Form 990 for tax year 2023
Filed by WILLIAM K WARREN MEDICAL RESEARCH CENTER INC.
Totals
- Total revenue
- $11,646,495
- Total expenses
- $3,203,883
- Contributions and grants received
- $8,890,546
- Grants paid
- $338,949
- Program service revenue
- $2,060,171
- Investment income
- $196,201
- Other revenue
- $499,577
- Total assets, end of year
- $357,115,670
- Total liabilities, end of year
- $62,531
- Net assets or fund balances, end of year
- $357,053,139
- Program services expenses (Part IX)
- $2,591,584
- Management and general expenses
- $612,299
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,591,584
Program services were 80.9% 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.
-
1f · All other contributions, gifts and grants
$8,890,546
-
1g · Noncash contributions included above
$278,000
-
2a · Program service revenue: BUILDING RENTALS ADJACENT TO SFHS
total $2,060,171 · related or exempt $2,060,171 · unrelated business $0 · excluded $0
-
3 · Investment income
total $974,620 · excluded $974,620
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $5,448 · excluded $5,448
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $7,659,421
-
7b · Less cost or other basis and sales expenses
securities $8,437,840
-
7c · Gain or loss
securities -$778,419
-
7d · Net gain or loss
total -$778,419 · excluded -$778,419
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: SERVICE FEES
total $63,707 · unrelated business $63,707
-
11b · Other revenue: MISCELLANEOUS
total $454,429 · excluded $430,422
-
11e · Other revenue, total
$494,129
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $338,949 · program services $338,949
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $232,590 · management and general $232,590
-
8 · Pension plan contributions
total $47,104 · management and general $47,104
-
9 · Other employee benefits
total $33,489 · management and general $33,489
-
10 · Payroll taxes
total $17,271 · management and general $17,271
-
11a · Fees: management
total $57,503 · management and general $57,503
-
11b · Fees: legal
total $12,674 · management and general $12,674
-
11c · Fees: accounting
total $32,273 · management and general $32,273
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $115,255 · management and general $115,255
-
11g · Fees: other
total $1,306,762 · program services $1,306,762 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $4,760 · management and general $4,760
-
14 · Information technology
total $3,150 · management and general $3,150
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $662 · management and general $662
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $549,450 · program services $549,080 · management and general $370
-
23 · Insurance
total $17,613 · management and general $17,613
-
24a · Other expenses: AD VALOREM TAXES
total $325,577 · program services $325,577
-
24b · Other expenses: LANDSCAPE & STORMWATER MGMT
total $54,317 · program services $54,317
-
24c · Other expenses: MISCELLANEOUS
total $54,484 · program services $16,899 · management and general $37,585
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,522,787 · end of year $235,631
-
2 · Savings and temporary cash investments
beginning of year $2,259,656 · end of year $7,965,333
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $87,645 · end of year $121,057
-
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 $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$43,159,410
-
10b · Land, buildings and equipment: accumulated depreciation
$31,490
-
10c · Land, buildings and equipment, net
beginning of year $54,859,288 · end of year $43,127,920
-
11 · Investments: publicly traded securities
beginning of year $34,191,679 · end of year $30,170,989
-
12 · Investments: other securities
beginning of year $12,274,531 · end of year $14,585,287
-
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 $250,607,196 · end of year $260,909,453
-
17 · Accounts payable and accrued expenses
beginning of year $7,159,025 · end of year $16,035
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $33,230 · end of year $46,496
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
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 $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $348,610,527 · end of year $357,053,139
Mission and programs · 2023
Mission
TO PROVIDE SUPPORT TO SAINT FRANCIS HEALTH SYSTEM, INC. ("SFHS") BY SUPPORTING MEDICAL RESEARCH AND BY HOLDING, MANAGING, ACQUIRING AND BUILDING ANCILLARY REAL ESTATE FACILITIES SO THAT SFHS CAN FOCUS ON HEALTH CARE DELIVERY.
Activities or mission (Part I)
Provides support to Saint Francis Health System primarily by managing, acquiring, and building ancillary real estate facilities and supporting medical research.
-
Since 1973, The William K. Warren Medical Research Center, Inc. ("WMRC") has helped support Saint Francis Health System, Inc. ("SFHS"). A primary purpose of WMRC is to support SFHS by holding, managing, acquiring and building ancillary real estate facilities so that SFHS can focus on health care delivery. For example, WMRC, both directly and through its 501(c)(2) title holding subsidiary, owns and operates a number of large medical office buildings used by Saint Francis physicians and which house departments of Saint Francis Hospital. WMRC also provides strategic property consulting services and expertise to SFHS in evaluating and planning for future real estate needs.
Expenses $2,591,584 · Grants $338,949 · Revenue $2,060,171
As filed on the 2023 return.
Listed in Part VII
-
T McNultyT MCNULTY
DIRECTOR
- Total calculated
- $518,714
- From this org
- $0
- From related orgs
- $395,176
- Other
- $123,538
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $300,662 related
- Bonus
- $0 + $94,514 related
- Other
- $0
- Deferred
- $0 + $98,178 related
- Nontaxable benefits
- $0 + $25,360 related
- Filer's total
- $0 + $518,714 related
-
D KoschmederD KOSCHMEDER
Information Technology Manager
- Total calculated
- $201,054
- From this org
- $169,690
- From related orgs
- $0
- Other
- $31,364
- Hours/week
- 30 + 10 related
Schedule J breakdown matched by us
- Base
- $149,400
- Bonus
- $20,290
- Other
- $0
- Deferred
- $13,191
- Nontaxable benefits
- $18,173
- Filer's total
- $201,054
-
P GlennP GLENN
Treasurer (Thru 7/2023)
- Total calculated
- $86,537
- From this org
- $0
- From related orgs
- $66,848
- Other
- $19,689
- Hours/week
- 5 + 35 related
-
W K Warren JrW K WARREN JR
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.5
-
J-K C WarrenJ-K C WARREN
TRUSTEE/VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5 + 6 related
-
T CooperT COOPER
PRESIDENT and CEO
- Total calculated
- $0
- Hours/week
- 1 + 10 related
-
P McKee MDP MCKEE MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
C RobertsonC ROBERTSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 39 related
-
J AdamsJ ADAMS
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
D McManusD MCMANUS
ASST SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
J PierceJ PIERCE
Treasurer (Beg 7/2023)
- Total calculated
- $0
- Hours/week
- 1 + 15 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
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
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)
- HEALTH CLUB FEES
- EMPLOYEES ARE ENCOURAGED TO JOIN A NEARBY HEALTH CLUB. THE EMPLOYER PAYS 50% OF THE FEES AND THE EMPLOYEE IS RESPONSIBLE FOR THE REMAINING 50%. THE COST TO THE ORGANIZATION IS APPROXIMATELY $20 PER MONTH PER EMPLOYEE AND IS INCLUDED AS A TAXABLE FRINGE BENEFIT ON RESPECTIVE EMPLOYEE'S W-2.
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
-
SAINT FRANCIS HEALTH SYSTEM INC
$338,949
SFHS School of Nursing
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.
-
WARREN PROFESSIONAL BUILDING CORPORATION
501(C)(2) · SUPPORT SFHS · OK · controlled entity
Directly controlled by WMRC
-
SAINT FRANCIS HEALTH SYSTEM INC
501(c)(3) · HEALTH SYSTEM · OK
Directly controlled by NA
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
Tulsa Townies LLC
SUPPORT SFHS · OK · income $0 · assets $4,807
Directly controlled by WMRC
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
MEDICAL PROF BUILDING SERVICES inc
C CORP · BLDG MAINT · OK · 100% owned · share of income $0 · share of assets $3,744 · controlled entity
Directly controlled by WPBC
-
103 memorial center property owners asso
C Corp · COMMON AREA MAINT · OK · 62.38% owned · share of income $0 · share of assets $0
Directly controlled by WPBC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443209349305684
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