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← FUND FOR MEDICAL RESEARCH AND EDUCATION

Form 990 for tax year 2024

Filed by FUND FOR MEDICAL RESEARCH AND EDUCATION.

Totals

Total revenue
$8,878,198
Total expenses
$6,226,950
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$7,470,731
Investment income
$1,400,186
Other revenue
$7,281
Total assets, end of year
$43,561,617
Total liabilities, end of year
$86,153
Net assets or fund balances, end of year
$43,475,464
Program services expenses (Part IX)
$6,035,074
Management and general expenses
$191,876
Fundraising expenses
$0
Program service expenses (Part III)
$6,035,074

Program services were 96.9% 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.

  • 2a · Program service revenue: SERVICE AGREEMENT INCOME

    total $7,470,731 · related or exempt $7,470,731

  • 3 · Investment income

    total $1,400,186 · excluded $1,400,186

  • 11a · Other revenue: OTHER INCOME

    total $7,281 · related or exempt $7,281

  • 11e · Other revenue, total

    $7,281

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $47,242 · management and general $47,242

  • 11c · Fees: accounting

    total $34,933 · management and general $34,933

  • 11g · Fees: other

    total $87,600 · management and general $87,600

  • 23 · Insurance

    total $18,908 · management and general $18,908

  • 24a · Other expenses: INSTITUTIONAL SUPPORT

    total $5,623,450 · program services $5,623,450

  • 24b · Other expenses: LEASED EMPLOYEES

    total $411,624 · program services $411,624

  • 24c · Other expenses: BANK CHARGES

    total $3,193 · management and general $3,193

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $35,533,342 · end of year $30,273,547

  • 4 · Accounts receivable

    beginning of year $3,413,698 · end of year $6,117,093

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,908 · end of year $19,710

  • 15 · Other assets

    beginning of year $6,462,103 · end of year $7,151,267

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,603,835 · end of year $86,153

  • 27 · Net assets without donor restrictions

    beginning of year $40,824,216 · end of year $43,475,464

Mission and programs · 2024

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 $6,035,074 · Revenue $7,478,012

As filed on the 2024 return.

Listed in Part VII

  • WAEL SAKR MD

    PRESIDENT/CHAIR

    Total calculated
    $878,817
    From this org
    $0
    From related orgs
    $810,816
    Other
    $68,001
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $810,816 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $49,527 related
    Nontaxable benefits
    $0 + $18,474 related
    Filer's total
    $0 + $878,817 related

  • BERNARD COSTELLO MD DMD

    BOARD MEMBER AS OF 12/1/24

    Total calculated
    $0
    Hours/week
    1 + 48 related

  • BETHANY GIELCZYK

    BOARD MEMBER AS OF 12/1/24

    Total calculated
    $393,258
    From this org
    $0
    From related orgs
    $342,098
    Other
    $51,160
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $342,098 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $49,788 related
    Nontaxable benefits
    $0 + $1,372 related
    Filer's total
    $0 + $393,258 related

  • BORIS PACHE

    BOARD MEMBER

    Total calculated
    $520,142
    From this org
    $0
    From related orgs
    $498,994
    Other
    $21,148
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $498,994 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $21,148 related
    Filer's total
    $0 + $520,142 related

  • BRIAN O'NEIL MD

    BOARD MEMBER

    Total calculated
    $544,696
    From this org
    $0
    From related orgs
    $452,001
    Other
    $92,695
    Hours/week
    1 + 24 related

    Schedule J breakdown matched by us

    Base
    $0 + $452,001 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $68,071 related
    Nontaxable benefits
    $0 + $24,624 related
    Filer's total
    $0 + $544,696 related

  • CARMEN LEON MCINTYRE MD

    BOARD MEMBER (INTERIM)

    Total calculated
    $187,695
    From this org
    $0
    From related orgs
    $150,192
    Other
    $37,503
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $150,192 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,772 related
    Nontaxable benefits
    $0 + $23,731 related
    Filer's total
    $0 + $187,695 related

  • DARIUS MEHREGAN MD

    BOARD MEMBER

    Total calculated
    $156,116
    From this org
    $0
    From related orgs
    $149,891
    Other
    $6,225
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $145,960 related
    Bonus
    $0 + $3,931 related
    Other
    $0
    Deferred
    $0 + $5,798 related
    Nontaxable benefits
    $0 + $427 related
    Filer's total
    $0 + $156,116 related

  • DAVID BRYANT MD

    BOARD MEMBER

    Total calculated
    $651,717
    From this org
    $0
    From related orgs
    $629,038
    Other
    $22,679
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $629,038 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $21,900 related
    Nontaxable benefits
    $0 + $779 related
    Filer's total
    $0 + $651,717 related

  • DAVID ROSENBERG MD

    BOARD MEMBER

    Total calculated
    $972,519
    From this org
    $0
    From related orgs
    $890,262
    Other
    $82,257
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $890,262 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $51,601 related
    Nontaxable benefits
    $0 + $30,656 related
    Filer's total
    $0 + $972,519 related

  • DONALD WEAVER MD

    BOARD MEMBER

    Total calculated
    $564,718
    From this org
    $0
    From related orgs
    $466,710
    Other
    $98,008
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $466,710 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $78,786 related
    Nontaxable benefits
    $0 + $19,222 related
    Filer's total
    $0 + $564,718 related

  • ERIC AYERS MD

    BOARD MEMBER (INTERIM)

    Total calculated
    $324,919
    From this org
    $0
    From related orgs
    $293,805
    Other
    $31,114
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $292,711 related
    Bonus
    $0 + $1,094 related
    Other
    $0
    Deferred
    $0 + $20,162 related
    Nontaxable benefits
    $0 + $10,952 related
    Filer's total
    $0 + $324,919 related

  • EZEMENARI OBASI PHD

    BOARD MEMBER AS OF 12/1/24

    Total calculated
    $431,863
    From this org
    $0
    From related orgs
    $375,526
    Other
    $56,337
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $375,526 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $21,837 related
    Filer's total
    $0 + $431,863 related

  • HO-SHENG LIN MD

    BOARD MEMBER

    Total calculated
    $1,421,502
    From this org
    $0
    From related orgs
    $1,317,404
    Other
    $104,098
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,164,136 related
    Bonus
    $0 + $153,268 related
    Other
    $0
    Deferred
    $0 + $85,139 related
    Nontaxable benefits
    $0 + $18,959 related
    Filer's total
    $0 + $1,421,502 related

  • JINPING XU MD

    BOARD MEMBER

    Total calculated
    $468,002
    From this org
    $0
    From related orgs
    $418,269
    Other
    $49,733
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $418,269 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $30,752 related
    Nontaxable benefits
    $0 + $18,981 related
    Filer's total
    $0 + $468,002 related

  • LAURIE CLABO PHD

    BOARD MEMBER AS OF 12/1/24

    Total calculated
    $534,188
    From this org
    $0
    From related orgs
    $496,413
    Other
    $37,775
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $496,413 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $35,700 related
    Nontaxable benefits
    $0 + $2,075 related
    Filer's total
    $0 + $534,188 related

  • MARIA ZESTOS MD

    BOARD MEMBER

    Total calculated
    $72,955
    From this org
    $0
    From related orgs
    $64,887
    Other
    $8,068
    Hours/week
    1 + 48 related

  • MARK JUZYCH MD MHSA

    BOARD MEMBER

    Total calculated
    $1,066,527
    From this org
    $0
    From related orgs
    $1,014,901
    Other
    $51,626
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,014,901 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $21,739 related
    Nontaxable benefits
    $0 + $29,887 related
    Filer's total
    $0 + $1,066,527 related

  • MAYSSA BASHA MD

    BOARD MEMBER

    Total calculated
    $490,018
    From this org
    $0
    From related orgs
    $452,013
    Other
    $38,005
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $439,750 related
    Bonus
    $0 + $12,263 related
    Other
    $0
    Deferred
    $0 + $36,807 related
    Nontaxable benefits
    $0 + $1,198 related
    Filer's total
    $0 + $490,018 related

  • MICHAEL L CHER MD

    BOARD MEMBER

    Total calculated
    $576,319
    From this org
    $0
    From related orgs
    $494,802
    Other
    $81,517
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $470,248 related
    Bonus
    $0 + $24,554 related
    Other
    $0
    Deferred
    $0 + $73,924 related
    Nontaxable benefits
    $0 + $7,593 related
    Filer's total
    $0 + $576,319 related

  • RAFIC BEYDOUN MD

    BOARD MEMBER (INTERIM)

    Total calculated
    $459,296
    From this org
    $0
    From related orgs
    $430,519
    Other
    $28,777
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $430,519 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $21,489 related
    Nontaxable benefits
    $0 + $7,288 related
    Filer's total
    $0 + $459,296 related

  • RAHUL VAIDYA MD

    BOARD MEMBER (INTERIM)

    Total calculated
    $164,169
    From this org
    $0
    From related orgs
    $164,169
    Other
    $0
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $164,169 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $164,169 related

  • SAFWAN BADR MD

    BOARD MEMBER

    Total calculated
    $801,232
    From this org
    $0
    From related orgs
    $740,238
    Other
    $60,994
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $740,238 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $49,424 related
    Nontaxable benefits
    $0 + $11,570 related
    Filer's total
    $0 + $801,232 related

  • SAMUEL JOHNSON MD

    BOARD MEMBER

    Total calculated
    $194,557
    From this org
    $0
    From related orgs
    $194,557
    Other
    $0
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $194,557 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $194,557 related

  • HERMAN GRAY MD

    BOARD MEMBER THRU 3/7/25

    Total calculated
    $635,313
    From this org
    $0
    From related orgs
    $582,871
    Other
    $52,442
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $582,871 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $17,942 related
    Filer's total
    $0 + $635,313 related

  • MARK GAFFNEY

    BOARD MEMBER THRU 12/1/25

    Total calculated
    $0
    Hours/week
    0

  • BRIAN BARNHILL

    BOARD MEMBER THRU 12/1/25

    Total calculated
    $0
    Hours/week
    0

  • THANE PETERSON MPA

    TREASURER/CFO

    Total calculated
    $374,440
    From this org
    $0
    From related orgs
    $320,623
    Other
    $53,817
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $320,623 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $23,722 related
    Nontaxable benefits
    $0 + $30,095 related
    Filer's total
    $0 + $374,440 related

  • JAMIE KRUEGER PHD

    SECRETARY AS OF 2/20/25

    Total calculated
    $220,395
    From this org
    $0
    From related orgs
    $191,697
    Other
    $28,698
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $191,697 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $15,618 related
    Nontaxable benefits
    $0 + $13,080 related
    Filer's total
    $0 + $220,395 related

  • MARK SCHWEITZER MD MHSA

    FORMER PRESIDENT/CHAIR

    Total calculated
    $879,259
    From this org
    $0
    From related orgs
    $770,927
    Other
    $108,332
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $770,927 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $87,025 related
    Nontaxable benefits
    $0 + $21,307 related
    Filer's total
    $0 + $879,259 related

  • STEPHEN LANIER PHD

    FORMER VICE PRESIDENT/BOAR

    Total calculated
    $363,292
    From this org
    $0
    From related orgs
    $308,483
    Other
    $54,809
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $305,451 related
    Bonus
    $0 + $3,032 related
    Other
    $0
    Deferred
    $0 + $30,545 related
    Nontaxable benefits
    $0 + $24,264 related
    Filer's total
    $0 + $363,292 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
2024
Filed
14 August 2026
IRS schema version
2024v5.5
Source object
202612299349300216

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