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Nonprofiteer
← MICHAEL REESE RESEARCH AND EDUCATION FOUNDATION

Form 990 for tax year 2023

Filed by MICHAEL REESE RESEARCH AND EDUCATION FOUNDATION.

Totals

Total revenue
$2,595,772
Total expenses
$2,842,382
Contributions and grants received
$1,502,980
Grants paid
$228,100
Program service revenue
$0
Investment income
-$274,573
Other revenue
$1,367,365
Total assets, end of year
$15,652,009
Total liabilities, end of year
$1,711,833
Net assets or fund balances, end of year
$13,940,176
Program services expenses (Part IX)
$2,168,665
Management and general expenses
$673,717
Fundraising expenses
$0
Program service expenses (Part III)
$2,168,665

Program services were 76.3% 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.

  • 1e · Government grants (contributions)

    $1,496,067

  • 1f · All other contributions, gifts and grants

    $6,913

  • 3 · Investment income

    total $116,095 · excluded $116,095

  • 7a · Gross sales of assets other than inventory

    securities $12,844,936

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

    securities $13,235,604

  • 7c · Gain or loss

    securities -$390,668

  • 7d · Net gain or loss

    total -$390,668 · excluded -$390,668

  • 10a · Gross sales of inventory

    $7,133,105

  • 10b · Cost of goods sold

    $5,770,662

  • 10c · Net income from sales of inventory

    total $1,362,443 · related or exempt $1,362,443

  • 11a · Other revenue: OTHER INCOME

    total $4,922 · excluded $4,922

  • 11e · Other revenue, total

    $4,922

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $228,100 · program services $228,100

  • 5 · Compensation of officers, directors and key employees

    total $166,921 · management and general $166,921

  • 7 · Other salaries and wages

    total $559,640 · program services $354,129 · management and general $205,511

  • 8 · Pension plan contributions

    total $55,739 · program services $25,156 · management and general $30,583

  • 10 · Payroll taxes

    total $43,216 · program services $19,504 · management and general $23,712

  • 11a · Fees: management

    total $115,051 · program services $115,051

  • 11c · Fees: accounting

    total $66,509 · management and general $66,509

  • 11f · Fees: investment management

    total $115,059 · management and general $115,059

  • 11g · Fees: other

    total $1,072,249 · program services $1,067,075 · management and general $5,174

  • 16 · Occupancy

    total $89,159 · program services $64,159 · management and general $25,000

  • 19 · Conferences, conventions and meetings

    total $23,545 · program services $20,413 · management and general $3,132

  • 23 · Insurance

    total $43,229 · program services $34,409 · management and general $8,820

  • 24a · Other expenses: PATHOLOGY & RADIOLOGY

    total $114,598 · program services $114,598

  • 24b · Other expenses: SUPPLIES

    total $90,865 · program services $88,841 · management and general $2,024

  • 24c · Other expenses: OTHER

    total $31,728 · program services $31,407 · management and general $321

  • 24d · Other expenses: TELEPHONE

    total $23,920 · program services $3,849 · management and general $20,071

  • 24e · All other expenses

    total $2,854 · program services $1,974 · management and general $880

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $204,660 · end of year $164,615

  • 2 · Savings and temporary cash investments

    beginning of year $810,490 · end of year $934,541

  • 3 · Pledges and grants receivable

    beginning of year $1,428,030 · end of year $1,038,515

  • 8 · Inventories for sale or use

    beginning of year $117,867 · end of year $88,779

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,453 · end of year $4,352

  • 11 · Investments: publicly traded securities

    beginning of year $12,625,103 · end of year $13,421,207

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,351,780 · end of year $1,273,665

  • 18 · Grants payable

    beginning of year $1,085,033 · end of year $434,312

  • 21 · Escrow or custodial account liability

    beginning of year $3,856 · end of year $3,856

  • 27 · Net assets without donor restrictions

    beginning of year $12,368,401 · end of year $13,536,618

  • 28 · Net assets with donor restrictions

    beginning of year $382,533 · end of year $403,558

Mission and programs · 2023

Mission

THE RESEARCH AND EDUCATION FOUNDATION CONDUCTS MEDICAL RESEARCH, EDUCATION, AND COMMUNITY SERVICES FOR VARIOUS AREAS OF MEDICINE INCLUDING, BUT NOT LIMITED TO, ONCOLOGY RESEARCH, CARDIOVASCULAR RESEARCH, AND HEALTHCARE DELIVERY.

Activities or mission (Part I)

CONDUCT MEDICAL RESEARCH, EDUCATION AND COMMUNITY SERVICE FOR VARIOUS AREAS OF MEDICINE, INCLUDING, BUT NOT LIMITED TO, ONCOLOGY RESEARCH, CARDIOVASCULAR RESEARCH AND HEALTHCARE DELIVERY.

  • HIV CARETHE HIV CARE PROGRAM PROVIDES INTEGRATED PRIMARY AND MULTI-SPECIALTY CARE, ADHERENCE EDUCATION, CASE MANAGEMENT, SUBSTANCE ABUSE SERVICES, MENTAL HEALTH CARE AND PREVENTION INTERVENTIONS FOR PEOPLE LIVING WITH HIV DISEASE.

    Expenses $1,507,217 · Grants $228,100

  • WOMEN'S HEALTHTHE WOMEN'S HEALTH PROGRAM PROVIDES FREE SCREENING MAMMOGRAMS AND CERVICAL SCREENINGS AS WELL AS DIAGNOSTIC FOLLOW-UP SERVICES TO UNINSURED WOMEN, REGARDLESS OF INCOME. FOR WOMEN WHO ARE DIAGNOSED WITH BREAST OR CERVICAL CANCER, SURGERY, TREATMENT, MEDICATIONS AND RECONSTRUCTIVE BREAST SURGERY ARE ALSO PROVIDED.

    Expenses $356,381

  • 340B DRUG PURCHASING PROGRAM - THE FOUNDATION ENTERED INTO AN AGREEMENT WITH A THIRD PARTY TO FACILITATE THE PARTICIPATION IN THE 340B DRUG PURCHASING PROGRAM WITHOUT THE NEED TO ESTABLISH AND OPERATE ITS OWN PHARMACY. OUTPATIENTS OF THE CLINICS WHO ARE ELIGIBLE CAN PURCHASE OR RECEIVE COVERED 340B DRUGS.

    Revenue $7,133,105

  • COMMUNITY OUTREACH, COMMUNITY SCHOLARSHIPS AND FUND AN ENDOWMENT FOR CARDIOVASCULAR PHARMACOTHERPY.

    Expenses $305,067

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

Listed in Part VII

  • Arthur Moswin MD

    DIRECTOR

    Total calculated
    $14,960
    From this org
    $14,960
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Sandra Wilks RN

    DIRECTOR

    Total calculated
    $24,960
    From this org
    $24,960
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • William Chamberlin MD

    DIRECTOR, CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Dennis Levinson MD

    DIRECTOR, TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Alan Schwartzphd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • David B Lieb MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Alan Jackson MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Mark C Shields MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Donna Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Audrey Tatar Mc

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Gabriela Illa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jason Rothstein-9123

    EXECUTIVE DIRECTOR

    Total calculated
    $46,159
    From this org
    $46,159
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Lynn P Vocelka

    ASSOC DIRECTOR

    Total calculated
    $132,733
    From this org
    $132,733
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Hong Deng

    NURSE CASE MANAGER

    Total calculated
    $103,648
    From this org
    $103,648
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • William Clarkphd-Thru 83123

    FORMER EXECUTIVE DIRECTOR

    Total calculated
    $147,757
    From this org
    $144,297
    From related orgs
    $0
    Other
    $3,460
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,297
    Bonus
    $0
    Other
    $0
    Deferred
    $3,460
    Nontaxable benefits
    $0
    Filer's total
    $147,757

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

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

Provenance

Return type
form_990
Tax year
2023
Filed
8 July 2025
IRS schema version
2023v6.0
Source object
202531899349301128

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