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Nonprofiteer
← ROCKEFELLER UNIVERSITY

Form 990 for tax year 2023

Filed by ROCKEFELLER UNIVERSITY.

Totals

Total revenue
$501,030,765
Total expenses
$571,330,484
Contributions and grants received
$273,449,128
Grants paid
$13,548,980
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$425,711,968
Management and general expenses
$135,138,929
Fundraising expenses
$10,479,587
Program service expenses (Part III)
$425,711,968

Program services were 74.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Richard P Lifton MD PhD

    President

    Total calculated
    $1,548,236
    From this org
    $1,271,737
    From related orgs
    $0
    Other
    $276,499
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,104,363
    Bonus
    $0
    Other
    $167,374
    Deferred
    $56,836
    Nontaxable benefits
    $219,663
    Filer's total
    $1,548,236

  • Karen Akinsanya PhD

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Holly Andersen MD

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Scott KH Bessent

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Debra Black

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Valentino Carlotti

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Eli Casdin

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Anna Chapman MD

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Caroline Curry

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • James G Dinan

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Andreas C Dracopoulos

    Trustee, Vice Chair

    Total calculated
    $0
    Hours/week
    3

  • Cheryl Cohen Effron

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Anne Chandler Bass Evans

    Trustees

    Total calculated
    $0
    Hours/week
    2

  • Katherine G Farley

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Michael D Fascitelli

    Trustee, Vice Chair

    Total calculated
    $0
    Hours/week
    3

  • Lee Fixel

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • William E Ford

    Trustee, Chair

    Total calculated
    $0
    Hours/week
    5

  • Diane Halvorsen

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Marlene Hess

    Trustee, Vice Chair (until 5/29/24)

    Total calculated
    $0
    Hours/week
    3

  • Michael B Hoffman

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Jessica Hopfield PhD

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Sandra J Horbach

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • William I Huyett

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Weslie Janeway

    Trustee (until 5/29/24)

    Total calculated
    $0
    Hours/week
    2

  • Rebecca A John

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Paula Johnson MD

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Joelle Kayden

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Mary Klotman MD

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Pablo G Legorreta

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Gregg Lemkau

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Karen M Levy

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Ge Li PhD

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Michael Lynton

    Trustee (until 11/8/23)

    Total calculated
    $0
    Hours/week
    2

  • Scott Mackesy

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Diane Mathis PhD

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Surya N Mohapatra PhD

    Trustee (until 5/29/24)

    Total calculated
    $0
    Hours/week
    2

  • John Monsky

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Jeremy Nathans MD PhD

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Jonathan M Nelson

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Robin Chemers Neustein

    Trustee, Vice Chair

    Total calculated
    $0
    Hours/week
    3

  • Daniel Pacthod

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Michael Price

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • John M Shapiro

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Barry R Sloane

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Robert Steel

    Trustee, Vice Chair

    Total calculated
    $0
    Hours/week
    3

  • David Sze

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Sandra Tamer

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Huda Zoghbi MD

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Xiaowei Zhuang PhD

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Paula Volent

    Chief Investment Officer

    Total calculated
    $2,033,233
    From this org
    $1,806,255
    From related orgs
    $0
    Other
    $226,978
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,047,536
    Bonus
    $607,751
    Other
    $150,968
    Deferred
    $195,214
    Nontaxable benefits
    $31,764
    Filer's total
    $2,033,233

  • Anouk van der Boor

    Managing Director, Private Partnerships

    Total calculated
    $857,486
    From this org
    $799,113
    From related orgs
    $0
    Other
    $58,373
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $399,113
    Bonus
    $400,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $58,373
    Filer's total
    $857,486

  • Maren Imhoff

    SVP, Development

    Total calculated
    $855,977
    From this org
    $731,411
    From related orgs
    $0
    Other
    $124,566
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $656,242
    Bonus
    $0
    Other
    $75,169
    Deferred
    $56,745
    Nontaxable benefits
    $67,821
    Filer's total
    $855,977

  • Michael Young

    VP, Academic Affairs (thru 8/31/23)

    Total calculated
    $824,639
    From this org
    $702,350
    From related orgs
    $0
    Other
    $122,289
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $611,014
    Bonus
    $0
    Other
    $91,336
    Deferred
    $56,715
    Nontaxable benefits
    $65,574
    Filer's total
    $824,639

  • Barry Coller

    VP & Physician-in-Chief

    Total calculated
    $821,921
    From this org
    $700,493
    From related orgs
    $0
    Other
    $121,428
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $627,818
    Bonus
    $0
    Other
    $72,675
    Deferred
    $56,727
    Nontaxable benefits
    $64,701
    Filer's total
    $821,921

  • Timothy O'Connor

    Executive Vice President & Corp Sec (from 7/24)

    Total calculated
    $805,674
    From this org
    $687,445
    From related orgs
    $0
    Other
    $118,229
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $623,057
    Bonus
    $0
    Other
    $64,388
    Deferred
    $56,773
    Nontaxable benefits
    $61,456
    Filer's total
    $805,674

  • Robert G Roeder

    Professor, Head of Laboratory

    Total calculated
    $736,380
    From this org
    $597,463
    From related orgs
    $0
    Other
    $138,917
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $515,763
    Bonus
    $0
    Other
    $81,700
    Deferred
    $56,687
    Nontaxable benefits
    $82,230
    Filer's total
    $736,380

  • Deborah Yeoh

    VP & General Counsel

    Total calculated
    $721,672
    From this org
    $636,563
    From related orgs
    $0
    Other
    $85,109
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $573,626
    Bonus
    $25,000
    Other
    $37,937
    Deferred
    $35,975
    Nontaxable benefits
    $49,134
    Filer's total
    $721,672

  • Charles M Rice

    Professor, Head of Laboratory

    Total calculated
    $692,543
    From this org
    $604,049
    From related orgs
    $0
    Other
    $88,494
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $548,618
    Bonus
    $0
    Other
    $55,431
    Deferred
    $56,827
    Nontaxable benefits
    $31,667
    Filer's total
    $692,543

  • Nathaniel Heintz

    Professor, Head of Laboratory

    Total calculated
    $673,965
    From this org
    $541,112
    From related orgs
    $0
    Other
    $132,853
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $491,578
    Bonus
    $0
    Other
    $49,534
    Deferred
    $56,707
    Nontaxable benefits
    $76,146
    Filer's total
    $673,965

  • Timothy Stearns

    VP, Education Affairs

    Total calculated
    $661,655
    From this org
    $545,677
    From related orgs
    $0
    Other
    $115,978
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $505,613
    Bonus
    $0
    Other
    $40,064
    Deferred
    $56,754
    Nontaxable benefits
    $59,224
    Filer's total
    $661,655

  • Romayne L Botti

    VP, Finance & Treasurer

    Total calculated
    $660,571
    From this org
    $545,841
    From related orgs
    $0
    Other
    $114,730
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $479,558
    Bonus
    $0
    Other
    $66,283
    Deferred
    $35,837
    Nontaxable benefits
    $78,893
    Filer's total
    $660,571

  • Virginia Huffman

    VP, Human Resources

    Total calculated
    $622,301
    From this org
    $499,734
    From related orgs
    $0
    Other
    $122,567
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $466,253
    Bonus
    $0
    Other
    $33,481
    Deferred
    $56,657
    Nontaxable benefits
    $65,910
    Filer's total
    $622,301

  • Titia de Lange

    Professor, Head of Laboratory

    Total calculated
    $616,690
    From this org
    $525,172
    From related orgs
    $0
    Other
    $91,518
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $485,926
    Bonus
    $0
    Other
    $39,246
    Deferred
    $56,754
    Nontaxable benefits
    $34,764
    Filer's total
    $616,690

  • Cornelia Bargmann

    VP, Academic Affairs (from 9/1/23)

    Total calculated
    $600,967
    From this org
    $512,392
    From related orgs
    $0
    Other
    $88,575
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $479,111
    Bonus
    $0
    Other
    $33,281
    Deferred
    $56,811
    Nontaxable benefits
    $31,764
    Filer's total
    $600,967

  • Sidney Strickland

    VP, Education Affairs (thru 8/31/22)

    Total calculated
    $598,758
    From this org
    $480,561
    From related orgs
    $0
    Other
    $118,197
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $445,082
    Bonus
    $0
    Other
    $35,479
    Deferred
    $56,741
    Nontaxable benefits
    $61,456
    Filer's total
    $598,758

  • Kretina Cook

    Asst. VP, Finance

    Total calculated
    $464,550
    From this org
    $352,329
    From related orgs
    $0
    Other
    $112,221
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $273,045
    Bonus
    $25,000
    Other
    $54,284
    Deferred
    $47,429
    Nontaxable benefits
    $64,792
    Filer's total
    $464,550

  • Ashton Murray

    Chief Diversity Officer & VP for DEI

    Total calculated
    $418,576
    From this org
    $356,711
    From related orgs
    $0
    Other
    $61,865
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $347,609
    Bonus
    $0
    Other
    $9,102
    Deferred
    $29,373
    Nontaxable benefits
    $32,492
    Filer's total
    $418,576

  • Theresa Desmond

    Spec. Asst/Corp Sec. (thru 7/2024)

    Total calculated
    $276,889
    From this org
    $211,937
    From related orgs
    $0
    Other
    $64,952
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $209,979
    Bonus
    $0
    Other
    $1,958
    Deferred
    $33,560
    Nontaxable benefits
    $31,392
    Filer's total
    $276,889

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 5a · Pay contingent on this organization's revenues
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 1a
The University provides a residence for the President on campus. The residence is a condition of employment as stated in the President's appointment letter. The house is provided to enable the President to be on campus 24/7 in order to respond to emergent situations that may arise and for other business purposes.
Part I, Line 4b
The University maintains a frozen 457(f) deferred compensation plan for one of its employees (Robert Roeder, PhD). There were no contributions into the plan during the year ended June 30, 2024 and there are no amounts to report as taxable or deferred in Schedule J, Part II compensation detail.
Part I, Line 5
The University maintains a bonus plan for the Chief Investment Officer and the Deputy Chief Investment Officer which is partially based upon the fiscal year return of the University's endowment in addition to other quantitative and qualitative measures. The plan was approved by the University's Compensation Committee of the Board of Trustees. The plan was developed using comparative data from similar institutions. For retention purposes, a portion of the annual bonus is deferred and paid in subsequent years. Certain Investment office staff are also eligible for a bonus. The deferred compensation amount disclosed in the University's 2022 Form 990 for the Chief Investment officer included an overstatement of the deferred bonus in the amount of $321,181.
Part I, Line 7
Bonuses, as reported in column b(ii), are based on extraordinary operational achievements. Bonuses are approved by the President and the Compensation Committee of the Board of Trustees.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
13 February 2025
IRS schema version
2023v6.0
Source object
202530449349301203

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