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Nonprofiteer
← MICHAEL REESE RESEARCH AND EDUCATION FOUNDATION

Form 990 for tax year 2024

Filed by MICHAEL REESE RESEARCH AND EDUCATION FOUNDATION.

Totals

Total revenue
$3,726,998
Total expenses
$3,621,384
Contributions and grants received
$1,515,860
Grants paid
$1,202,572
Program service revenue
$0
Investment income
$498,792
Other revenue
$1,712,346
Total assets, end of year
$17,142,735
Total liabilities, end of year
$2,258,018
Net assets or fund balances, end of year
$14,884,717
Program services expenses (Part IX)
$3,011,296
Management and general expenses
$607,840
Fundraising expenses
$2,248
Program service expenses (Part III)
$3,011,296

Program services were 83.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $1,514,282

  • 1f · All other contributions, gifts and grants

    $1,578

  • 3 · Investment income

    total $480,040 · excluded $480,040

  • 7a · Gross sales of assets other than inventory

    securities $81,385

  • 7b · Less cost or other basis and sales expenses

    securities $62,633

  • 7c · Gain or loss

    securities $18,752

  • 7d · Net gain or loss

    total $18,752 · excluded $18,752

  • 10a · Gross sales of inventory

    $7,872,660

  • 10b · Cost of goods sold

    $6,170,848

  • 10c · Net income from sales of inventory

    total $1,701,812 · related or exempt $1,701,812

  • 11a · Other revenue: OTHER INCOME

    total $10,534 · excluded $10,534

  • 11e · Other revenue, total

    $10,534

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,202,572 · program services $1,202,572

  • 5 · Compensation of officers, directors and key employees

    total $161,574 · management and general $161,574

  • 7 · Other salaries and wages

    total $428,850 · program services $267,700 · management and general $161,150

  • 8 · Pension plan contributions

    total $63,747 · program services $30,268 · management and general $33,479

  • 10 · Payroll taxes

    total $32,137 · program services $20,168 · management and general $11,969

  • 11a · Fees: management

    total $117,036 · program services $117,036

  • 11c · Fees: accounting

    total $86,301 · management and general $86,301

  • 11f · Fees: investment management

    total $82,871 · management and general $82,871

  • 11g · Fees: other

    total $1,086,691 · program services $1,056,202 · management and general $30,489

  • 16 · Occupancy

    total $55,695 · program services $55,695

  • 19 · Conferences, conventions and meetings

    total $25,388 · program services $22,321 · management and general $3,067

  • 23 · Insurance

    total $33,855 · program services $24,668 · management and general $9,187

  • 24a · Other expenses: PATHOLOGY & RADIOLOGY

    total $169,940 · program services $169,940

  • 24b · Other expenses: SUPPLIES

    total $34,855 · program services $31,734 · management and general $3,121

  • 24c · Other expenses: TELEPHONE

    total $31,118 · program services $9,273 · management and general $21,845

  • 24d · Other expenses: OTHER

    total $8,754 · program services $3,719 · management and general $2,787 · fundraising $2,248

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $164,615 · end of year $252,947

  • 2 · Savings and temporary cash investments

    beginning of year $934,541 · end of year $941,485

  • 3 · Pledges and grants receivable

    beginning of year $1,038,515 · end of year $1,163,456

  • 8 · Inventories for sale or use

    beginning of year $88,779 · end of year $104,209

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,352 · end of year $4,037

  • 11 · Investments: publicly traded securities

    beginning of year $13,421,207 · end of year $14,676,601

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,273,665 · end of year $1,260,072

  • 18 · Grants payable

    beginning of year $434,312 · end of year $994,090

  • 21 · Escrow or custodial account liability

    beginning of year $3,856 · end of year $3,856

  • 27 · Net assets without donor restrictions

    beginning of year $13,536,618 · end of year $14,442,989

  • 28 · Net assets with donor restrictions

    beginning of year $403,558 · end of year $441,728

Mission and programs · 2024

Mission

THE RESEARCH AND EDUCATION FOUNDATION CONDUCTS MEDICAL RESEARCH, EDUCATION, AND COMMUNITY SERVICES FOR VARIOUS AREAS OF MEDICINE INCLUDING, BUT NOT LIMITED TO, ONCOLOGY RESEARCH, CARDIOVASCULAR RESEARCH, AND HEALTHCARE DELIVERY.

Activities or mission (Part I)

CONDUCT MEDICAL RESEARCH, EDUCATION AND COMMUNITY SERVICE FOR VARIOUS AREAS OF MEDICINE, INCLUDING, BUT NOT LIMITED TO, ONCOLOGY RESEARCH, CARDIOVASCULAR RESEARCH AND HEALTHCARE DELIVERY.

  • HIV CARETHE HIV CARE PROGRAM PROVIDES INTEGRATED PRIMARY AND MULTI-SPECIALTY CARE, ADHERENCE EDUCATION, CASE MANAGEMENT, SUBSTANCE ABUSE SERVICES, MENTAL HEALTH CARE AND PREVENTION INTERVENTIONS FOR PEOPLE LIVING WITH HIV DISEASE.

    Expenses $1,067,147

  • WOMEN'S HEALTHTHE WOMEN'S HEALTH PROGRAM PROVIDES FREE SCREENING MAMMOGRAMS AND CERVICAL SCREENINGS AS WELL AS DIAGNOSTIC FOLLOW-UP SERVICES TO UNINSURED WOMEN, REGARDLESS OF INCOME. FOR WOMEN WHO ARE DIAGNOSED WITH BREAST OR CERVICAL CANCER, SURGERY, TREATMENT, MEDICATIONS AND RECONSTRUCTIVE BREAST SURGERY ARE ALSO PROVIDED.

    Expenses $741,577

  • 340B DRUG PURCHASING PROGRAM - THE FOUNDATION ENTERED INTO AN AGREEMENT WITH A THIRD PARTY TO FACILITATE THE PARTICIPATION IN THE 340B DRUG PURCHASING PROGRAM WITHOUT THE NEED TO ESTABLISH AND OPERATE ITS OWN PHARMACY. OUTPATIENTS OF THE CLINICS WHO ARE ELIGIBLE CAN PURCHASE OR RECEIVE COVERED 340B DRUGS.

    Revenue $7,872,660

  • COMMUNITY OUTREACH, COMMUNITY SCHOLARSHIPS, MEDICAL RESEARCH AND EDUCATION.

    Expenses $1,202,572 · Grants $1,202,572

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Arthur Moswin MD

    DIRECTOR

    Total calculated
    $60,830
    From this org
    $60,830
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Sandra Wilks RN

    DIRECTOR

    Total calculated
    $24,960
    From this org
    $24,960
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • William Chamberlin MD

    DIRECTOR, CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Dennis Levinson MD

    DIRECTOR, TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Alan Schwartzphd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • David B Lieb MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Alan Jackson MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Mark C Shields MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Donna Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Audrey Tatar Mc

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Gabriela Illa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jason Rothstein

    EXECUTIVE DIRECTOR

    Total calculated
    $156,324
    From this org
    $148,653
    From related orgs
    $0
    Other
    $7,671
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,653
    Bonus
    $0
    Other
    $0
    Deferred
    $1,549
    Nontaxable benefits
    $6,122
    Filer's total
    $156,324

  • Lynn P Vocelka

    ASSOC DIRECTOR

    Total calculated
    $162,631
    From this org
    $143,502
    From related orgs
    $0
    Other
    $19,129
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,502
    Bonus
    $0
    Other
    $0
    Deferred
    $4,305
    Nontaxable benefits
    $14,824
    Filer's total
    $162,631

  • Hong Deng

    NURSE CASE MANAGER

    Total calculated
    $122,539
    From this org
    $107,596
    From related orgs
    $0
    Other
    $14,943
    Hours/week
    40

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

  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

Provenance

Return type
form_990
Tax year
2024
Filed
10 July 2026
IRS schema version
2024v5.5
Source object
202641919349300719

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