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← WESTERN RESERVE UNIVERSITY SCHOOL OF MEDICINE ENDOWMENT TRUST

Form 990 for tax year 2023

Filed by WESTERN RESERVE UNIVERSITY SCHOOL OF MEDICINE ENDOWMENT TRUST.

Totals

Total revenue
$923,532
Total expenses
$2,135,363
Contributions and grants received
$0
Grants paid
$1,897,152
Program service revenue
$0
Investment income
$923,532
Other revenue
$0
Total assets, end of year
$33,931,646
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$33,931,646
Program services expenses (Part IX)
$1,942,523
Management and general expenses
$192,840
Fundraising expenses
$0
Program service expenses (Part III)
$1,942,523

Program services were 91.0% 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.

  • 3 · Investment income

    total $779,704 · excluded $779,704

  • 7a · Gross sales of assets other than inventory

    securities $1,639,469

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

    securities $1,495,641

  • 7c · Gain or loss

    securities $143,828

  • 7d · Net gain or loss

    total $143,828 · excluded $143,828

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,897,152 · program services $1,897,152

  • 5 · Compensation of officers, directors and key employees

    total $225,856 · program services $45,171 · management and general $180,685

  • 24a · Other expenses: Foreign Taxes

    total $3,860 · management and general $3,860

  • 24b · Other expenses: Foreign Taxes on Qualified Dividend

    total $6,080 · management and general $6,080

  • 24c · Other expenses: State Filing Fees

    total $200 · program services $200

  • 24d · Other expenses: Foreign Taxes on Non Qualified Div

    total $2,215 · management and general $2,215

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $133,601 · end of year $336,173

  • 11 · Investments: publicly traded securities

    beginning of year $33,631,106 · end of year $33,595,473

  • 29 · Capital stock, trust principal or current funds

    end of year $33,931,646

  • 31 · Retained earnings, endowment or other funds

    beginning of year $33,764,707

Mission and programs · 2023

Mission

SUPPORTING CASE WESTERN RESERVE UNIVERSITY IN CLEVELAND OHIO

  • SUPPORTING THE UNIVERSITY

    Expenses $1,942,523 · Grants $1,897,152

As filed on the 2023 return.

Listed in Part VII

  • Pnc Bank Na

    TRUSTEE

    Total calculated
    $225,857
    From this org
    $225,857
    From related orgs
    $0
    Other
    $0
    Hours/week
    47

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.

Grants 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
10 October 2024
IRS schema version
2023v5.1
Source object
202422899349300032

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