A system for extracting ontological information from a body of text is disclosed. The system parses one or more sentences from the body of text into parse tree format to generate a set of parsed sentences. The system further performs named-entity-recognition by identifying a subset of parsed sentences from the set of parsed sentences. A subset of noun phrases from the subset of parsed sentences are identified and the noun phrases are examined to classify the noun phrases as an entity or as a property. The system also identifies and outputs a conceptual relationship between the entity and the property based at least partially on grammatical relationship of the entity and the property.