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Nonprofiteer
← MICHAEL REESE RESEARCH AND EDUCATION FOUNDATION

Form 990 for tax year 2022

Filed by MICHAEL REESE RESEARCH AND EDUCATION FOUNDATION.

Totals

Total revenue
$2,475,281
Total expenses
$2,717,002
Contributions and grants received
$1,384,885
Grants paid
$350,193
Program service revenue
$0
Investment income
-$618,958
Other revenue
$1,709,354
Total assets, end of year
$15,191,603
Total liabilities, end of year
$2,440,669
Net assets or fund balances, end of year
$12,750,934
Program services expenses (Part IX)
$2,073,584
Management and general expenses
$641,838
Fundraising expenses
$1,580
Program service expenses (Part III)
$2,073,584

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)

    $1,348,058

  • 1f · All other contributions, gifts and grants

    $36,827

  • 3 · Investment income

    total $73,062 · excluded $73,062

  • 7a · Gross sales of assets other than inventory

    securities $176,612

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

    securities $868,632

  • 7c · Gain or loss

    securities -$692,020

  • 7d · Net gain or loss

    total -$692,020 · excluded -$692,020

  • 10a · Gross sales of inventory

    $7,094,534

  • 10b · Cost of goods sold

    $5,385,180

  • 10c · Net income from sales of inventory

    total $1,709,354 · related or exempt $1,709,354

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $350,193 · program services $350,193

  • 5 · Compensation of officers, directors and key employees

    total $219,766 · management and general $219,766

  • 7 · Other salaries and wages

    total $307,673 · program services $254,403 · management and general $53,270

  • 8 · Pension plan contributions

    total $9,202 · program services $6,468 · management and general $2,734

  • 9 · Other employee benefits

    total $48,351 · program services $23,447 · management and general $24,904

  • 10 · Payroll taxes

    total $38,285 · program services $18,607 · management and general $19,678

  • 11a · Fees: management

    total $110,141 · program services $110,141

  • 11f · Fees: investment management

    total $108,102 · management and general $108,102

  • 11g · Fees: other

    total $1,148,557 · program services $1,018,282 · management and general $128,695 · fundraising $1,580

  • 16 · Occupancy

    total $76,062 · program services $51,062 · management and general $25,000

  • 19 · Conferences, conventions and meetings

    total $24,555 · program services $14,348 · management and general $10,207

  • 23 · Insurance

    total $29,808 · program services $21,198 · management and general $8,610

  • 24a · Other expenses: PATHOLOGY & RADIOLOGY

    total $88,202 · program services $88,202 · management and general $0 · fundraising $0

  • 24b · Other expenses: SUPPLIES

    total $68,868 · program services $65,553 · management and general $3,315 · fundraising $0

  • 24c · Other expenses: OTHER

    total $63,338 · program services $47,303 · management and general $16,035 · fundraising $0

  • 24d · Other expenses: TELEPHONE

    total $21,553 · program services $2,638 · management and general $18,915 · fundraising $0

  • 24e · All other expenses

    total $4,346 · program services $1,739 · management and general $2,607

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $306,896 · end of year $204,660

  • 2 · Savings and temporary cash investments

    beginning of year $1,046,262 · end of year $810,490

  • 3 · Pledges and grants receivable

    beginning of year $1,272,025 · end of year $1,428,030

  • 8 · Inventories for sale or use

    beginning of year $67,428 · end of year $117,867

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $5,453

  • 11 · Investments: publicly traded securities

    beginning of year $11,805,539 · end of year $12,625,103

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,228,673 · end of year $1,351,780

  • 18 · Grants payable

    beginning of year $1,819,800 · end of year $1,085,033

  • 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 $11,096,160 · end of year $12,368,401

  • 28 · Net assets with donor restrictions

    beginning of year $349,661 · end of year $382,533

Mission and programs · 2022

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 $1,332,952

  • 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 $390,439

  • 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 $7,094,534

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

    Expenses $350,193 · Grants $350,193

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

Listed in Part VII

  • William Clarkphd

    EXECUTIVE DIRECTOR

    Total calculated
    $134,116
    From this org
    $130,118
    From related orgs
    $0
    Other
    $3,998
    Hours/week
    40

  • Arthur Moswin MD

    DIRECTOR

    Total calculated
    $61,820
    From this org
    $61,820
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Sandra Wilks RN

    DIRECTOR

    Total calculated
    $23,830
    From this org
    $23,830
    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

  • Lynn P Vocelka

    ASSOC DIRECTOR

    Total calculated
    $133,091
    From this org
    $125,595
    From related orgs
    $0
    Other
    $7,496
    Hours/week
    40

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
8 July 2024
IRS schema version
2022v5.0
Source object
202431919349300528

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