Roosevelt University

Tax-deductible

Chicago, IL501(c)(3)Since 1945EIN 36-2167854Revenue $145.7M in FY2024

On file with the IRSroosevelt.edu430 S Michigan Ave, 60605-1315 · Chicago, ILTax-exempt since Oct 1945School — 170(b)(1)(A)(ii)

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Roosevelt University is an independent, non-profit, metropolitan University and national leader in educating socially conscious citizens for active and dedicated lives as leaders in their professions and their communities. The university's student-centered faculty and staff inspire academically qualified students to benefit from rigorous higher education and professional development opportunities.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Run by 143 volunteers and 1,528 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $11.3M a year · 8% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.7M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $38K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$281.7M
71% of total assets
Worth a look: liabilities are 71% of assets; over 65%.
Pt X · Ln 26
Independent board members
32
of 38 voting members
Looks good: 32 of 38 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$145.7M
+12% vs prior year
Spent
$145.6M
To programs
88%
Net assets
$114.3M
By yearFY2020–FY2024
Revenue
$145.7M
FY2024▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$144.3M
FY2021$160.4M
FY2022$156.7M
FY2023$131.8M
FY2024$130.4M
FY2024$145.7M
Expenses
$145.6M
FY2024▲ +0.8%
Tap a bar for its year
Expenses by fiscal year
FY2020$155.2M
FY2021$161.5M
FY2022$164.5M
FY2023$154.4M
FY2024$144.5M
FY2024$145.6M
Net assets
$114.3M
FY2024▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$144.5M
FY2021$166.1M
FY2022$121.8M
FY2023$104.6M
FY2024$110.4M
FY2024$114.3M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1945.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $128.0M Management & general 10% · $14.0M Fundraising 2% · $3.5M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

67 people listed on the 990; $3.7M paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$676,364Pt VII · Sec A
VP Finance/Admin CFO/Treasurer
$285,291Pt VII · Sec A
VP Enrolllment Advancemt and Mktg
$250,185Pt VII · Sec A
Professor of History and Political Science and Former Provost
$238,631Pt VII · Sec A
Chief of Staff- Secretary
$227,380Pt VII · Sec A
Co-Dean College of Science Health Pharmacy
$226,152Pt VII · Sec A
VP Info Tech and CIO
$224,266Pt VII · Sec A
Vice President of Athletics
$224,155Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Dr Ali R Malekzadeh$676,364$882,736$725,636$762,479$705,677$633,852
Mablene S Krueger——$242,981$359,932$287,302—
Andrew M Harris———$348,166$292,498$278,176
Dr Lois S Becker————$302,639$282,915
Arlene R Regnerus$285,291$247,529$260,633$217,605$155,424—
Andrae Marak$238,631$261,781$237,696———
Nicole M Barron$250,185$242,517$224,001$200,104$212,123$174,895
Dr Melissa L Hogan$226,152$222,494$246,480$223,038$236,550$239,398

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides diverse students of all ages with rigorous higher education, professional development, and social justice-focused learning opportunities in a dynamic academic environment.

Questions for Roosevelt University

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Provided by the organization

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3 programs · $128.0M · in their own filed words · FY2024
01

Roosevelt university offers programs and services that reinforce its student-centered mission. The university offers more than 100 undergraduate, graduate and certificate programs and is committed to the highest academic standards for all programs. Class schedules are flexible.

$117.9Mprogram expense
02

Roosevelt university provides support services that foster learning and student success on campus. These services include: faculty- led experiential learning opportunities, the academic success center, career services, counseling center, disability services, learning communities, health & wellness programs, international programs and…

$9.4Mprogram expense
03

Roosevelt university's commitment to social justice is deeply rooted in its history and is reflected in its mission, strategic plan, research and learning opportunities both in and outside of the classroom.

$725Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 3 funders$38K
See all 3 funders →
Grants paid · 9 grants · $227.3M · 2019–2024
Unitemized GrantFY2024$25,005,221
Unitemized GrantFY2023$30,539,209
Unitemized GrantFY2022$40,007,113
Unitemized GrantFY2022$2,688,073
Unitemized GrantFY2021$40,562,188
Unitemized GrantFY2021$5,609,110
Unitemized GrantFY2020$40,559,264
Unitemized GrantFY2020$5,198,045
Unitemized GrantFY2019$37,092,228

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$145.7M
Ln 12
Fees for servicesLn 2g$114.6M
Gifts and grantsLn 1h$20.2M
Investment incomeLn 3$11.9M
Money outPt IX
$145.6M
Ln 25
Programscol B$128.0M
Managementcol C$14.0M
Fundraisingcol D$3.5M
Owns and owesPt X
$114.3M
net assets · Ln 32
Cash and savingsLn 1–2$14.6M
Total assetsLn 16$396.0M
LiabilitiesLn 26$281.7M
PeoplePt VI, VII
67
listed · VII A
PaidVII A19
Voting boardVI 1a38
IndependentVI 1b32
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$20.2M
Government grantsLn 1e$9.0M
Noncash giftsLn 1g$243K
Fundraising eventsLn 1c$229K
Fees for servicesLn 2g$114.6M
Investment incomeLn 3$11.9M
Gains on assetsLn 7$8.1M
Total revenueLn 12$145.7M
Assets in detailPt X, end of year
CashLn 1$9.6M
SavingsLn 2$5.0M
Cash and savings togetherLn 1–2$14.6M
InvestmentsLn 11–13$174.0M
Land, buildings, equipmentLn 10c$165.8M
Other assetsLn 15$7.1M
Total assetsLn 16$396.0M
LiabilitiesLn 26$281.7M
Net assetsLn 32$114.3M
OperationsPt I, VI
EmployeesI 51,528
VolunteersI 6143
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$12.0M$14.6M
InvestmentsLn 11–13$168.7M$174.0M
Land, buildings, equipmentLn 10c$170.4M$165.8M
Total assetsLn 16$393.3M$396.0M
LiabilitiesLn 26$282.9M$281.7M
Net assetsLn 32$110.4M$114.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$25.0M$25.0M
Grants and assistance to foreign recipientsLn 3$3.5M$3.5M
Pay of current officers, directors and key staffLn 5$2.6M$2.2M$309K$77K
Pay of disqualified personsLn 6$410K$348K$49K$12K
Other salaries and wagesLn 7$46.9M$39.9M$5.6M$1.4M
Pension plan contributionsLn 8$217K$184K$26K$7K
Other employee benefitsLn 9$6.7M$5.7M$807K$202K
Payroll taxesLn 10$3.4M$2.9M$413K$103K
Management feesLn 11a$100K$85K$12K$3K
Legal feesLn 11b$272K$231K$33K$8K
Accounting feesLn 11c$236K$201K$28K$7K
Investment management feesLn 11f$299K$255K$36K$9K
Other fees for servicesLn 11g$5.8M$4.9M$694K$173K
Advertising and promotionLn 12$1.0M$881K$124K$31K
Office expensesLn 13$2.1M$1.8M$256K$64K
Information technologyLn 14$3.3M$2.8M$399K$100K
RoyaltiesLn 15$7K$6K$797$199
OccupancyLn 16$7.8M$6.6M$935K$234K
TravelLn 17$2.6M$2.2M$316K$79K
Conferences, conventions and meetingsLn 19$226K$192K$27K$7K
InterestLn 20$12.4M$10.5M$1.5M$372K
Depreciation, depletion and amortizationLn 22$7.7M$6.5M$922K$231K
InsuranceLn 23$1.2M$985K$139K$35K
Other expenses (24a–d)Ln 24$10.5M$8.9M$1.3M$315K
All other expensesLn 24e$1.2M$988K$140K$35K
Total functional expensesLn 25$145.6M$128.0M$14.0M$3.5M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $130.4M$144.5M−$14.1M$110.4M 990 PDF
FY2023 $131.8M$154.4M−$22.6M$104.6M 990 PDF
FY2022 $156.7M$164.5M−$7.8M$121.8M 990 PDF
FY2021 $160.4M$161.5M−$1.1M$166.1M 990 PDF
FY2020 $144.3M$155.2M−$10.9M$144.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $145,744,413 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $11,557,218$20,206,715
I-9 Program service revenuePrior year $113,698,925$114,624,646
I-10 Investment incomePrior year $6,053,190$11,872,908
I-11 Other revenuePrior year −$948,878−$959,856
I-12 Total revenuePrior year $130,360,455$145,744,413
I-13 Grants and similar amounts paidPrior year $33,924,891$28,542,644
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $54,752,407$60,292,715
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $55,783,573$56,747,200
I-18 Total expensesPrior year $144,460,871$145,582,559
I-19 Revenue less expensesPrior year −$14,100,416$161,854
Part VI · Governance 32 of 38 board members independent, 1 to look at
VI-1a Voting members of the governing body38
VI-1b Independent voting members32
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $145,744,413 across 13 lines filed
VIII-1c Fundraising events$229,300
VIII-1e Government grants$9,014,007
VIII-1f All other contributions, gifts and grants$10,963,408
VIII-1g Noncash contributions (included above)$243,173
VIII-1h Total contributions, gifts and grants$20,206,715
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $114,624,646$114,624,646
VIII-3 Investment incomeExcluded from tax $3,753,874$3,753,874
VIII-5 RoyaltiesExcluded from tax $30,925$30,925
VIII-6 Net rental income or lossExcluded from tax $470,138$470,138
VIII-7 Net gain or loss on sales of assetsExcluded from tax $8,119,034$8,119,034
VIII-8 Net income from fundraising eventsExcluded from tax −$70,241−$70,241
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,440 · Unrelated business −$1,621,763 · Excluded from tax $229,645−$1,390,678
VIII-12 Total revenueRelated to mission $114,626,086 · Unrelated business −$1,621,763 · Excluded from tax $12,533,375$145,744,413
Part IX · Statement of functional expenses $145,582,559 across 25 lines filed
IX-2 Grants to domestic individualsPrograms $25,005,221$25,005,221
IX-3 Grants and assistance to foreign recipientsPrograms $3,537,423$3,537,423
IX-5 Pay of current officers, directors and key staffPrograms $2,192,107 · Management $309,474 · Fundraising $77,368$2,578,949
IX-6 Pay of disqualified personsPrograms $348,457 · Management $49,194 · Fundraising $12,298$409,949
IX-7 Other salaries and wagesPrograms $39,878,533 · Management $5,629,911 · Fundraising $1,407,478$46,915,922
IX-8 Pension plan contributionsPrograms $184,462 · Management $26,042 · Fundraising $6,510$217,014
IX-9 Other employee benefitsPrograms $5,717,106 · Management $807,120 · Fundraising $201,781$6,726,007
IX-10 Payroll taxesPrograms $2,928,143 · Management $413,385 · Fundraising $103,346$3,444,874
IX-11a Management feesPrograms $85,000 · Management $12,000 · Fundraising $3,000$100,000
IX-11b Legal feesPrograms $231,347 · Management $32,661 · Fundraising $8,165$272,173
IX-11c Accounting feesPrograms $200,720 · Management $28,337 · Fundraising $7,084$236,141
IX-11f Investment management feesPrograms $254,544 · Management $35,936 · Fundraising $8,984$299,464
IX-11g Other fees for servicesPrograms $4,915,538 · Management $693,958 · Fundraising $173,490$5,782,986
IX-12 Advertising and promotionPrograms $881,135 · Management $124,396 · Fundraising $31,099$1,036,630
IX-13 Office expensesPrograms $1,810,031 · Management $255,534 · Fundraising $63,883$2,129,448
IX-14 Information technologyPrograms $2,826,285 · Management $399,005 · Fundraising $99,751$3,325,041
IX-15 RoyaltiesPrograms $5,648 · Management $797 · Fundraising $199$6,644
IX-16 OccupancyPrograms $6,621,122 · Management $934,747 · Fundraising $233,687$7,789,556
IX-17 TravelPrograms $2,240,174 · Management $316,260 · Fundraising $79,065$2,635,499
IX-19 Conferences, conventions and meetingsPrograms $191,712 · Management $27,065 · Fundraising $6,766$225,543
IX-20 InterestPrograms $10,545,241 · Management $1,488,740 · Fundraising $372,185$12,406,166
IX-22 Depreciation, depletion and amortizationPrograms $6,534,353 · Management $922,497 · Fundraising $230,624$7,687,474
IX-23 InsurancePrograms $984,857 · Management $139,039 · Fundraising $34,760$1,158,656
IX-24 Other expenses (24a–d)Programs $8,919,440 · Management $1,258,899 · Fundraising $314,785$10,493,124
IX-24e All other expensesPrograms $988,041 · Management $139,690 · Fundraising $34,924$1,162,655
IX-25 Total functional expensesPrograms $128,026,640 · Management $14,044,687 · Fundraising $3,511,232$145,582,559
Part X · Balance sheet $396,021,414 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $8,184,565$9,586,377
X-2 Savings and temporary cash investmentsStart of year $3,817,771$4,986,873
X-3 Pledges and grants receivableStart of year $2,968,488$1,882,340
X-4 Accounts receivableStart of year $24,612,054$29,093,329
X-9 Prepaid expenses and deferred chargesStart of year $3,793,629$3,568,608
X-10c Land, buildings and equipment, netStart of year $170,414,676$165,753,730
X-11 Publicly traded securitiesStart of year $151,335,720$156,055,160
X-13 Program-related investmentsStart of year $17,370,114$17,965,534
X-15 Other assetsStart of year $10,808,395$7,129,463
X-16 Total assetsStart of year $393,305,412$396,021,414
X-17 Accounts payable and accrued expensesStart of year $5,838,545$7,601,848
X-19 Deferred revenueStart of year $42,471,582$45,339,274
X-20 Tax-exempt bond liabilitiesStart of year $222,628,409$220,629,615
X-25 Other liabilitiesStart of year $11,961,876$8,123,948
X-26 Total liabilitiesStart of year $282,900,412$281,694,685
X-27 Net assets without donor restrictionsStart of year −$23,879,002−$29,689,349
X-28 Net assets with donor restrictionsStart of year $134,284,002$144,016,078
X-32 Total net assets or fund balancesStart of year $110,405,000$114,326,729
X-33 Total liabilities and net assetsStart of year $393,305,412$396,021,414
Part XI · Reconciliation of net assets $114,326,729 net assets at year end
XI-1 Total revenue$145,744,413
XI-2 Total expenses$145,582,559
XI-3 Revenue less expenses$161,854
XI-4 Net assets at start of year$110,405,000
XI-5 Net unrealized gains (losses) on investments$3,759,875
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$114,326,729

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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