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Nonprofiteer
← MEDSTAR HEALTH RESEARCH INSTITUTE INC

Form 990 for tax year 2022

Filed by MEDSTAR HEALTH RESEARCH INSTITUTE INC.

Totals

Total revenue
$52,774,409
Total expenses
$63,252,010
Contributions and grants received
$2,608,332
Grants paid
$0
Program service revenue
$26,596,748
Investment income
$395,306
Other revenue
$23,174,023
Total assets, end of year
$40,740,989
Total liabilities, end of year
$10,288,713
Net assets or fund balances, end of year
$30,452,276
Program services expenses (Part IX)
$59,064,894
Management and general expenses
$4,187,116
Fundraising expenses
$0
Program service expenses (Part III)
$59,064,894

Program services were 93.4% 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

    $2,608,332

  • 1g · Noncash contributions included above

    $266,717

  • 2a · Program service revenue: RESEARCH INCOME

    total $26,596,748 · related or exempt $26,596,748

  • 3 · Investment income

    total $206,019 · excluded $206,019

  • 7a · Gross sales of assets other than inventory

    securities $189,287

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

    securities $0

  • 7c · Gain or loss

    securities $189,287

  • 7d · Net gain or loss

    total $189,287 · excluded $189,287

  • 11a · Other revenue: FUNDAMENTAL RESEARCH I

    total $22,228,540 · related or exempt $22,228,540

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $832,600 · excluded $832,600

  • 11c · Other revenue: REBATE INCOME

    total $112,883 · excluded $112,883

  • 11e · Other revenue, total

    $23,174,023

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,684,971 · program services $1,433,323 · management and general $251,648

  • 7 · Other salaries and wages

    total $36,323,801 · program services $29,403,421 · management and general $6,920,380

  • 8 · Pension plan contributions

    total $606,038 · management and general $606,038

  • 9 · Other employee benefits

    total $3,549,155 · program services $5,736,275 · management and general -$2,187,120

  • 10 · Payroll taxes

    total $2,346,380 · program services $606 · management and general $2,345,774

  • 11a · Fees: management

    total $5,201,247 · management and general $5,201,247

  • 11b · Fees: legal

    total $12,982 · management and general $12,982

  • 11g · Fees: other

    total $8,685,517 · program services $19,427,658 · management and general -$10,742,141

  • 12 · Advertising and promotion

    total $405 · program services $405

  • 13 · Office expenses

    total $303,404 · program services $282,587 · management and general $20,817

  • 16 · Occupancy

    total $1,412,607 · program services $1,021,175 · management and general $391,432

  • 17 · Travel

    total $110,359 · program services $91,196 · management and general $19,163

  • 19 · Conferences, conventions and meetings

    total $123,570 · program services $113,972 · management and general $9,598

  • 22 · Depreciation, depletion and amortization

    total $835,275 · management and general $835,275

  • 23 · Insurance

    total $57,122 · program services $14,000 · management and general $43,122

  • 24a · Other expenses: MED/SURG SUPPLIES

    total $619,482 · program services $547,304 · management and general $72,178

  • 24b · Other expenses: MAINTENANCE

    total $239,297 · program services $108,467 · management and general $130,830

  • 24c · Other expenses: UTILITIES

    total $198,887 · program services $131,925 · management and general $66,962

  • 24d · Other expenses: FOOD SERVICE

    total $19,720 · program services $61,259 · management and general -$41,539

  • 24e · All other expenses

    total $921,791 · program services $691,321 · management and general $230,470

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,302 · end of year $7,300

  • 4 · Accounts receivable

    beginning of year $25,262,083 · end of year $18,879,122

  • 9 · Prepaid expenses and deferred charges

    beginning of year $95,953 · end of year $95,472

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

    $11,769,663

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

    $8,600,600

  • 10c · Land, buildings and equipment, net

    beginning of year $3,487,409 · end of year $3,169,063

  • 12 · Investments: other securities

    beginning of year $15,146,054 · end of year $16,676,727

  • 15 · Other assets

    beginning of year $2,791,506 · end of year $1,913,305

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,232,159 · end of year $7,200,902

  • 19 · Deferred revenue

    beginning of year $1,865,654 · end of year $2,158,490

  • 25 · Other liabilities

    beginning of year $1,604,666 · end of year $929,321

  • 27 · Net assets without donor restrictions

    beginning of year $15,666,485 · end of year $15,344,854

  • 28 · Net assets with donor restrictions

    beginning of year $21,419,343 · end of year $15,107,422

Mission and programs · 2022

Mission

SEE SCHEDULE O

Activities or mission (Part I)

SEE SCHEDULE OMEDSTAR HEALTH RESEARCH INSTITUTE IS DEDICATED TO SUPPORTING THE ACADEMIC PLATFORM OF MEDSTAR HEALTH BY CONDUCTING HIGH QUALITY TRANSLATIONAL AND HEALTH SCIENCES RESEARCH THROUGHOUT THE MEDSTAR SYSTEM.

  • SEE SCHEDULE O

    Expenses $40,308,295 · Revenue $30,975,784

  • SEE SCHEDULE OMEDSTAR HEALTH RESEARCH INSTITUTE'S HEALTHCARE DELIVERY RESEARCH IS RESPONSIBLE FOR COORDINATING AND PERFORMING RESEARCH ON ALL ASPECTS OF HEALTHCARE DELIVERY (QUALITY, SAFETY, ACCESSIBILITY, EQUITY, ETC.) ACROSS THE ENTIRE MEDSTAR HEALTH SYSTEM. SPECIFICALLY, THE RESEARCH IS AIMED TO IMPROVE THE WAY WE DELIVER CARE IN OUR HEALTHCARE FACILITIES AND IN THE COMMUNITY. MUCH OF THE RESEARCH HAS FOCUSED ON USING HUMAN FACTORS ENGINEERING PRINCIPLES, COMMUNITY ENGAGEMENT (SUCH AS HOW TO REDUCE INFANT AND MATERNAL MORTALITY), SAFETY OF ELECTRONIC HEALTH RECORD USE AND IDENTIFYING UNINTENDED CONSEQUENCES, IMPROVED IMPLEMENTATION IN POPULATION HEALTH AND HOW TO ACHIEVE HEALTH EQUITY FOR ALL ASPECTS OF OUR COMMUNITY. FROM JANUARY 2022 TO JUNE 2023, MEDSTAR HEALTH LEAD MORE THAN 200 STUDIES FOCUSED ON HEALTH EQUITY AND PUBLISHED MORE THAN 85 PEER-REVIEWED RESEARCH PUBLICATIONS IN LEADING MEDICAL JOURNALS.

    Expenses $18,291,743 · Revenue $17,326,080

  • CARDIOVASCULAR RESEARCH IS RESPONSIBLE FOR COORDINATING AND PERFORMING A WIDE VARIETY OF CARDIOLOGY RESEARCH DEDICATED TO DEVELOPING NEW DIAGNOSTIC AND THERAPEUTIC TECHNOLOGIES TO ENHANCE PATIENT CARE AND SAVE LIVES. AREAS OF SPECIALIZATION INCLUDE INTERVENTIONAL CARDIOLOGY DEVICES, CARDIOVASCULAR IMAGING AND APPLICATIONS OF ARTIFICIAL INTELLIGENCE, HEART FAILURE, ARRYTHMIAS AND OUTCOMES RESEARCH.

    Expenses $464,856 · Revenue $523,424

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • STEPHEN RT EVANS MD

    DIRECTOR

    Total calculated
    $2,560,320
    From this org
    $0
    From related orgs
    $2,499,820
    Other
    $60,500
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,198,328 related
    Bonus
    $0 + $1,301,492 related
    Other
    $0
    Deferred
    $0 + $20,064 related
    Nontaxable benefits
    $0 + $40,436 related
    Filer's total
    $0 + $2,560,320 related

  • SARAH GREENE MPH

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • SPIROS DIMOLITSAS PHD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SOO Y BANG MSHA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BARBARA B MITTLEMAN MD

    DIRECTOR (UNTIL 10/2022)

    Total calculated
    $0
    Hours/week
    1

  • CRAIG H LIPSET

    DIRECTOR (UNTIL 10/2022)

    Total calculated
    $0
    Hours/week
    1

  • EDWARD B HEALTON MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • FRED BUTLER JR

    DIRECTOR (AS OF 9/2022)

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY B LEE

    DIRECTOR (AS OF 9/2022)

    Total calculated
    $0
    Hours/week
    1

  • PAMELA TENAERTS MD

    DIRECTOR (AS OF 9/2022)

    Total calculated
    $0
    Hours/week
    1

  • TAMIKA AUGUSTE MD

    DIRECTOR (AS OF 9/2022)

    Total calculated
    $640,544
    From this org
    $611,498
    From related orgs
    $0
    Other
    $29,046
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $604,357
    Bonus
    $7,141
    Other
    $0
    Deferred
    $12,287
    Nontaxable benefits
    $16,759
    Filer's total
    $640,544

  • DANA H FRANK MD

    DIRECTOR (UNTIL 10/2022)

    Total calculated
    $438,496
    From this org
    $0
    From related orgs
    $413,258
    Other
    $25,238
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $356,604 related
    Bonus
    $0 + $56,654 related
    Other
    $0
    Deferred
    $0 + $8,700 related
    Nontaxable benefits
    $0 + $16,538 related
    Filer's total
    $0 + $438,496 related

  • NEIL J WEISSMAN MD

    PRESIDENT/DIRECTOR

    Total calculated
    $1,044,427
    From this org
    $987,484
    From related orgs
    $0
    Other
    $56,943
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $543,611
    Bonus
    $443,873
    Other
    $0
    Deferred
    $23,041
    Nontaxable benefits
    $33,902
    Filer's total
    $1,044,427

  • JONATHAN M YOUNG PHD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DEREK GRIFFITH PHD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PRENTICE PARRISH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANAND SHAH MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVEN SMITH MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALLISON RESCHOVSKY

    SECRETARY

    Total calculated
    $276,598
    From this org
    $0
    From related orgs
    $267,260
    Other
    $9,338
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $219,366 related
    Bonus
    $0 + $47,894 related
    Other
    $0
    Deferred
    $0 + $7,632 related
    Nontaxable benefits
    $0 + $1,706 related
    Filer's total
    $0 + $276,598 related

  • WILLIAM GAYNE

    TREASURER

    Total calculated
    $528,536
    From this org
    $0
    From related orgs
    $498,568
    Other
    $29,968
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $331,420 related
    Bonus
    $0 + $167,148 related
    Other
    $0
    Deferred
    $0 + $8,700 related
    Nontaxable benefits
    $0 + $21,268 related
    Filer's total
    $0 + $528,536 related

  • FEDERICO ASCH MD

    SCIENTIFIC DIRECTOR

    Total calculated
    $537,946
    From this org
    $514,369
    From related orgs
    $0
    Other
    $23,577
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $514,369
    Bonus
    $0
    Other
    $0
    Deferred
    $9,764
    Nontaxable benefits
    $13,813
    Filer's total
    $537,946

  • RAJ RATWANI PHD

    VP SCIENTIFIC AFFAIRS

    Total calculated
    $427,956
    From this org
    $417,484
    From related orgs
    $0
    Other
    $10,472
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $340,437
    Bonus
    $77,047
    Other
    $0
    Deferred
    $8,700
    Nontaxable benefits
    $1,772
    Filer's total
    $427,956

  • SETH KREVAT MD

    MEDICAL DOCTOR

    Total calculated
    $366,574
    From this org
    $348,453
    From related orgs
    $0
    Other
    $18,121
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $348,453
    Bonus
    $0
    Other
    $0
    Deferred
    $8,700
    Nontaxable benefits
    $9,421
    Filer's total
    $366,574

  • MICHELLE MAGEE MD

    MEDICAL DOCTOR

    Total calculated
    $368,896
    From this org
    $342,522
    From related orgs
    $0
    Other
    $26,374
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $293,357
    Bonus
    $49,165
    Other
    $0
    Deferred
    $25,175
    Nontaxable benefits
    $1,199
    Filer's total
    $368,896

  • JASON UMANS MD

    SCIENTIFIC DIRECTOR

    Total calculated
    $345,333
    From this org
    $326,416
    From related orgs
    $0
    Other
    $18,917
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $274,797
    Bonus
    $51,619
    Other
    $0
    Deferred
    $8,063
    Nontaxable benefits
    $10,854
    Filer's total
    $345,333

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 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 III
DETAILED BELOW ARE SEVERAL ONE-TIME PAYMENTS TO CERTAIN EXECUTIVES RELATED TO VARIOUS RETIREMENT, RETENTION AND LONG-TERM INCENTIVE PLANS. THESE PLANS AND PAYMENTS ARE NOT A ROUTINE PART OF THE TYPICAL MEDSTAR EXECUTIVE COMPENSATION PROGRAM, AND SUPPORTED IMPORTANT OBJECTIVES OF OUR ORGANIZATION. WILLIAM GAYNE'S COMPENSATION IS FOR SERVICES PROVIDED AS CFO TO BOTH MEDSTAR WASHINGTON HOSPITAL CENTER AND MEDSTAR HEALTH RESEARCH INSTITUTE. ALLISON RESCHOVSKY'S COMPENSATION IS FOR SERVICES PROVIDED AS ATTORNEY TO MEDSTAR-GEORGETOWN MEDICAL CENTER, MEDSTAR HEALTH RESEARCH INSTITUTE, AND MEDSTAR NATIONAL REHABILITATION NETWORK.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
2 May 2024
IRS schema version
2022v5.0
Source object
202421289349301202

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