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Nonprofiteer
← MEHARRY MEDICAL COLLEGE

Form 990 for tax year 2023

Filed by MEHARRY MEDICAL COLLEGE.

Totals

Total revenue
$239,291,509
Total expenses
$219,707,320
Contributions and grants received
$131,178,962
Grants paid
$3,635,758
Program service revenue
$77,079,469
Investment income
$7,091,742
Other revenue
$23,941,336
Total assets, end of year
$484,692,786
Total liabilities, end of year
$122,054,433
Net assets or fund balances, end of year
$362,638,353
Program services expenses (Part IX)
$136,811,130
Management and general expenses
$78,254,556
Fundraising expenses
$4,641,634
Program service expenses (Part III)
$136,811,130

Program services were 62.3% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $78,369,414

  • 1f · All other contributions, gifts and grants

    $52,809,548

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Tuition and Fees

    total $55,195,579 · related or exempt $55,195,579 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Sales and Service of Edu Depts

    total $2,168,495 · related or exempt $2,168,495 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Net Patient Service Revenue

    total $6,312,717 · related or exempt $6,312,717 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: Contractual Healthcare

    total $13,402,678 · related or exempt $13,402,678 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $7,091,742 · related or exempt $7,091,742 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11a · Other revenue: Other Soruces

    total $9,677,085 · related or exempt $9,677,085 · unrelated business $0 · excluded $0

  • 11b · Other revenue: College Non-operating items

    total $695,655 · related or exempt $695,655 · unrelated business $0 · excluded $0

  • 11c · Other revenue: Net Gain (loss) on Investments

    total $13,568,596 · related or exempt $13,568,596 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $23,941,336

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $3,635,758 · program services $3,635,758

  • 5 · Compensation of officers, directors and key employees

    total $5,956,720 · program services $2,842,615 · management and general $2,647,911 · fundraising $466,194

  • 7 · Other salaries and wages

    total $87,468,627 · program services $62,482,059 · management and general $22,999,052 · fundraising $1,987,516

  • 8 · Pension plan contributions

    total $2,063,240 · program services $1,473,848 · management and general $542,510 · fundraising $46,882

  • 9 · Other employee benefits

    total $9,897,655 · program services $7,070,259 · management and general $2,602,495 · fundraising $224,901

  • 10 · Payroll taxes

    total $5,753,646 · program services $4,110,041 · management and general $1,512,867 · fundraising $130,738

  • 11a · Fees: management

    total $33,267,636 · program services $17,795,871 · management and general $14,169,728 · fundraising $1,302,037

  • 11b · Fees: legal

    total $1,596,773 · program services -$17,251 · management and general $1,614,024 · fundraising $0

  • 11c · Fees: accounting

    total $136,260 · program services $10 · management and general $136,250 · fundraising $0

  • 11g · Fees: other

    total $2,949,788 · program services $2,729,424 · management and general $205,364 · fundraising $15,000

  • 12 · Advertising and promotion

    total $99,832 · program services $76,808 · management and general $23,024 · fundraising $0

  • 13 · Office expenses

    total $12,721,485 · program services $7,704,376 · management and general $4,915,299 · fundraising $101,810

  • 14 · Information technology

    total $7,486,042 · program services $1,538,920 · management and general $5,943,683 · fundraising $3,439

  • 16 · Occupancy

    total $7,950,445 · program services $4,933,251 · management and general $2,861,365 · fundraising $155,829

  • 17 · Travel

    total $2,679,244 · program services $1,998,788 · management and general $588,746 · fundraising $91,710

  • 19 · Conferences, conventions and meetings

    total $573,986 · program services $498,462 · management and general $75,524 · fundraising $0

  • 20 · Interest

    total $2,076,271 · program services $22 · management and general $2,076,249 · fundraising $0

  • 23 · Insurance

    total $1,857,311 · program services $1,152,462 · management and general $668,446 · fundraising $36,403

  • 24a · Other expenses: Membership Dues

    total $1,305,424 · program services $761,287 · management and general $498,746 · fundraising $45,391

  • 24e · All other expenses

    total $30,231,177 · program services $16,024,120 · management and general $14,173,273 · fundraising $33,784

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $30,263,360 · end of year $50,378,956

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $11,274,513 · end of year $35,786,433

  • 4 · Accounts receivable

    beginning of year $53,858,004 · end of year $67,823,395

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $57,396 · end of year $69,985

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,035,654 · end of year $2,286,747

  • 10a · Land, buildings and equipment: cost or other basis

    $325,806,058

  • 10b · Land, buildings and equipment: accumulated depreciation

    $192,854,941

  • 10c · Land, buildings and equipment, net

    beginning of year $171,664,607 · end of year $132,951,117

  • 11 · Investments: publicly traded securities

    beginning of year $155,373,459 · end of year $167,504,113

  • 12 · Investments: other securities

    beginning of year $25,335,760 · end of year $26,919,060

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $2,090,016 · end of year $972,980

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,592,973 · end of year $14,518,716

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $12,294,670 · end of year $17,899,747

  • 20 · Tax-exempt bond liabilities

    beginning of year $59,904,564 · end of year $61,239,819

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $17,518,527 · end of year $12,078,712

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $5,587,871 · end of year $16,317,439

  • 27 · Net assets without donor restrictions

    beginning of year $113,435,574 · end of year $122,312,566

  • 28 · Net assets with donor restrictions

    beginning of year $229,618,590 · end of year $240,325,787

Mission and programs · 2023

Mission

To improve the health and healthcare of minority and underserved communities by offering excellent education and training programs in the health sciences; delivering high quality health services; and advancing health equity through innovative research that fosters the elimination of health disparities.

  • Professional Education: Education of students in the fields of medicine, dentistry, public health, medical science and allied health profession, and data sciences. Degrees conferred include: MD, DDS, MHS, MSPH, MSDS, MSBDS and PhD. (Number of Graduates from the programs: 299).

    Expenses $69,144,345 · Grants $3,635,758 · Revenue $57,364,074

  • Health Care Delivery and Management, General/Other: General healthcare delivery, primary and specialty care, dental and mental healthcare. (Number of patient encounters in the year: 71,891).

    Expenses $25,419,508 · Revenue $19,715,395

  • Medical Research, General/Other: The organization does research in a number of major areas (Cancer, Cardiovascular, Neuroscience, Seat belt Safety, along with research training, and HIV disease, Infectious disease, Women's health, community engagement) with a primary focus on health disparities research. (Number of new grants for the year: 48).

    Expenses $20,466,945

  • Public, Society Benefit Programs, General/Other: Funds expended for activities that are established primarily to provide non-instructional services beneficial to individuals and groups external to the institution. Cost of providing health services to the community. (Number of patient encounters for year: 71,891).

    Expenses $21,780,332

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • LaMel Bandy-Neal

    Senior VP Finance / CFO

    Total calculated
    $917,083
    From this org
    $888,612
    From related orgs
    $0
    Other
    $28,471
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $888,612
    Bonus
    $50,000
    Other
    $0
    Deferred
    $22,500
    Nontaxable benefits
    $28,471
    Filer's total
    $989,583

  • James E K Hildreth

    President/CEO

    Total calculated
    $881,852
    From this org
    $856,746
    From related orgs
    $0
    Other
    $25,106
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $856,746
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $25,106
    Filer's total
    $881,852

  • Michelle Nichols

    Senior VP Clinical Affairs and GME

    Total calculated
    $579,317
    From this org
    $572,095
    From related orgs
    $0
    Other
    $7,222
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $572,095
    Bonus
    $50,000
    Other
    $0
    Deferred
    $22,500
    Nontaxable benefits
    $7,222
    Filer's total
    $651,817

  • Jeannette South-Paul

    Exec VP and Provost/ Former Trustee

    Total calculated
    $550,000
    From this org
    $550,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $550,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $550,000

  • Peter E Millet

    Executive Vice President

    Total calculated
    $514,570
    From this org
    $482,245
    From related orgs
    $0
    Other
    $32,325
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $482,245
    Bonus
    $40,000
    Other
    $0
    Deferred
    $22,500
    Nontaxable benefits
    $32,325
    Filer's total
    $577,070

  • Ivanetta D Samuels

    Senior VP/ General Counsel

    Total calculated
    $506,826
    From this org
    $473,247
    From related orgs
    $0
    Other
    $33,579
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $473,247
    Bonus
    $70,000
    Other
    $0
    Deferred
    $22,500
    Nontaxable benefits
    $33,579
    Filer's total
    $599,326

  • Anil Shanker

    Sr Vice President Research and Innovation

    Total calculated
    $502,388
    From this org
    $466,194
    From related orgs
    $0
    Other
    $36,194
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $466,194
    Bonus
    $80,000
    Other
    $0
    Deferred
    $22,500
    Nontaxable benefits
    $36,194
    Filer's total
    $604,888

  • Charae Farmer

    Dean School of Dentistry

    Total calculated
    $491,760
    From this org
    $461,384
    From related orgs
    $0
    Other
    $30,376
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $461,384
    Bonus
    $40,000
    Other
    $0
    Deferred
    $22,500
    Nontaxable benefits
    $30,376
    Filer's total
    $554,260

  • Carlton Adams

    Chair Surgery/Trustee

    Total calculated
    $475,939
    From this org
    $439,660
    From related orgs
    $0
    Other
    $36,279
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $439,660
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $36,279
    Filer's total
    $475,939

  • Daniel Dawes

    SVP/ Exec Director School of Global Health

    Total calculated
    $447,833
    From this org
    $428,869
    From related orgs
    $0
    Other
    $18,964
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $428,869
    Bonus
    $0
    Other
    $0
    Deferred
    $22,500
    Nontaxable benefits
    $18,964
    Filer's total
    $470,333

  • Muyiwa Adedokun

    Asst Professor Surgery

    Total calculated
    $417,708
    From this org
    $400,818
    From related orgs
    $0
    Other
    $16,890
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $400,818
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $16,890
    Filer's total
    $417,708

  • Digna S Forbes

    Interim Dean School of Medicine

    Total calculated
    $409,146
    From this org
    $390,339
    From related orgs
    $0
    Other
    $18,807
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $390,339
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $18,807
    Filer's total
    $409,146

  • Merry Lindsey

    Dean School of Graduate Studies

    Total calculated
    $395,027
    From this org
    $381,499
    From related orgs
    $0
    Other
    $13,528
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $381,499
    Bonus
    $0
    Other
    $0
    Deferred
    $22,500
    Nontaxable benefits
    $13,528
    Filer's total
    $417,527

  • Fortune Mhlanga

    Dean School of Applied Computational Sciences

    Total calculated
    $382,395
    From this org
    $366,726
    From related orgs
    $0
    Other
    $15,669
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $366,726
    Bonus
    $0
    Other
    $0
    Deferred
    $22,500
    Nontaxable benefits
    $15,669
    Filer's total
    $404,895

  • Lloyda Williamson

    Chair Psychiatry

    Total calculated
    $374,362
    From this org
    $341,530
    From related orgs
    $0
    Other
    $32,832
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $341,530
    Bonus
    $50,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $32,832
    Filer's total
    $424,362

  • Richard Fremont

    Chair Internal Medicine

    Total calculated
    $371,072
    From this org
    $342,195
    From related orgs
    $0
    Other
    $28,877
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $342,195
    Bonus
    $23,333
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $28,877
    Filer's total
    $394,405

  • Asiyanbola Bolanle

    Asst Professor Surgery

    Total calculated
    $343,803
    From this org
    $337,363
    From related orgs
    $0
    Other
    $6,440
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $337,363
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $6,440
    Filer's total
    $343,803

  • Saletta Holloway

    Asst Corp Sec /SVP Board Relations

    Total calculated
    $289,803
    From this org
    $258,150
    From related orgs
    $0
    Other
    $31,653
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $258,150
    Bonus
    $25,000
    Other
    $0
    Deferred
    $22,500
    Nontaxable benefits
    $31,653
    Filer's total
    $337,303

  • Duane Smoot

    Professor Internal Medicine

    Total calculated
    $253,691
    From this org
    $235,269
    From related orgs
    $0
    Other
    $18,422
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $235,269
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $18,422
    Filer's total
    $253,691

  • Sonja Harris-Haywood

    Dean School of Medicine

    Total calculated
    $238,358
    From this org
    $231,369
    From related orgs
    $0
    Other
    $6,989
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $231,369
    Bonus
    $0
    Other
    $0
    Deferred
    $9,375
    Nontaxable benefits
    $6,989
    Filer's total
    $247,733

  • Juan McGruder

    Sr Vice President Institutional Advancement

    Total calculated
    $166,215
    From this org
    $165,923
    From related orgs
    $0
    Other
    $292
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,923
    Bonus
    $0
    Other
    $0
    Deferred
    $22,500
    Nontaxable benefits
    $292
    Filer's total
    $188,715

  • Marquetta Faulkner

    Former Dean School of Medicine (Retired)

    Total calculated
    $70,479
    From this org
    $64,084
    From related orgs
    $0
    Other
    $6,395
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $64,083
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $6,395
    Filer's total
    $70,478

  • Dr Nelson L Adams III

    Chairman

    Total calculated
    $0
    Hours/week
    0

  • Milton H Jones Jr

    Vice Chairman

    Total calculated
    $0
    Hours/week
    0

  • Dr Brandon Barton Jr

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Dr Destini Black

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Christian Boone

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Kevin Bryant

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Cynthia Day

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Dr Coyness L Ennix Jr

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Rev Roland Fernandes

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Dr Eric A Floyd

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Dr Bianca Frederick

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Dr Dawn B Griffin

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Dr Lewis Hargett

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Dr Ethel Harris

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Aubrey Harwell Jr

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Dr Martin D Jeffries

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Dr Collis Johnson

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Dr Audrey J Murrell

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Edgar G Rios

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Dr Thomas A Scott

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Dr Edith Smith-Rayford

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • James E Williams

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Dr Kenneth Williams

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Lorenzo Williams

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Dr Robert L Williams Jr

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Carol H Williams-Hood

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Dr Kevin Woods

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • M Inez Crutchfield

    Trustee Emeritus

    Total calculated
    $0
    Hours/week
    0

  • Dr Frank S Royal Sr

    Trustee Emeritus

    Total calculated
    $0
    Hours/week
    0

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

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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)

Schedule J, Part I, Line 1a
The compensation package paid to the President/CEO is approved by the executive committee of the Board of Trustees.
Schedule J, Part I, Line 4
The organization sponsors a loan regime split dollar arrangement. See Schedule L, Part II.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • MMCV Inc

    C · Misc Financial Investment Activities · TN · 100% owned

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202541359349314334

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