The Rehabilitation Institute of Chicago (RIC), operating as the Shirley Ryan Ability Lab (SRAlab), is a 501(c)(3) nonprofit hospital and research organization located at 355 East Erie Street in Chicago, Illinois. Founded in 1951, the organization is designated as a specialty hospital focused on physical medicine and rehabilitation. In 2017, RIC transitioned to its current operating name and relocated to a new 1.2-million-square-foot facility with 242 licensed beds, expanding from its previous 182-bed capacity.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.3B
+7.4% YoY
Annual Giving
$5.8M
-18.4% YoY
Grant Count
52
+15.6% YoY
Avg Grant Size
$112K
-29.4% YoY
Mission & Focus Areas
SRAlab is dedicated to providing the best patient outcomes through the highest-quality clinical care, translational research, scientific discovery, and education. The organization's overarching vision is to "Advance Human Ability™" and serve as the global source of science-driven breakthroughs in Human Ability.
The organization operates as a translational rehabilitation research hospital—the first of its kind—where clinicians, scientists, innovators, and technologists work together in the same space, discovering new approaches and applying research in real time to patient care.
Primary service areas include:
- Traumatic brain injury rehabilitation
- Stroke recovery
- Spinal cord injury treatment
- Pediatric rehabilitation
- Cancer rehabilitation
Grantmaking
SRAlab maintains an active grantmaking program with focus areas in Education, Philanthropy, Voluntarism & Grantmaking, and Human Services, primarily serving Illinois, California, and Texas.
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Geographic Focus
Where this funder awards grants
SRAlab's grantmaking priorities focus primarily on Illinois, California, and Texas.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (Fiscal Year 2024):
- Total Revenue: $447 million
- Total Expenses: $431 million
- Total Assets: $1,266,946,907
Prior Year Data (Fiscal Year 2023):
- Total Revenues: $427,328,734
- Total Expenses: $397,654,683
- Total Assets: $1,180,017,214
Staffing: The organization employs approximately 3,156 employees.
Tax Status: Tax-exempt since June 1954. The organization operates hospital facilities and has reported conflict of interest transactions on Schedule L of its tax filings.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,266,946,907 | $1,180,017,214 | $1,156,036,335 |
| Revenue | $446,731,155 | $427,328,734 | $407,647,164 |
| Expenses | $431,421,505 | $397,654,683 | $370,734,333 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $16,047,616 | $25,098,579 | $18,610,676 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
197 grants across all recorded years
Open Grants
3 open opportunities from Rehabilitation Institute of Chicago
Neurological Occupational Therapy Fellowship Grant
Rehabilitation Institute of Chicago
Amount
Varies
Deadline
Rolling / Open
Post-Doctoral Fellowship in Rehabilitation Psychology Grant
Rehabilitation Institute of Chicago
Amount
Varies
Deadline
Rolling / Open
Pre-Doctoral Advanced Practicum in Rehabilitation Psychology
Rehabilitation Institute of Chicago
Amount
Varies
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Daniel D Dolan Jr | Vice Chairman | 1 | — |
| M Jude Reyes | Chairman | 1 | — |
| Michael P Krasny | Vice Chairman | 1 | — |
| Nancy E Paridy | President, Chief Administrative Officer | 40 | $2,115,305 |
| Pablo Celnik MD | Chief Executive Officer (Beginning 9/23/23) | 40 | $727,875 |
| Peggy M Kirk | President, CEO (ending 1/1/2024) | 40 | $2,811,044 |
| Thomas A Reynolds III | Vice Chairman | 1 | — |
| Christopher Gust | Director | 1 | — |
| Dan K Webb | Director | 1 | — |
| James H Litinsky | Director (ending 5/15/24) | 1 | — |
| Linda S Wolf | Director | 1 | — |
| Mark F Stephan | Director | 1 | — |
| Michael L Keiser | Director | 1 | — |
| Richard B Murphy | Director | 1 | — |
| Robert O Delaney Jr | Director | 1 | — |
| Sharon L OKeefe | Director | 1 | — |
| Sheli Z Rosenberg | Director | 1 | — |
| Shirley W Ryan | Director | 1 | — |
| Wayne R Andersen | Director | 1 | — |
| William E Lowry Jr | Director (ending 2/15/24) | 1 | — |
| William J Cernugel | Director | 1 | — |
| Jonathan M Tingstad | SVP, Chief Financial Officer | 40 | $1,102,073 |
| Laura L Ferrio | SVP, Chief Operating Officer | 40 | $805,159 |
| David J Weiss | Medical Director | 40 | $709,808 |
| Elizabeth Owens | SVP, Chief Marketing and Innovation Officer | 40 | $1,197,124 |
| James Sliwa DO | Chief Medical Officer | 40 | $912,488 |
| Kelly Watkins | VP, Market Development | 40 | $783,303 |
| Richard Lieber PhD | SVP of Research, Chief Scientific Officer | 40 | $1,205,660 |
Recent News & Activity
Recent developments and announcements
The organization has received significant philanthropic support in recent years, including a $10 million gift from the Harris Family Foundation and a $10 million gift from the Regenstein Foundation designated for limb loss impairment research and programs.
Harris Family Foundation Gifts $10 Million to Rehabilitation Institute ofSubject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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