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Nonprofiteer
← MOREHOUSE SCHOOL OF MEDICINE INC

Form 990 for tax year 2022

Filed by MOREHOUSE SCHOOL OF MEDICINE INC.

Totals

Total revenue
$264,329,850
Total expenses
$244,794,417
Contributions and grants received
$227,585,756
Grants paid
$5,585,962
Program service revenue
$29,652,937
Investment income
$3,094,684
Other revenue
$3,996,473
Total assets, end of year
$380,377,100
Total liabilities, end of year
$79,215,580
Net assets or fund balances, end of year
$301,161,520
Program services expenses (Part IX)
$174,942,597
Management and general expenses
$66,823,509
Fundraising expenses
$3,028,311
Program service expenses (Part III)
$174,942,597

Program services were 71.5% 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)

    $154,179,578

  • 1f · All other contributions, gifts and grants

    $73,406,178

  • 1g · Noncash contributions included above

    $221,428

  • 2a · Program service revenue: TUITION AND FEES

    total $29,652,937 · related or exempt $29,652,937

  • 3 · Investment income

    total $3,653,320 · excluded $3,653,320

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

    total $0

  • 5 · Royalties

    total $0

  • 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 $36,151,471

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

    securities $36,710,107

  • 7c · Gain or loss

    securities -$558,636

  • 7d · Net gain or loss

    total -$558,636 · excluded -$558,636

  • 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: OTHER SOURCES

    total $3,996,473 · related or exempt $3,996,473

  • 11e · Other revenue, total

    $3,996,473

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $4,636,062 · program services $4,636,062

  • 3 · Grants to foreign organizations and individuals

    total $949,900 · program services $949,900

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $9,677,295 · program services $2,448,664 · management and general $6,751,277 · fundraising $477,354

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $108,633,248 · program services $93,701,064 · management and general $14,121,383 · fundraising $810,801

  • 8 · Pension plan contributions

    total $8,188,428 · program services $6,273,315 · management and general $1,915,113

  • 9 · Other employee benefits

    total $14,341,446 · program services $10,645,721 · management and general $3,354,183 · fundraising $341,542

  • 10 · Payroll taxes

    total $8,948,782 · program services $6,855,837 · management and general $2,092,945

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $207,035 · program services $9,535 · management and general $197,500

  • 11c · Fees: accounting

    total $30,156 · management and general $30,156

  • 11d · Fees: lobbying

    total $194,683 · management and general $194,683

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $272,094 · management and general $272,094

  • 11g · Fees: other

    total $228,413 · program services $1,615 · management and general $226,798

  • 12 · Advertising and promotion

    total $95,023 · program services $8,380 · management and general $33,728 · fundraising $52,915

  • 13 · Office expenses

    total $1,964,428 · program services $739,275 · management and general $961,547 · fundraising $263,606

  • 14 · Information technology

    total $411,413 · program services $256,592 · management and general $140,827 · fundraising $13,994

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $2,282,307 · program services $55,611 · management and general $2,226,696

  • 17 · Travel

    total $3,903,785 · program services $2,839,899 · management and general $1,054,000 · fundraising $9,886

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $3,697,883 · program services $2,349,936 · management and general $1,108,353 · fundraising $239,594

  • 20 · Interest

    total $6,054 · management and general $6,054

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $6,578,330 · program services $57,205 · management and general $6,521,125

  • 23 · Insurance

    total $0

  • 24a · Other expenses: CONSULTANTS

    total $29,627,759 · program services $17,026,888 · management and general $12,386,440 · fundraising $214,431

  • 24b · Other expenses: SUBCONTRACTS

    total $14,229,099 · program services $14,104,015 · fundraising $125,084

  • 24c · Other expenses: STUDENT SUPPORT

    total $5,111,705 · program services $4,378,601 · management and general $254,000 · fundraising $479,104

  • 24d · Other expenses: OTHER EXPENSES

    total $20,579,089 · program services $7,604,482 · management and general $12,974,607

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,571,987 · end of year $6,071,941

  • 2 · Savings and temporary cash investments

    beginning of year $21,098,715 · end of year $16,088,643

  • 3 · Pledges and grants receivable

    beginning of year $10,576,208 · end of year $12,022,853

  • 4 · Accounts receivable

    beginning of year $50,448,929 · end of year $50,964,273

  • 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 $188,218 · end of year $178,736

  • 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

    $211,405,258

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

    $96,847,171

  • 10c · Land, buildings and equipment, net

    beginning of year $96,722,769 · end of year $114,558,087

  • 11 · Investments: publicly traded securities

    beginning of year $143,778,558 · end of year $150,002,743

  • 12 · Investments: other securities

    beginning of year $356,718 · end of year $369,093

  • 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 $32,193,764 · end of year $30,120,731

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,032,757 · end of year $24,102,331

  • 18 · Grants payable

    beginning of year $303,362 · end of year $303,362

  • 19 · Deferred revenue

    beginning of year $22,817,797 · end of year $26,405,753

  • 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 $29,441,131 · end of year $28,404,134

  • 27 · Net assets without donor restrictions

    beginning of year $98,427,827 · end of year $131,309,495

  • 28 · Net assets with donor restrictions

    beginning of year $177,912,992 · end of year $169,852,025

Listed in Part VII

  • VALERIE MONTGOMERY RICE MD

    PRESIDENT & CEO

    Total calculated
    $1,389,664
    From this org
    $1,314,000
    From related orgs
    $0
    Other
    $75,664
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $950,000
    Bonus
    $364,000
    Other
    $0
    Deferred
    $27,000
    Nontaxable benefits
    $48,664
    Filer's total
    $1,389,664

  • JOSEPH ADRIAN TYNDALL

    EVP HEALTH AFFAIRS & DEAN

    Total calculated
    $854,356
    From this org
    $798,000
    From related orgs
    $0
    Other
    $56,356
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $665,000
    Bonus
    $133,000
    Other
    $0
    Deferred
    $14,521
    Nontaxable benefits
    $41,835
    Filer's total
    $854,356

  • HERMAN TAYLOR

    Prof. & Dir. Cardio. Research

    Total calculated
    $576,805
    From this org
    $502,341
    From related orgs
    $0
    Other
    $74,464
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $502,341
    Bonus
    $0
    Other
    $0
    Deferred
    $27,000
    Nontaxable benefits
    $47,464
    Filer's total
    $576,805

  • ROLAND MATTHEWS MD

    PROF. & Chair Ob & Gynecology

    Total calculated
    $568,998
    From this org
    $497,195
    From related orgs
    $0
    Other
    $71,803
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $497,195
    Bonus
    $0
    Other
    $0
    Deferred
    $30,000
    Nontaxable benefits
    $41,803
    Filer's total
    $568,998

  • ED W CHILDS MD

    PROFESSOR OF SURGERY

    Total calculated
    $553,930
    From this org
    $500,000
    From related orgs
    $0
    Other
    $53,930
    Hours/week
    37.5 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $500,000
    Bonus
    $0
    Other
    $0
    Deferred
    $13,908
    Nontaxable benefits
    $40,022
    Filer's total
    $553,930

  • PATRICIA AYOUNG-CHEE

    ASSOC. PROFESSOR OF SURGERY

    Total calculated
    $552,225
    From this org
    $503,400
    From related orgs
    $0
    Other
    $48,825
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $503,400
    Bonus
    $0
    Other
    $0
    Deferred
    $18,216
    Nontaxable benefits
    $30,609
    Filer's total
    $552,225

  • F JOHN CASE

    EVP Operations & Bus. Affairs

    Total calculated
    $546,862
    From this org
    $470,120
    From related orgs
    $0
    Other
    $76,742
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $422,580
    Bonus
    $47,540
    Other
    $0
    Deferred
    $27,000
    Nontaxable benefits
    $49,742
    Filer's total
    $546,862

  • RICHARD SNYDER MD

    Prof. & Chair Internal Medic.

    Total calculated
    $543,194
    From this org
    $475,647
    From related orgs
    $0
    Other
    $67,547
    Hours/week
    37.5 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $475,647
    Bonus
    $0
    Other
    $0
    Deferred
    $25,984
    Nontaxable benefits
    $41,563
    Filer's total
    $543,194

  • SHANEETA JOHNSON

    Prof. & Interim Chair Surgery

    Total calculated
    $513,054
    From this org
    $459,240
    From related orgs
    $0
    Other
    $53,814
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $459,240
    Bonus
    $0
    Other
    $0
    Deferred
    $20,500
    Nontaxable benefits
    $33,314
    Filer's total
    $513,054

  • ERROL D CROOK

    SENIOR ASSOCIATE DEAN & CMO

    Total calculated
    $506,278
    From this org
    $500,000
    From related orgs
    $0
    Other
    $6,278
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $500,000
    Bonus
    $0
    Other
    $0
    Deferred
    $1,923
    Nontaxable benefits
    $4,355
    Filer's total
    $506,278

  • SANDRA HARRIS-HOOKER PHD

    PROF. & SR. VP for Innovation

    Total calculated
    $499,446
    From this org
    $435,186
    From related orgs
    $0
    Other
    $64,260
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $383,926
    Bonus
    $51,260
    Other
    $0
    Deferred
    $28,585
    Nontaxable benefits
    $35,675
    Filer's total
    $499,446

  • MICHAEL A RAMBERT

    SVP & Gen. Counsel & Corp. Sec

    Total calculated
    $456,060
    From this org
    $381,596
    From related orgs
    $0
    Other
    $74,464
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $342,458
    Bonus
    $39,138
    Other
    $0
    Deferred
    $27,000
    Nontaxable benefits
    $47,464
    Filer's total
    $456,060

  • RICKY A KITTLES

    PROF. & Sr. VP for Research

    Total calculated
    $435,620
    From this org
    $425,000
    From related orgs
    $0
    Other
    $10,620
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $425,000
    Bonus
    $0
    Other
    $0
    Deferred
    $3,923
    Nontaxable benefits
    $6,697
    Filer's total
    $435,620

  • CYNTHIA D LUBITZ

    CHIEF PEOPLE OFFICER

    Total calculated
    $423,722
    From this org
    $370,125
    From related orgs
    $0
    Other
    $53,597
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $357,000
    Bonus
    $13,125
    Other
    $0
    Deferred
    $23,299
    Nontaxable benefits
    $30,298
    Filer's total
    $423,722

  • WALTER D CONWELL

    ASSOCIATE PROF. & CDO

    Total calculated
    $415,569
    From this org
    $394,995
    From related orgs
    $0
    Other
    $20,574
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $374,014
    Bonus
    $20,981
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $20,574
    Filer's total
    $415,569

  • ARTHUR R COLLINS

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    0.5

  • SUSAN GRANT

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5

  • CAREY BAYER PHD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • AARON DENT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • JAVARRO JAY EDWARDS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • JOY FITZGERALD JD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • KIMBERLY S GREENE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • LAWRENCE V JACKSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • FRANK JONES MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • JAMIL JOYNER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • LISA LECOINTE-CEPHAS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • DOUGLAS LOVE ESQ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • THOMAS N MALONE MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • SYLVESTER MCRAE MD ACOG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • WOODROW W MCWILLIAMS III MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • GLENN MITCHELL III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • KIMBERLY EVANS PAIGE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • CLAIRE POMEROY MD MBA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • BARRY SIMPSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • RUSSELL STOKES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • DAVID A THOMAS PHD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • CAMILLE DAVIS-WILLIAMS MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • JOHN WHYTE MD MPH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

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 · 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 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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)

SCHEDULE J, PART I, Line 1a
TYPE OF BENEFIT: HOUSING ALLOWANCE PERSON WHO RECEIVED THE BENEFIT: Dr. Montgomery Rice THE BENEFIT is TREATED AS TAXABLE. THE AMOUNT IS 13,596
SUPPLEMENTAL COMPENSATION INFORMATION - SCHEDULE J, PART II
COLUMN B(III) OTHER REPORTABLE COMPENSATION THIS COLUMN INCLUDES THE FOLLOWING ITEMS: HOUSING ALLOWANCE, AUTO ALLOWANCE, VACATION PAYOUTS, EXECUTIVE SUPPLEMENTAL LIFE ALLOWANCE, ONE-TIME PAY, EXTRA DUTY PAY, RETROACTIVE PAY, AND ADJUSTMENTS TO PAY. COLUMN (C) RETIREMENT AND OTHER DEFERRED COMPENSATION THIS COLUMN INCLUDES EMPLOYER PAID RETIREMENT BENEFIT CONTRIBUTIONS. COLUMN (D) NONTAXABLE BENEFITS THIS COLUMN INCLUDES EMPLOYER PAID BASIC LIFE INSURANCE, BASIC AD&D COVERAGE, MEDICAL, DENTAL, AND VISION HEALTH BENEFITS.

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.

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.

  • MSM Impact LLC

    C Corp · healthcare/RE · GA · 100% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by MSM

Provenance

Return type
form_990
Tax year
2022
Filed
21 March 2024
IRS schema version
2022v5.0
Source object
202400869349301205

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