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 BarnhillBRIAN BARNHILL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 48 related
-
Brian O'Neil MDBRIAN 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 MDCARMEN 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 MDDARIUS 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 MDDAVID 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 MDDAVID 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 MassaronDAVID 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 MDDONALD 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 MDHERMAN 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 MDHO-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 MDJINPING 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 PacheBORIS 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 MDMARIA 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 GaffneyMARK GAFFNEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 48 related
-
Mark Juzych MD MhsaMARK 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 MDMAYSSA 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 MDMICHAEL 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 MDRAFIC 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 MDRAHUL 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 MDSAFWAN 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 MDSAMUEL 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 PhDTIMOTHY 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 MDWAEL 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 MpaTHANE 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 MhsaMARK 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 PhDSTEPHEN 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 MDJACK 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 WeathersNATASHA 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.
-
WAYNE STATE UNIVERSITY SCHOOL OF MEDICINE
501(C)(3) · EDUCATIONAL INSTITUTION · MI
-
501(C)(3) · MEDICAL · MI
-
501(C)(3) · PEDIATRIC MEDICAL SERVICES · MI
-
501(C)(3) · PUBLIC UNIVERSITY · MI
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 August 2025
- IRS schema version
- 2023v6.0
- Source object
- 202522279349302117
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