC. AND ST. JAMES HOSPITAL. TO SUPPORT THE TEACHING AND RESEARCH MISSIONS OF ITS SCHOOL OF MEDICINE AND DENTISTRY AND ITS SCHOOL OF NURSING, THE UNIVERSITY OF ROCHESTER OPERATES STRONG MEMORIAL HOSPITAL, A TERTIARY CARE TEACHING HOSPITAL, WHICH INCLUDES THE GOLISANO CHILDRENS HOSPITAL. STRONG MEMORIAL HOSPITAL, GOLISANO CHILDRENS HOSPITAL, AND THE UNIVERSITY OF ROCHESTER MEDICAL FACULTY GROUP OPERATE AS UNINCORPORATED DIVISIONS OF THE UNIVERSITY OF ROCHESTER. STRONG MEMORIAL HOSPITAL PROVIDES HEALTH CARE SERVICES THROUGH ITS INPATIENT, OUTPATIENT AND EMERGENCY FACILITIES. THE MEDICAL STAFF OF THE HOSPITAL IS THE FACULTY OF THE SCHOOL OF MEDICINE AND DENTISTRY. THE ACADEMIC DEPARTMENT CHAIRS ALSO FUNCTION AS THE DEPARTMENT HEADS OF THE MEDICAL SERVICES IN THE HOSPITAL. THERE ARE EXTENSIVE INTERN AND RESIDENT PROGRAMS. THE HOSPITAL PROVIDES CARE REGARDLESS OF THE PATIENT'S ABILITY TO PAY FOR SERVICES. DURING THE 2019-2020 FISCAL YEAR, THERE WERE 291,087 TOTAL INPATIENT DAYS AND 118,925 EMERGENCY VISITS. IN ADDITION TO BEING A TEACHING FACILITY, THE HOSPITAL OPERATES IN A CHARITABLE MANNER CONSISTENT WITH THE REQUIREMENTS OF INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE "COMMUNITY BENEFIT STANDARD" OF IRS REVENUE RULING 69-545. IN THIS REGARD, THE GOVERNING BODY OF THE ORGANIZATION IS COMPOSED OF PROMINENT CITIZENS IN THE COMMUNITY. MEDICAL STAFF PRIVILEGES IN THE HOSPITAL ARE AVAILABLE TO ALL QUALIFIED PHYSICIANS IN THE AREA WHO ALSO CAN QUALIFY AS FULL OR PART-TIME FACULTY OF THE SCHOOL OF MEDICINE AND DENTISTRY; THE HOSPITAL MAINTAINS A FULL-TIME EMERGENCY ROOM OPEN TO ALL REGARDLESS OF ABILITY TO PAY; THE HOSPITAL PROVIDES CARE TO NEEDY MEMBERS OF ITS COMMUNITY WITH ITS CHARITY CARE POLICY REGARDLESS OF THEIR ABILITY TO PAY FOR SERVICES AND ADMITS AS PATIENTS THOSE ABLE TO PAY FOR CARE, EITHER THEMSELVES OR THROUGH THIRD-PARTY PAYERS SUCH AS PRIVATE HEALTH INSURANCE OR GOVERNMENT PROGRAMS SUCH AS MEDICARE AND MEDICAID. THE HOSPITAL'S EXCESS FUNDS ARE GENERALLY APPLIED TO EXPANSION AND REPLACEMENT OF EXISTING FACILITIES AND EQUIPMENT, MEDICAL RESEARCH, AMORTIZATION OF INDEBTEDNESS, IMPROVEMENTS IN PATIENT CARE, COMMUNITY BENEFIT ACTIVITIES AND CHARITY CARE.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Michael D Maloney MdPROFESSOR-ORTHOPAEDICS M&D86$1,958,525
Tarun Bhalla MdASSOC PROF NEUROLOGY60$1,714,952
George M Alfieris MdPROFESSOR-CARDIAC SURGERY M&D85$1,692,037
Ilya Voloshin MdPROFESSOR-ORTHOPAEDICS M&D60$1,688,839
Mark B Taubman MdSRVP HEALTH,CEO URMC, DEAN SMD68$1,584,714
Marc D Brown MdFACULTY DERMATOLOGY M&D50$1,326,492
Michael F Rotondo MdCEO URMFG, SR VP URMC55$1,240,230
Steven I GoldsteinPRES/CEO SMH & HH,SRVP URMC55$1,232,162
Bradford C BerkDIRECTOR-UR NEUROREST. INST.65$1,127,960
Joel S SeligmanPRESIDENT EMERITUS & PROFESSOR40$884,307
Richard FeldmanPROFESSOR,FRMR INTERIM PRES40$838,617
Kathleen ParrinelloCOO SMH, EXEC VP SMH65$783,014
Douglas W PhillipsSRVP & CHIEF INVESTMENT OFCR62$780,699
Adam P AnolikCFO URMC55$721,744
Thomas J FarrellSRVP & CHIEF ADVANCEMENT OFCR55$710,358
Robert L ClarkPROVOST & SRVP RESEARCH55$676,232
Michael J Apostolakos MdCMO,SMH & HH, VP URMC55$661,347
Holly G CrawfordSR VP, ADMIN & FIN, CFO, TRSR65$618,381
Sarah MangelsdorfTRUSTEE,PRES & CEO- AS OF 7/1980$580,991
Peter G RobinsonVP GOV'T & COMM REL, URMC55$571,702
Raymond J Mayewski MdPROFESSOR,FRMR VP URMC40$551,109
Gail M NorrisVP,GEN COUNSEL(UNTIL OCT 2019)60$533,456
Carrie P Fuller-SpencerCFO SMH,HH,LTC&ASSOC VP URMC55$445,805
Lamar R MurphyCOS, GENL SECY- UNTIL 1/202055$416,911
Peter LenniePROFESSOR, FRMR PROVOST40$392,411
Elizabeth StaudermanVP FOR COMMUNICATIONS55$342,669
Mercedes Ramirez Fernandez- 012019VP EQUITY, INCLUSION, CDO55$191,616
Donna Gooden Payne- As Of 102019VP AND GENERAL COUNSEL60$140,330
Anthony Green- As Of 12020CHIEF OF STAFF PRES;SECY BOARD55$139,928
Alan S ZekelmanTRUSTEE2$0
G Robert Witmer JrTRUSTEE- UNTIL 8/20192$0
Thomas C Wilmot SrTRUSTEE2$0
Timothy C WentworthTRUSTEE2$0
Daniel R WegmanTRUSTEE2$0
Elizabeth WardTRUSTEE- AS OF 5/20202$0
Kathy N WallerTRUSTEE2$0
Thomas R SloanTRUSTEE2$0
Philip E SaundersTRUSTEE- UNTIL 5/20202$0
Martin SandersTRUSTEE- AS OF 5/20202$0
Thomas S RichardsTRUSTEE2$0
Ronald RettnerTRUSTEE2$0
Brian F PrinceTRUSTEE- UNTIL 5/20202$0
Francis L PriceTRUSTEE- UNTIL 5/20202$0
Philip A Pizzo MdTRUSTEE2$0
Lizette M Perez-DeisboeckTRUSTEE2$0
Sandra A ParkerTRUSTEE2$0
Neveen NatarajTRUSTEE2$0
Kathleen Ann MurrayTRUSTEE- UNTIL 5/20202$0
Cathy E MinehanTRUSTEE2$0
Edward D Miller MdTRUSTEE2$0
Gail A LioneTRUSTEE2$0
Nancy A LiebermanTRUSTEE2$0
Evans Y LamTRUSTEE2$0
Laurence KesslerTRUSTEE2$0
Robert J KeeganTRUSTEE2$0
Carol D KarpTRUSTEE2$0
Richard B HandlerTRUSTEE (CHAIR)2$0
Gwen Meltzer GreeneTRUSTEE2$0
Ani N GabrellianTRUSTEE2$0
Emerson U FullwoodTRUSTEE2$0
Bernard T Ferrari MdTRUSTEE2$0
Launcelot F DrummondTRUSTEE2$0
Carol John A DavidsonTRUSTEE2$0
Barbara J BurgerTRUSTEE2$0
Elizabeth P BrunoTRUSTEE2$0
John H BruningTRUSTEE2$0
H Christopher BoehningTRUSTEE2$0
Laurence H BlochTRUSTEE2$0
Stephen R Biggar Md PhdTRUSTEE2$0
Naomi M BergmanTRUSTEE2$0
Jay S BenetTRUSTEE2$0
Joan S BealTRUSTEE2$0
Mark S AinTRUSTEE2$0
Joseph W AbramsTRUSTEE2$0
Richard T AabTRUSTEE2$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202131349349304868_public.xml