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Nonprofiteer
← FUND FOR MEDICAL RESEARCH AND EDUCATION

Form 990 for tax year 2023

Filed by FUND FOR MEDICAL RESEARCH AND EDUCATION.

Totals

Total revenue
$49,452,671
Total expenses
$5,323,379
Contributions and grants received
$39,967,967
Grants paid
$0
Program service revenue
$7,792,798
Investment income
$1,691,906
Other revenue
$0
Total assets, end of year
$45,428,051
Total liabilities, end of year
$4,603,835
Net assets or fund balances, end of year
$40,824,216
Program services expenses (Part IX)
$5,095,250
Management and general expenses
$228,129
Fundraising expenses
$0
Program service expenses (Part III)
$5,095,250

Program services were 95.7% 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.

  • 1d · Related organizations

    $39,967,967

  • 2a · Program service revenue: SERVICE AGREEMENT INCOME

    total $7,792,798 · related or exempt $7,792,798

  • 3 · Investment income

    total $1,691,906 · excluded $1,691,906

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $51,702 · management and general $51,702

  • 11c · Fees: accounting

    total $68,100 · management and general $68,100

  • 11g · Fees: other

    total $87,100 · management and general $87,100

  • 23 · Insurance

    total $18,315 · management and general $18,315

  • 24a · Other expenses: INSTITUTIONAL SUPPORT

    total $4,641,843 · program services $4,641,843

  • 24b · Other expenses: LEASED EMPLOYEES

    total $453,407 · program services $453,407

  • 24c · Other expenses: BANK CHARGES

    total $2,912 · management and general $2,912

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $31,378,176 · end of year $35,533,342

  • 4 · Accounts receivable

    beginning of year $3,357,335 · end of year $3,413,698

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,322 · end of year $18,908

  • 15 · Other assets

    beginning of year $5,540,610 · end of year $6,462,103

  • 17 · Accounts payable and accrued expenses

    beginning of year $43,246,471 · end of year $4,603,835

  • 24 · Unsecured notes and loans payable

    beginning of year $359,048 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$3,305,076 · end of year $40,824,216

Mission and programs · 2023

Mission

ASSIST THE WAYNE STATE UNIVERSITY SCHOOL OF MEDICINE AND ITS FACULTY IN MEETING THE SCHOOL'S PRIMARY GOALS OF RESEARCH, EDUCATION AND ASSOCIATED PATIENT CARE AND TO ENHANCE THE RECRUITMENT AND RETENTION OF MEDICAL FACULTY OF THE HIGHEST QUALITY.

  • GENERAL AND DEPARTMENTAL MEDICAL RESEARCH AND EDUCATION.

    Expenses $5,095,250 · Revenue $7,792,798

As filed on the 2023 return.

Listed in Part VII

  • Brian Barnhill

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 48 related
  • Brian O'Neil MD

    BOARD MEMBER

    Total calculated
    $533,945
    From this org
    $0
    From related orgs
    $474,002
    Other
    $59,943
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $474,002 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $26,943 related
    Filer's total
    $0 + $533,945 related
  • Carmen Leon McIntyre MD

    BOARD MEMBER (INTERIM)

    Total calculated
    $185,492
    From this org
    $0
    From related orgs
    $146,639
    Other
    $38,853
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $146,639 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,414 related
    Nontaxable benefits
    $0 + $25,439 related
    Filer's total
    $0 + $185,492 related
  • Darius Mehregan MD

    BOARD MEMBER

    Total calculated
    $156,518
    From this org
    $0
    From related orgs
    $147,949
    Other
    $8,569
    Hours/week
    1 + 24 related

    Schedule J breakdown matched by us

    Base
    $0 + $142,234 related
    Bonus
    $0 + $5,715 related
    Other
    $0
    Deferred
    $0 + $8,126 related
    Nontaxable benefits
    $0 + $443 related
    Filer's total
    $0 + $156,518 related
  • David Bryant MD

    BOARD MEMBER

    Total calculated
    $648,355
    From this org
    $0
    From related orgs
    $625,434
    Other
    $22,921
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $625,434 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $21,000 related
    Nontaxable benefits
    $0 + $1,921 related
    Filer's total
    $0 + $648,355 related
  • David Rosenberg MD

    BOARD MEMBER

    Total calculated
    $952,338
    From this org
    $0
    From related orgs
    $871,626
    Other
    $80,712
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $871,626 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $47,814 related
    Nontaxable benefits
    $0 + $32,898 related
    Filer's total
    $0 + $952,338 related
  • David Massaron

    BOARD MEMBER THRU 12/15/23

    Total calculated
    $375,832
    From this org
    $0
    From related orgs
    $339,479
    Other
    $36,353
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $339,479 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $34,980 related
    Nontaxable benefits
    $0 + $1,373 related
    Filer's total
    $0 + $375,832 related
  • Donald Weaver MD

    BOARD MEMBER

    Total calculated
    $523,780
    From this org
    $0
    From related orgs
    $429,369
    Other
    $94,411
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $429,369 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $76,147 related
    Nontaxable benefits
    $0 + $18,264 related
    Filer's total
    $0 + $523,780 related
  • Herman Gray MD

    BOARD MEMBER

    Total calculated
    $618,305
    From this org
    $0
    From related orgs
    $567,200
    Other
    $51,105
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $567,200 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $18,105 related
    Filer's total
    $0 + $618,305 related
  • Ho-Sheng Lin MD

    BOARD MEMBER

    Total calculated
    $1,380,928
    From this org
    $0
    From related orgs
    $1,288,598
    Other
    $92,330
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,135,598 related
    Bonus
    $0 + $153,000 related
    Other
    $0
    Deferred
    $0 + $74,439 related
    Nontaxable benefits
    $0 + $17,891 related
    Filer's total
    $0 + $1,380,928 related
  • Jinping Xu MD

    BOARD MEMBER

    Total calculated
    $448,667
    From this org
    $0
    From related orgs
    $401,555
    Other
    $47,112
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $401,555 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $29,220 related
    Nontaxable benefits
    $0 + $17,892 related
    Filer's total
    $0 + $448,667 related
  • Boris Pache

    BOARD MEMBER

    Total calculated
    $392,050
    From this org
    $0
    From related orgs
    $332,385
    Other
    $59,665
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $332,385 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $26,665 related
    Filer's total
    $0 + $392,050 related
  • Maria Zestos MD

    BOARD MEMBER

    Total calculated
    $71,029
    From this org
    $0
    From related orgs
    $63,143
    Other
    $7,886
    Hours/week
    1 + 48 related
  • Mark Gaffney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 48 related
  • Mark Juzych MD Mhsa

    BOARD MEMBER

    Total calculated
    $1,074,694
    From this org
    $0
    From related orgs
    $1,021,592
    Other
    $53,102
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,021,592 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $21,116 related
    Nontaxable benefits
    $0 + $31,986 related
    Filer's total
    $0 + $1,074,694 related
  • Mayssa Basha MD

    BOARD MEMBER (INTERIM)

    Total calculated
    $460,433
    From this org
    $0
    From related orgs
    $425,514
    Other
    $34,919
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $409,836 related
    Bonus
    $0 + $15,678 related
    Other
    $0
    Deferred
    $0 + $32,765 related
    Nontaxable benefits
    $0 + $2,154 related
    Filer's total
    $0 + $460,433 related
  • Michael L Cher MD

    BOARD MEMBER

    Total calculated
    $595,717
    From this org
    $0
    From related orgs
    $514,096
    Other
    $81,621
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $483,101 related
    Bonus
    $0 + $30,995 related
    Other
    $0
    Deferred
    $0 + $74,107 related
    Nontaxable benefits
    $0 + $7,514 related
    Filer's total
    $0 + $595,717 related
  • Rafic Beydoun MD

    BOARD MEMBER (INTERIM)

    Total calculated
    $524,154
    From this org
    $0
    From related orgs
    $517,000
    Other
    $7,154
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $427,000 related
    Bonus
    $0 + $90,000 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $7,154 related
    Filer's total
    $0 + $524,154 related
  • Rahul Vaidya MD

    BOARD MEMBER (INTERIM)

    Total calculated
    $159,755
    From this org
    $0
    From related orgs
    $159,755
    Other
    $0
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $159,755 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $159,755 related
  • Safwan Badr MD

    BOARD MEMBER

    Total calculated
    $760,514
    From this org
    $0
    From related orgs
    $703,091
    Other
    $57,423
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $703,091 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $44,878 related
    Nontaxable benefits
    $0 + $12,545 related
    Filer's total
    $0 + $760,514 related
  • Samuel Johnson MD

    BOARD MEMBER

    Total calculated
    $207,094
    From this org
    $0
    From related orgs
    $207,094
    Other
    $0
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $207,094 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $207,094 related
  • Timothy Stemmler PhD

    BOARD MEMBER THRU 1/31/24

    Total calculated
    $362,852
    From this org
    $0
    From related orgs
    $312,338
    Other
    $50,514
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $312,338 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $31,234 related
    Nontaxable benefits
    $0 + $19,280 related
    Filer's total
    $0 + $362,852 related
  • Wael Sakr MD

    PRESIDENT/CHAIR

    Total calculated
    $866,109
    From this org
    $0
    From related orgs
    $799,387
    Other
    $66,722
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $799,387 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $48,000 related
    Nontaxable benefits
    $0 + $18,722 related
    Filer's total
    $0 + $866,109 related
  • Thane Peterson Mpa

    TREASURER/CFO

    Total calculated
    $357,315
    From this org
    $0
    From related orgs
    $306,000
    Other
    $51,315
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $306,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $19,140 related
    Nontaxable benefits
    $0 + $32,175 related
    Filer's total
    $0 + $357,315 related
  • Mark Schweitzer MD Mhsa

    FORMER PRESIDENT/CHAIR

    Total calculated
    $863,523
    From this org
    $0
    From related orgs
    $756,824
    Other
    $106,699
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $756,824 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $85,525 related
    Nontaxable benefits
    $0 + $21,174 related
    Filer's total
    $0 + $863,523 related
  • Stephen Lanier PhD

    FORMER VICE PRESIDENT/BOAR

    Total calculated
    $358,356
    From this org
    $0
    From related orgs
    $302,041
    Other
    $56,315
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $302,041 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $30,204 related
    Nontaxable benefits
    $0 + $26,111 related
    Filer's total
    $0 + $358,356 related
  • Jack Sobel MD

    FORMER PRESIDENT/CHAIR

    Total calculated
    $420,185
    From this org
    $0
    From related orgs
    $367,766
    Other
    $52,419
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $359,160 related
    Bonus
    $0 + $8,606 related
    Other
    $0
    Deferred
    $0 + $34,850 related
    Nontaxable benefits
    $0 + $17,569 related
    Filer's total
    $0 + $420,185 related
  • Natasha Weathers

    FORMER CFO

    Total calculated
    $164,035
    From this org
    $0
    From related orgs
    $124,446
    Other
    $39,589
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $124,446 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $26,341 related
    Nontaxable benefits
    $0 + $13,248 related
    Filer's total
    $0 + $164,035 related

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

None.

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

The filer's explanations (Part III)

PART I, LINE 3:
THE PRESIDENT IS AN EMPLOYEE OF RELATED ORGANIZATIONS. HIS COMPENSATION IS DETERMINED BY THE RELATED ORGANIZATIONS.

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
15 August 2025
IRS schema version
2023v6.0
Source object
202522279349302117

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