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← FUND FOR MEDICAL RESEARCH AND EDUCATION

Form 990 for tax year 2022

Filed by FUND FOR MEDICAL RESEARCH AND EDUCATION.

Totals

Total revenue
$8,667,498
Total expenses
$4,384,126
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$7,641,761
Investment income
$1,025,737
Other revenue
$0
Total assets, end of year
$40,300,443
Total liabilities, end of year
$43,605,519
Net assets or fund balances, end of year
-$3,305,076
Program services expenses (Part IX)
$4,258,363
Management and general expenses
$125,763
Fundraising expenses
$0
Program service expenses (Part III)
$4,258,363

Program services were 97.1% 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.

  • 2a · Program service revenue: SERVICE AGREEMENT INCOME

    total $7,641,761 · related or exempt $7,641,761

  • 3 · Investment income

    total $1,025,737 · excluded $1,025,737

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $60,018 · management and general $60,018

  • 11c · Fees: accounting

    total $18,095 · management and general $18,095

  • 11g · Fees: other

    total $27,200 · management and general $27,200

  • 23 · Insurance

    total $17,553 · management and general $17,553

  • 24a · Other expenses: INSTITUTIONAL SUPPORT

    total $3,593,106 · program services $3,593,106

  • 24b · Other expenses: LEASED EMPLOYEES

    total $665,257 · program services $665,257

  • 24c · Other expenses: BANK CHARGES

    total $2,897 · management and general $2,897

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $30,243,597 · end of year $31,378,176

  • 4 · Accounts receivable

    beginning of year $3,365,570 · end of year $3,357,335

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,025 · end of year $24,322

  • 15 · Other assets

    beginning of year $4,659,382 · end of year $5,540,610

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,562,806 · end of year $43,246,471

  • 24 · Unsecured notes and loans payable

    beginning of year $360,000 · end of year $359,048

  • 27 · Net assets without donor restrictions

    beginning of year -$6,637,232 · end of year -$3,305,076

Mission and programs · 2022

Mission

ASSIST THE WAYNE STATE UNIVERSITY SCHOOL OF MEDICINE AND ITS FACULTY IN MEETING THE SCHOOL'S PRIMARY GOALS OF RESEARCH, EDUCATION AND ASSOCIATED PATIENT CARE AND TO ENHANCE THE RECRUITMENT AND RETENTION OF MEDICAL FACULTY OF THE HIGHEST QUALITY.

  • GENERAL AND DEPARTMENTAL MEDICAL RESEARCH AND EDUCATION.

    Expenses $4,258,363 · Revenue $7,641,761

As filed on the 2022 return.

Listed in Part VII

  • Brian Barnhill

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 48 related

  • Brian O'Neil MD

    BOARD MEMBER

    Total calculated
    $545,324
    From this org
    $0
    From related orgs
    $484,965
    Other
    $60,359
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $473,092 related
    Bonus
    $0 + $11,873 related
    Other
    $0
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $29,859 related
    Filer's total
    $0 + $545,324 related

  • Carmen Leon McIntyre MD

    BOARD MEMBER (INTERIM)

    Total calculated
    $182,634
    From this org
    $0
    From related orgs
    $143,431
    Other
    $39,203
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $140,385 related
    Bonus
    $0 + $3,046 related
    Other
    $0
    Deferred
    $0 + $15,906 related
    Nontaxable benefits
    $0 + $23,297 related
    Filer's total
    $0 + $182,634 related

  • Darius Mehregan MD

    BOARD MEMBER

    Total calculated
    $161,824
    From this org
    $0
    From related orgs
    $144,742
    Other
    $17,082
    Hours/week
    1 + 24 related

    Schedule J breakdown matched by us

    Base
    $0 + $142,616 related
    Bonus
    $0 + $2,126 related
    Other
    $0
    Deferred
    $0 + $16,779 related
    Nontaxable benefits
    $0 + $303 related
    Filer's total
    $0 + $161,824 related

  • David Bryant MD

    BOARD MEMBER

    Total calculated
    $475,611
    From this org
    $0
    From related orgs
    $453,005
    Other
    $22,606
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $418,779 related
    Bonus
    $0 + $34,226 related
    Other
    $0
    Deferred
    $0 + $20,765 related
    Nontaxable benefits
    $0 + $1,841 related
    Filer's total
    $0 + $475,611 related

  • David Rosenberg MD

    BOARD MEMBER

    Total calculated
    $953,586
    From this org
    $0
    From related orgs
    $879,363
    Other
    $74,223
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $837,747 related
    Bonus
    $0 + $41,616 related
    Other
    $0
    Deferred
    $0 + $44,153 related
    Nontaxable benefits
    $0 + $30,070 related
    Filer's total
    $0 + $953,586 related

  • David Massaron

    BOARD MEMBER

    Total calculated
    $395,757
    From this org
    $0
    From related orgs
    $347,197
    Other
    $48,560
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $338,697 related
    Bonus
    $0 + $8,500 related
    Other
    $0
    Deferred
    $0 + $47,430 related
    Nontaxable benefits
    $0 + $1,130 related
    Filer's total
    $0 + $395,757 related

  • Donald Weaver MD

    BOARD MEMBER

    Total calculated
    $594,561
    From this org
    $0
    From related orgs
    $537,160
    Other
    $57,401
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $495,733 related
    Bonus
    $0 + $41,427 related
    Other
    $0
    Deferred
    $0 + $41,169 related
    Nontaxable benefits
    $0 + $16,232 related
    Filer's total
    $0 + $594,561 related

  • Herman Gray MD

    BOARD MEMBER

    Total calculated
    $626,824
    From this org
    $0
    From related orgs
    $580,096
    Other
    $46,728
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $565,894 related
    Bonus
    $0 + $14,202 related
    Other
    $0
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $16,228 related
    Filer's total
    $0 + $626,824 related

  • Ho-Sheng Lin MD

    BOARD MEMBER

    Total calculated
    $1,323,386
    From this org
    $0
    From related orgs
    $1,229,535
    Other
    $93,851
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,068,513 related
    Bonus
    $0 + $161,022 related
    Other
    $0
    Deferred
    $0 + $77,856 related
    Nontaxable benefits
    $0 + $15,995 related
    Filer's total
    $0 + $1,323,386 related

  • Jinping Xu MD

    BOARD MEMBER

    Total calculated
    $301,208
    From this org
    $0
    From related orgs
    $259,357
    Other
    $41,851
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $253,007 related
    Bonus
    $0 + $6,350 related
    Other
    $0
    Deferred
    $0 + $25,936 related
    Nontaxable benefits
    $0 + $15,915 related
    Filer's total
    $0 + $301,208 related

  • Joseph Uberti MD

    BOARD MEMBER (INTERIM)

    Total calculated
    $568,430
    From this org
    $0
    From related orgs
    $505,716
    Other
    $62,714
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $424,612 related
    Bonus
    $0 + $81,104 related
    Other
    $0
    Deferred
    $0 + $38,854 related
    Nontaxable benefits
    $0 + $23,860 related
    Filer's total
    $0 + $568,430 related

  • Maria Zestos MD

    BOARD MEMBER

    Total calculated
    $72,482
    From this org
    $0
    From related orgs
    $64,579
    Other
    $7,903
    Hours/week
    1 + 48 related

  • Mark Gaffney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 48 related

  • Mark Juzych MD Mhsa

    BOARD MEMBER

    Total calculated
    $1,064,371
    From this org
    $0
    From related orgs
    $1,013,451
    Other
    $50,920
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,008,164 related
    Bonus
    $0 + $5,287 related
    Other
    $0
    Deferred
    $0 + $21,596 related
    Nontaxable benefits
    $0 + $29,324 related
    Filer's total
    $0 + $1,064,371 related

  • Mayssa Basha MD

    BOARD MEMBER (INTERIM)

    Total calculated
    $510,788
    From this org
    $0
    From related orgs
    $428,894
    Other
    $81,894
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $394,730 related
    Bonus
    $0 + $34,164 related
    Other
    $0
    Deferred
    $0 + $80,202 related
    Nontaxable benefits
    $0 + $1,692 related
    Filer's total
    $0 + $510,788 related

  • Michael L Cher MD

    BOARD MEMBER

    Total calculated
    $584,534
    From this org
    $0
    From related orgs
    $523,135
    Other
    $61,399
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $500,823 related
    Bonus
    $0 + $22,312 related
    Other
    $0
    Deferred
    $0 + $54,719 related
    Nontaxable benefits
    $0 + $6,680 related
    Filer's total
    $0 + $584,534 related

  • Rafic Beydoun MD

    BOARD MEMBER INTERIM

    Total calculated
    $450,164
    From this org
    $0
    From related orgs
    $382,500
    Other
    $67,664
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $367,500 related
    Bonus
    $0 + $15,000 related
    Other
    $0
    Deferred
    $0 + $61,000 related
    Nontaxable benefits
    $0 + $6,664 related
    Filer's total
    $0 + $450,164 related

  • Rahul Vaidya MD

    BOARD MEMBER (INTERIM)

    Total calculated
    $30,038
    From this org
    $0
    From related orgs
    $30,038
    Other
    $0
    Hours/week
    1 + 48 related

  • Safwan Badr MD

    BOARD MEMBER

    Total calculated
    $762,418
    From this org
    $0
    From related orgs
    $706,085
    Other
    $56,333
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $699,852 related
    Bonus
    $0 + $6,233 related
    Other
    $0
    Deferred
    $0 + $39,004 related
    Nontaxable benefits
    $0 + $17,329 related
    Filer's total
    $0 + $762,418 related

  • Samuel Johnson MD

    BOARD MEMBER

    Total calculated
    $37,788
    From this org
    $0
    From related orgs
    $37,788
    Other
    $0
    Hours/week
    1 + 48 related

  • Timothy Stemmler PhD

    BOARD MEMBER

    Total calculated
    $297,294
    From this org
    $0
    From related orgs
    $254,688
    Other
    $42,606
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $246,868 related
    Bonus
    $0 + $7,820 related
    Other
    $0
    Deferred
    $0 + $25,469 related
    Nontaxable benefits
    $0 + $17,137 related
    Filer's total
    $0 + $297,294 related

  • Wael Sakr MD

    PRESIDENT/CHAIR

    Total calculated
    $847,068
    From this org
    $0
    From related orgs
    $772,927
    Other
    $74,141
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $762,927 related
    Bonus
    $0 + $10,000 related
    Other
    $0
    Deferred
    $0 + $57,500 related
    Nontaxable benefits
    $0 + $16,641 related
    Filer's total
    $0 + $847,068 related

  • Janice Timchuck

    SECRETARY

    Total calculated
    $155,042
    From this org
    $0
    From related orgs
    $119,784
    Other
    $35,258
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $116,851 related
    Bonus
    $0 + $2,933 related
    Other
    $0
    Deferred
    $0 + $11,978 related
    Nontaxable benefits
    $0 + $23,280 related
    Filer's total
    $0 + $155,042 related

  • Thane Peterson Mpa

    TREASURER/CFO

    Total calculated
    $371,463
    From this org
    $0
    From related orgs
    $321,478
    Other
    $49,985
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $304,828 related
    Bonus
    $0 + $16,650 related
    Other
    $0
    Deferred
    $0 + $20,467 related
    Nontaxable benefits
    $0 + $29,518 related
    Filer's total
    $0 + $371,463 related

  • Stanley Berry MD

    FORMER BOARD MEMBER

    Total calculated
    $517,800
    From this org
    $0
    From related orgs
    $479,218
    Other
    $38,582
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $479,218 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $8,082 related
    Filer's total
    $0 + $517,800 related

  • Stephen Lanier PhD

    FORMER VICE PRESIDENT/BOARD MEMBER

    Total calculated
    $481,989
    From this org
    $0
    From related orgs
    $414,219
    Other
    $67,770
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $406,639 related
    Bonus
    $0 + $7,580 related
    Other
    $0
    Deferred
    $0 + $41,130 related
    Nontaxable benefits
    $0 + $26,640 related
    Filer's total
    $0 + $481,989 related

  • Mark Schweitzer MD Mhsa

    FORMER PRESIDENT/CHAIR

    Total calculated
    $895,799
    From this org
    $0
    From related orgs
    $790,852
    Other
    $104,947
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $778,162 related
    Bonus
    $0 + $12,690 related
    Other
    $0
    Deferred
    $0 + $85,830 related
    Nontaxable benefits
    $0 + $19,117 related
    Filer's total
    $0 + $895,799 related

  • Jack Sobel MD

    FORMER PRESIDENT/CHAIR

    Total calculated
    $404,758
    From this org
    $0
    From related orgs
    $356,378
    Other
    $48,380
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $356,378 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $32,300 related
    Nontaxable benefits
    $0 + $16,080 related
    Filer's total
    $0 + $404,758 related

  • Natasha Weathers

    FORMER CFO

    Total calculated
    $188,990
    From this org
    $0
    From related orgs
    $154,441
    Other
    $34,549
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $150,316 related
    Bonus
    $0 + $4,125 related
    Other
    $0
    Deferred
    $0 + $18,496 related
    Nontaxable benefits
    $0 + $16,053 related
    Filer's total
    $0 + $188,990 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

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

The filer's explanations (Part III)

PART I, LINE 3:
THE PRESIDENT IS AN EMPLOYEE OF RELATED ORGANIZATIONS. HIS COMPENSATION IS DETERMINED BY THE RELATED ORGANIZATIONS.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
14 August 2024
IRS schema version
2022v5.0
Source object
202442279349302324

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