Form 990 for tax year 2023
Filed by THE MEDICAL COLLEGE OF WISCONSIN INC.
Totals
- Total revenue
- $1,607,441,142
- Total expenses
- $1,584,630,058
- Contributions and grants received
- $222,011,817
- Grants paid
- $64,474,204
- Program service revenue
- $1,305,967,100
- Investment income
- $76,648,855
- Other revenue
- $2,813,370
- Total assets, end of year
- $3,274,618,395
- Total liabilities, end of year
- $817,754,846
- Net assets or fund balances, end of year
- $2,456,863,549
- Program services expenses (Part IX)
- $1,453,057,107
- Management and general expenses
- $124,455,964
- Fundraising expenses
- $7,116,987
- Program service expenses (Part III)
- $1,453,057,107
Program services were 91.7% 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.
-
1c · Fundraising events
$358,843
-
1e · Government grants (contributions)
$184,085,670
-
1f · All other contributions, gifts and grants
$37,567,304
-
1g · Noncash contributions included above
$3,054,284
-
2a · Program service revenue: CLINICAL PRACTICE PLAN REVENUE
total $734,033,913 · related or exempt $734,020,134 · unrelated business $13,779
-
2b · Program service revenue: PHYSICIAN CONTRACTS/AFFILIATE SVCS
total $287,724,207 · related or exempt $287,724,207
-
2c · Program service revenue: MEDICARE/MEDICAID PAYMENTS
total $131,241,239 · related or exempt $131,241,239
-
2d · Program service revenue: MEDICAL INSTRUCTION TUITION AND FEES
total $86,660,788 · related or exempt $86,660,788
-
2e · Program service revenue: NON-GOVERNMENTAL GRANTS AND CONTRACTS
total $61,779,535 · related or exempt $61,779,535
-
2f · All other program service revenue
total $4,527,418 · related or exempt $4,527,418
-
3 · Investment income
total $33,587,628 · unrelated business -$237,488 · excluded $33,825,116
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $2,594,560 · excluded $2,594,560
-
6a · Gross rents
real property $5,070,408
-
6b · Less rental expenses
real property $4,897,577
-
6c · Rental income or loss
real property $172,831 · personal property $0
-
6d · Net rental income or loss
total $172,831 · excluded $172,831
-
7a · Gross sales of assets other than inventory
securities $516,455,429 · other assets $5,667,139
-
7b · Less cost or other basis and sales expenses
securities $478,640,533 · other assets $420,808
-
7c · Gain or loss
securities $37,814,896 · other assets $5,246,331
-
7d · Net gain or loss
total $43,061,227 · unrelated business $903,999 · excluded $42,157,228
-
8a · Fundraising events: gross income
$48,944
-
8a · Fundraising events: contributions included on line 1c
$358,843
-
8b · Fundraising events: direct expenses
$94,961
-
8c · Net income from fundraising events
total -$46,017 · excluded -$46,017
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$207,488
-
10b · Cost of goods sold
$115,492
-
10c · Net income from sales of inventory
total $91,996 · unrelated business $91,996
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $46,457,081 · program services $46,457,081
-
2 · Grants to domestic individuals
total $17,470,602 · program services $17,470,602
-
3 · Grants to foreign organizations and individuals
total $546,521 · program services $546,521
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $17,341,763 · program services $5,477,017 · management and general $11,103,333 · fundraising $761,413
-
6 · Compensation of disqualified persons
total $3,122,797 · program services $2,966,377 · management and general $156,420
-
7 · Other salaries and wages
total $1,000,078,498 · program services $952,297,388 · management and general $44,008,760 · fundraising $3,772,350
-
8 · Pension plan contributions
total $54,948,776 · program services $51,839,541 · management and general $2,869,870 · fundraising $239,365
-
9 · Other employee benefits
total $94,293,602 · program services $89,809,677 · management and general $4,158,931 · fundraising $324,994
-
10 · Payroll taxes
total $55,527,566 · program services $51,990,082 · management and general $3,264,281 · fundraising $273,203
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $2,837,654 · program services $1,178,660 · management and general $1,658,994
-
11c · Fees: accounting
total $806,720 · management and general $806,720
-
11d · Fees: lobbying
total $248,109 · program services $236,581 · management and general $11,528
-
11e · Fees: professional fundraising services
total $115,703 · fundraising $115,703
-
11f · Fees: investment management
total $10,232,004 · management and general $10,232,004
-
11g · Fees: other
total $77,895,422 · program services $66,510,595 · management and general $11,214,618 · fundraising $170,209
-
12 · Advertising and promotion
total $3,713,482 · program services $3,704,596 · fundraising $8,886
-
13 · Office expenses
total $8,147,457 · program services $5,725,370 · management and general $2,106,519 · fundraising $315,568
-
14 · Information technology
total $23,947,663 · program services $4,154,283 · management and general $19,214,016 · fundraising $579,364
-
15 · Royalties
total $900,494 · program services $900,494
-
16 · Occupancy
total $37,216,124 · program services $31,936,740 · management and general $5,229,085 · fundraising $50,299
-
17 · Travel
total $9,062,416 · program services $8,554,353 · management and general $359,832 · fundraising $148,231
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $11,300,130 · program services $10,830,364 · management and general $419,363 · fundraising $50,403
-
20 · Interest
total $10,580,595 · program services $9,634,853 · management and general $945,742
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $33,913,598 · program services $30,807,953 · management and general $3,033,279 · fundraising $72,366
-
23 · Insurance
total $1,265,997 · program services $255,254 · management and general $1,006,562 · fundraising $4,181
-
24a · Other expenses: MEDICAL & RESEARCH SUPPLIES
total $24,950,852 · program services $24,950,852
-
24b · Other expenses: RESIDENTS & FELLOWS
total $11,809,913 · program services $11,809,913
-
24c · Other expenses: DUES & SUBSCRIPTIONS
total $11,086,803 · program services $10,390,249 · management and general $681,510 · fundraising $15,044
-
24d · Other expenses: EQUIPMENT & MAINTENANCE
total $5,966,785 · program services $5,833,321 · management and general $133,157 · fundraising $307
-
24e · All other expenses
total $8,844,931 · program services $6,788,390 · management and general $1,841,440 · fundraising $215,101
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $92,095 · end of year $31,024
-
2 · Savings and temporary cash investments
beginning of year $220,121,753 · end of year $203,566,112
-
3 · Pledges and grants receivable
beginning of year $84,923,184 · end of year $79,596,791
-
4 · Accounts receivable
beginning of year $172,651,013 · end of year $189,362,736
-
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 $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $59,275 · end of year $57,482
-
9 · Prepaid expenses and deferred charges
beginning of year $8,728,613 · end of year $9,613,005
-
10a · Land, buildings and equipment: cost or other basis
$883,482,529
-
10b · Land, buildings and equipment: accumulated depreciation
$549,816,705
-
10c · Land, buildings and equipment, net
beginning of year $302,824,771 · end of year $333,665,824
-
11 · Investments: publicly traded securities
beginning of year $456,065,204 · end of year $635,965,570
-
12 · Investments: other securities
beginning of year $1,546,711,098 · end of year $1,583,665,177
-
13 · Investments: program-related
beginning of year $49,844,511 · end of year $58,034,506
-
14 · Intangible assets
beginning of year $9,013,513 · end of year $15,088,927
-
15 · Other assets
beginning of year $197,424,595 · end of year $165,971,241
-
17 · Accounts payable and accrued expenses
beginning of year $225,421,035 · end of year $206,191,888
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $66,882,162 · end of year $65,097,314
-
20 · Tax-exempt bond liabilities
beginning of year $468,022,464 · end of year $455,511,792
-
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 $8,413,191 · end of year $8,354,468
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $73,936,569 · end of year $82,599,384
-
27 · Net assets without donor restrictions
beginning of year $1,385,795,725 · end of year $1,570,692,465
-
28 · Net assets with donor restrictions
beginning of year $819,988,479 · end of year $886,171,084
Mission and programs · 2023
Mission
THE MEDICAL COLLEGE OF WISCONSIN (MCW) IS A DISTINGUISHED LEADER AND INNOVATOR IN THE EDUCATION AND DEVELOPMENT OF THE NEXT GENERATION OF PHYSICIANS, (CONTINUED IN SCHEDULE O)
-
Education - Approximately 1,660 students are enrolled in degree-granting educational programs at MCW. This includes 1,041 medical students, 441 graduate students, 128 pharmacy students, and 51 Master of Science in Anesthesia students. MCW faculty supervise more than 700 physicians in residency training and 200 physicians in fellowship training through the Medical College of Wisconsin Affiliated Hospitals, Inc. (CONTINUED IN SCHEDULE O)
Expenses $148,662,013 · Grants $19,622,867 · Revenue $112,198,257
-
Research - MCW is a major national research center and the second largest research institution in Wisconsin. In fiscal year 2024, MCW invested $424.3 million in research, teaching, training and related purposes which will lead to improved patient care and health outcomes. This total includes $128.7 million from the National Institutes of Health (NIH). MCW ranks in the top third of U.S. medical schools in NIH research support. (CONTINUED IN SCHEDULE O)
Expenses $372,548,164 · Grants $34,906,901 · Revenue $82,912,366
-
Patient Care - Approximately 1,815 MCW physicians and 1,860 nurse practitioners, physician assistants, and other health care practitioners provide adult patient care as the Medical College Physicians and pediatric patient care through Children's Specialty Group, a joint venture with Children's Hospital and Health System. The MCW physician practice includes doctors in every specialty and subspecialty of medicine. (CONTINUED IN SCHEDULE O)
Expenses $904,875,964 · Grants $282,689 · Revenue $1,110,063,500
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Max C Lee MDMAX C LEE MD
ASST PROF-NEUROSURGERY
- Total calculated
- $2,477,428
- From this org
- $2,418,193
- From related orgs
- $0
- Other
- $59,235
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $1,160,882
- Bonus
- $1,233,605
- Other
- $23,706
- Deferred
- $26,400
- Nontaxable benefits
- $32,835
- Filer's total
- $2,477,428
-
Michael Edward Mitchell MDMICHAEL EDWARD MITCHELL MD
CHIEF, PROF-PED CARDIAC SURG
- Total calculated
- $2,006,815
- From this org
- $1,945,478
- From related orgs
- $0
- Other
- $61,337
- Hours/week
- 3 + 37 related
Schedule J breakdown matched by us
- Base
- $1,767,406
- Bonus
- $151,500
- Other
- $26,572
- Deferred
- $26,400
- Nontaxable benefits
- $34,937
- Filer's total
- $2,006,815
-
John R Raymond Sr MDJOHN R RAYMOND SR MD
TRUSTEE/PRESIDENT AND CEO
- Total calculated
- $1,724,645
- From this org
- $1,428,199
- From related orgs
- $0
- Other
- $296,446
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $1,176,530
- Bonus
- $155,610
- Other
- $96,059
- Deferred
- $267,875
- Nontaxable benefits
- $28,571
- Filer's total
- $1,724,645
-
Joseph E Kerschner MDJOSEPH E KERSCHNER MD
TRUSTEE/PROVOST& EXEC VP, DEAN
- Total calculated
- $1,596,340
- From this org
- $1,398,843
- From related orgs
- $0
- Other
- $197,497
- Hours/week
- 39.5 + 0.5 related
Schedule J breakdown matched by us
- Base
- $1,108,265
- Bonus
- $107,635
- Other
- $182,943
- Deferred
- $163,040
- Nontaxable benefits
- $34,457
- Filer's total
- $1,596,340
-
Abdel Alqwasmi MDABDEL ALQWASMI MD
PHYSICIAN-HEMATOLOGY/ONCOLOGY
- Total calculated
- $1,588,386
- From this org
- $1,523,256
- From related orgs
- $0
- Other
- $65,130
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $867,379
- Bonus
- $655,337
- Other
- $540
- Deferred
- $26,400
- Nontaxable benefits
- $38,730
- Filer's total
- $1,588,386
-
Saman Shabani MDSAMAN SHABANI MD
ASST PROF-NEUROSURGERY
- Total calculated
- $1,582,720
- From this org
- $1,543,068
- From related orgs
- $0
- Other
- $39,652
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $735,617
- Bonus
- $806,965
- Other
- $486
- Deferred
- $0
- Nontaxable benefits
- $39,652
- Filer's total
- $1,582,720
-
Shekar N Kurpad MDSHEKAR N KURPAD MD
CHAIR, PROF-NEUROSURGERY
- Total calculated
- $1,444,684
- From this org
- $1,397,196
- From related orgs
- $0
- Other
- $47,488
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $1,286,245
- Bonus
- $72,323
- Other
- $38,628
- Deferred
- $26,400
- Nontaxable benefits
- $21,088
- Filer's total
- $1,444,684
-
David King MDDAVID KING MD
TRUSTEE AS OF 1/26/24
- Total calculated
- $1,124,138
- From this org
- $1,065,863
- From related orgs
- $0
- Other
- $58,275
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $991,177
- Bonus
- $44,576
- Other
- $30,110
- Deferred
- $26,400
- Nontaxable benefits
- $31,875
- Filer's total
- $1,124,138
-
Matthew LesterMATTHEW LESTER
EXEC VP-FINANCE & ADMIN, COO
- Total calculated
- $880,918
- From this org
- $737,166
- From related orgs
- $0
- Other
- $143,752
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $659,708
- Bonus
- $52,574
- Other
- $24,884
- Deferred
- $109,422
- Nontaxable benefits
- $34,330
- Filer's total
- $880,918
-
Roy L Silverstein MDROY L SILVERSTEIN MD
CHAIR, PROF-MEDICINE
- Total calculated
- $782,832
- From this org
- $731,319
- From related orgs
- $0
- Other
- $51,513
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $666,709
- Bonus
- $37,845
- Other
- $26,765
- Deferred
- $26,400
- Nontaxable benefits
- $25,113
- Filer's total
- $782,832
-
Cynthia A Lien MDCYNTHIA A LIEN MD
TRUSTEE
- Total calculated
- $736,944
- From this org
- $675,957
- From related orgs
- $0
- Other
- $60,987
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $616,771
- Bonus
- $30,102
- Other
- $29,084
- Deferred
- $26,400
- Nontaxable benefits
- $34,587
- Filer's total
- $736,944
-
Gregory M Wesley JDGREGORY M WESLEY JD
SR VP-STRAT ALLIANCES/BUS DEV
- Total calculated
- $704,754
- From this org
- $615,914
- From related orgs
- $0
- Other
- $88,840
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $451,479
- Bonus
- $53,011
- Other
- $111,424
- Deferred
- $83,371
- Nontaxable benefits
- $5,469
- Filer's total
- $704,754
-
Cheryl A Maurana PhDCHERYL A MAURANA PHD
SR VP-STRAT ACADEM PARTNERSHIP
- Total calculated
- $690,200
- From this org
- $604,351
- From related orgs
- $0
- Other
- $85,849
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $497,007
- Bonus
- $40,736
- Other
- $66,608
- Deferred
- $56,857
- Nontaxable benefits
- $28,992
- Filer's total
- $690,200
-
Shelisa DaltonSHELISA DALTON
CHIEF FINANCIAL OFFICER
- Total calculated
- $606,685
- From this org
- $500,417
- From related orgs
- $0
- Other
- $106,268
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $458,558
- Bonus
- $34,804
- Other
- $7,055
- Deferred
- $73,914
- Nontaxable benefits
- $32,354
- Filer's total
- $606,685
-
Mara Lord PhDMARA LORD PHD
SR VP-UNIV ENGMT/STRAT PLAN
- Total calculated
- $603,924
- From this org
- $504,328
- From related orgs
- $0
- Other
- $99,596
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $390,738
- Bonus
- $36,967
- Other
- $76,623
- Deferred
- $76,812
- Nontaxable benefits
- $22,784
- Filer's total
- $603,924
-
David A Margolis MDDAVID A MARGOLIS MD
INTERIM CHAIR, PROF-PEDIATRICS
- Total calculated
- $590,743
- From this org
- $538,568
- From related orgs
- $0
- Other
- $52,175
- Hours/week
- 22 + 18 related
Schedule J breakdown matched by us
- Base
- $504,180
- Bonus
- $30,927
- Other
- $3,461
- Deferred
- $26,400
- Nontaxable benefits
- $25,775
- Filer's total
- $590,743
-
Adrienne MitchellADRIENNE MITCHELL
SR VP-HR, CHIEF PEOPLE OFFICER
- Total calculated
- $568,377
- From this org
- $458,417
- From related orgs
- $0
- Other
- $109,960
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $396,565
- Bonus
- $37,458
- Other
- $24,394
- Deferred
- $71,924
- Nontaxable benefits
- $38,036
- Filer's total
- $568,377
-
David HotchkissDAVID HOTCHKISS
VP-INFORMATION SERVICES, CIO
- Total calculated
- $512,905
- From this org
- $411,313
- From related orgs
- $0
- Other
- $101,592
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $357,622
- Bonus
- $30,020
- Other
- $23,671
- Deferred
- $64,780
- Nontaxable benefits
- $36,812
- Filer's total
- $512,905
-
Mitchell BeckmanMITCHELL BECKMAN
FORMER VP-DEVELOPMENT, CDO
- Total calculated
- $501,736
- From this org
- $477,389
- From related orgs
- $0
- Other
- $24,347
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $87,888
- Bonus
- $0
- Other
- $389,501
- Deferred
- $13,331
- Nontaxable benefits
- $11,016
- Filer's total
- $501,736
-
Pamela J StanickPAMELA J STANICK
VP-FINANCE & TREASURY
- Total calculated
- $446,774
- From this org
- $376,705
- From related orgs
- $0
- Other
- $70,069
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $309,213
- Bonus
- $64,083
- Other
- $3,409
- Deferred
- $57,649
- Nontaxable benefits
- $12,420
- Filer's total
- $446,774
-
George MacKinnon III PhDGEORGE MACKINNON III PHD
DEAN, SCHOOL OF PHARMACY
- Total calculated
- $427,914
- From this org
- $368,361
- From related orgs
- $0
- Other
- $59,553
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $315,917
- Bonus
- $30,965
- Other
- $21,479
- Deferred
- $26,400
- Nontaxable benefits
- $33,153
- Filer's total
- $427,914
-
Kevin M EideKEVIN M EIDE
VP-FIN PLANNING/DATA ANALYTICS
- Total calculated
- $424,730
- From this org
- $332,486
- From related orgs
- $0
- Other
- $92,244
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $297,110
- Bonus
- $25,211
- Other
- $10,165
- Deferred
- $57,171
- Nontaxable benefits
- $35,073
- Filer's total
- $424,730
-
Jeffrey BornemannJEFFREY BORNEMANN
VP-FACILITIES & OPERATIONS
- Total calculated
- $384,832
- From this org
- $300,944
- From related orgs
- $0
- Other
- $83,888
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $276,711
- Bonus
- $22,820
- Other
- $1,413
- Deferred
- $52,692
- Nontaxable benefits
- $31,196
- Filer's total
- $384,832
-
Tennille SifuentesTENNILLE SIFUENTES
VP-CORP COMPLIANCE/RISK MGT
- Total calculated
- $357,708
- From this org
- $277,106
- From related orgs
- $0
- Other
- $80,602
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $252,332
- Bonus
- $23,500
- Other
- $1,274
- Deferred
- $49,016
- Nontaxable benefits
- $31,586
- Filer's total
- $357,708
-
C Greer Jordan PhDC GREER JORDAN PHD
VP-INCLUSION/DIVERSITY, CDIO
- Total calculated
- $353,538
- From this org
- $279,407
- From related orgs
- $0
- Other
- $74,131
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $253,036
- Bonus
- $23,953
- Other
- $2,418
- Deferred
- $48,846
- Nontaxable benefits
- $25,285
- Filer's total
- $353,538
-
Susan MelcherSUSAN MELCHER
VP-TOTAL REWARDS/HR ANALYTICS
- Total calculated
- $348,381
- From this org
- $300,254
- From related orgs
- $0
- Other
- $48,127
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $273,326
- Bonus
- $24,057
- Other
- $2,871
- Deferred
- $27,976
- Nontaxable benefits
- $20,151
- Filer's total
- $348,381
-
Jason E KraissJASON E KRAISS
SEE SCHEDULE O FOR TITLE
- Total calculated
- $336,456
- From this org
- $279,024
- From related orgs
- $0
- Other
- $57,432
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $248,459
- Bonus
- $30,067
- Other
- $498
- Deferred
- $23,073
- Nontaxable benefits
- $34,359
- Filer's total
- $336,456
-
Kimara EllefsonKIMARA ELLEFSON
FORMER INTERIM VP-HR
- Total calculated
- $320,806
- From this org
- $275,577
- From related orgs
- $0
- Other
- $45,229
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $250,777
- Bonus
- $24,497
- Other
- $303
- Deferred
- $22,316
- Nontaxable benefits
- $22,913
- Filer's total
- $320,806
-
Daisy Sahoo PhDDAISY SAHOO PHD
SEE SCHEDULE O FOR TITLE
- Total calculated
- $318,537
- From this org
- $265,167
- From related orgs
- $0
- Other
- $53,370
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $238,252
- Bonus
- $12,297
- Other
- $14,618
- Deferred
- $20,703
- Nontaxable benefits
- $32,667
- Filer's total
- $318,537
-
M Aileen Shinaman JDM AILEEN SHINAMAN JD
SEE SCHEDULE O FOR TITLE
- Total calculated
- $316,553
- From this org
- $282,530
- From related orgs
- $0
- Other
- $34,023
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $220,627
- Bonus
- $50,000
- Other
- $11,903
- Deferred
- $33,000
- Nontaxable benefits
- $1,023
- Filer's total
- $316,553
-
Nathan BerkenNATHAN BERKEN
SEE SCHEDULE O FOR TITLE
- Total calculated
- $285,953
- From this org
- $221,670
- From related orgs
- $0
- Other
- $64,283
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $181,452
- Bonus
- $24,627
- Other
- $15,591
- Deferred
- $24,890
- Nontaxable benefits
- $39,393
- Filer's total
- $285,953
-
Mary ReinkeMARY REINKE
VP-MARKETING & COMMUNICATIONS
- Total calculated
- $260,606
- From this org
- $221,589
- From related orgs
- $0
- Other
- $39,017
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $201,610
- Bonus
- $18,266
- Other
- $1,713
- Deferred
- $37,897
- Nontaxable benefits
- $1,120
- Filer's total
- $260,606
-
Ravindra P Misra PhDRAVINDRA P MISRA PHD
SEE SCHEDULE O FOR TITLE
- Total calculated
- $237,519
- From this org
- $207,545
- From related orgs
- $0
- Other
- $29,974
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $191,970
- Bonus
- $13,723
- Other
- $1,852
- Deferred
- $16,736
- Nontaxable benefits
- $13,238
- Filer's total
- $237,519
-
Anne M Brown JDANNE M BROWN JD
FORMER INTERIM GEN COUNSEL
- Total calculated
- $151,302
- From this org
- $136,263
- From related orgs
- $0
- Other
- $15,039
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $89,167
- Bonus
- $0
- Other
- $47,096
- Deferred
- $10,356
- Nontaxable benefits
- $4,683
- Filer's total
- $151,302
-
John T Newsome JDJOHN T NEWSOME JD
FMR SR VP-GEN COUNSEL/ASST SEC
- Total calculated
- $140,563
- From this org
- $140,563
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10
Schedule J breakdown matched by us
- Base
- $115,563
- Bonus
- $25,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $140,563
-
Philip B FlynnPHILIP B FLYNN
TRUSTEE/CHAIR OF THE BOARD
- Total calculated
- $0
- Hours/week
- 2
-
Elizabeth BrennerELIZABETH BRENNER
TRUSTEE/VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Jacqueline Herd-BarberJACQUELINE HERD-BARBER
TRUSTEE/SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Jon D HammesJON D HAMMES
TRUSTEE/TREASURER AS OF 7/1/23
- Total calculated
- $0
- Hours/week
- 1
-
Christy L BrownCHRISTY L BROWN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Barbara Calkins MDBARBARA CALKINS MD
TRUSTEE AS OF 7/1/23
- Total calculated
- $0
- Hours/week
- 1
-
John DonofrioJOHN DONOFRIO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Linda G Gorens-LeveyLINDA G GORENS-LEVEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Paul W GriepentrogPAUL W GRIEPENTROG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John M GroganJOHN M GROGAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Nancy HernandezNANCY HERNANDEZ
TRUSTEE AS OF 7/1/23
- Total calculated
- $0
- Hours/week
- 1
-
Ted D KellnerTED D KELLNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David LubarDAVID LUBAR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Gregory S MarcusGREGORY S MARCUS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Anthony McHenryANTHONY MCHENRY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Chris MiskelCHRIS MISKEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Justin L Mortara PhDJUSTIN L MORTARA PHD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Janis M Orlowski MDJANIS M ORLOWSKI MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Warren D PiersonWARREN D PIERSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
R Jan Pirozzolo-MellowesR JAN PIROZZOLO-MELLOWES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Austin RamirezAUSTIN RAMIREZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kristina M Ropella PhDKRISTINA M ROPELLA PHD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Rich TennessenRICH TENNESSEN
TRUSTEE AS OF 7/1/23
- Total calculated
- $0
- Hours/week
- 1
-
Peggy TroyPEGGY TROY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
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 · Discretionary spending account
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 7 · Other non-fixed payments
Answered no
- 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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- SCHEDULE J, PART I, LINE 1
- MCW PAID BUSINESS SOCIAL CLUB MEMBERSHIP DUES ON BEHALF OF ONE OFFICER DURING CALENDAR YEAR 2023. THE MEMBERSHIP IS USED FOR MONTHLY BOARD AND COMMITTEE MEETINGS AND FOR OTHER BUSINESS MEETINGS. PERSONAL USE OF THE CLUB BY THIS INDIVIDUAL IS REPORTED TO MCW AND IS TREATED AS A TAXABLE EVENT TO THE INDIVIDUAL. MCW PROVIDED DISCRETIONARY SPENDING ACCOUNTS TO FOUR OFFICERS. THE SPENDING ACCOUNTS ARE NOT PART OF AN ACCOUNTABLE PLAN AND ARE FULLY TAXABLE TO THESE INDIVIDUALS. SCHEDULE J, PART I, LINE 4A DURING CALENDAR YEAR 2023, MITCHELL BECKMAN RECEIVED A SINGLE LUMP SUM PAYMENT OF $379,614 IN CONNECTION WITH AN EMPLOYEE SEPARATION AGREEMENT.
- SCHEDULE J, PART I, LINE 4B
- MCW MAINTAINS A SECTION 457(F) SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN FOR CERTAIN ELIGIBLE EMPLOYEES (THE PLAN). NINETEEN INDIVIDUALS LISTED ON FORM 990, PART VII CURRENTLY PARTICIPATE IN THE PLAN. UNDER THE PLAN, MCW CONTRIBUTES A DEFINED AMOUNT FOR EACH PARTICIPANT BASED ON A PERCENTAGE OF EACH PARTICIPANT'S BASE SALARY. PARTICIPANTS GENERALLY VEST IN THEIR CONTRIBUTIONS FOR A SPECIFIC PLAN YEAR ON THE LAST DAY OF THE THIRD PLAN YEAR FOLLOWING THAT PLAN YEAR FOR EACH PLAN YEAR THEY ARE A PARTICIPANT. HOWEVER, IF A PARTICIPANT REACHES AGE 62 AND HAS PARTICIPATED IN THREE PLAN YEARS, THE PARTICIPANT BECOMES FULLY VESTED IN ALL CONTRIBUTIONS AT THE END OF THAT PLAN YEAR AND THEIR FUTURE CONTRIBUTIONS VEST ANNUALLY THEREAFTER. DISTRIBUTIONS ARE MADE TO THE ELIGIBLE PARTICIPANTS IN A SINGLE, LUMP SUM PAYMENT WHEN CONTRIBUTIONS BECOME VESTED. DURING CALENDAR YEAR 2023, THREE PARTICIPANTS MET THE VESTING REQUIREMENT FOR PLAN YEAR ENDED 6/30/20 AND RECEIVED LUMP SUM PAYMENTS UNDER THE PLAN AS FOLLOWS: JOSEPH E. KERSCHNER, MD-$135,381; MARA LORD, PHD-$47,290; AND GREGORY M. WESLEY, JD-$64,357. TWO PARTICIPANTS MET THE AGE THRESHOLD IN A PRIOR YEAR AND RECEIVED ANNUAL LUMP SUM PAYMENTS FOR PLAN YEAR ENDED 6/30/23 UNDER THE PLAN AS FOLLOWS: CHERYL MAURANA, PHD-$66,608 AND JOHN R. RAYMOND, SR., MD-$38,559 (HIS FINAL PAYMENT UNDER THE PLAN). A separate supplemental nonqualified retirement agreement under Section 457(f) has been established for John R. Raymond, Sr., MD (the agreement). Under the agreement, MCW contributes a defined amount based on a percentage of his base salary FOR EACH PLAN YEAR. The contributions become vested upon completion of Dr. Raymond's term of employment with MCW, plus any period following such employment when Dr. Raymond is engaged as a consultant with respect to services of the kind performed as President and CEO of MCW, and a period of two years following the later of the termination of his services as CEO or completion of such consultant services. Distribution under the agreement will be made in a single, lump sum payment when contributions become vested.
- SCHEDULE J, PART I, LINE 7
- SELECTED OFFICERS AND OTHER LISTED PERSONS ARE ELIGIBLE FOR INCENTIVE COMPENSATION BASED ON QUANTIFIABLE METRICS APPROVED IN ADVANCE. A PORTION OF SUCH COMPENSATION IS SUBJECT TO THE DISCRETION OF THE NOMINATING AND GOVERNANCE COMMITTEE OF THE BOARD OF TRUSTEES, OR DELEGATED BY THE NOMINATING AND GOVERNANCE COMMITTEE TO THE PRESIDENT, PROVOST & EXECUTIVE VP, OR EXECUTIVE VP-FINANCE & ADMINISTRATION.
- SCHEDULE J, PART II
- David King, MD, is compensated as Chair and Professor of Orthopaedic Surgery, not for his role as Trustee. CYNTHIA A. LIEN, MD, IS COMPENSATED AS CHAIR AND PROFESSOR OF ANESTHESIOLOGY, NOT FOR HER ROLE AS TRUSTEE. JOHN T. NEWSOME, JD, IS COMPENSATED AS SPECIAL ADVISOR, NOT FOR HIS FORMER ROLE AS SENIOR VP-GENERAL COUNSEL AND ASSISTANT SECRETARY. KIMARA ELLEFSON IS COMPENSATED AS NATIONAL DIRECTOR OF STRATEGY AND PARTNERSHIPS, KERN NATIONAL NETWORK FOR FLOURISHING IN MEDICINE, NOT FOR HER FORMER ROLE AS INTERIM VP-HR.
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
-
$12,524,173
RESEARCH SUBAWARD
-
EMMES CORPORATION
$3,365,459
RESEARCH SUBAWARD
-
$1,914,403
RES SUB/AHW
-
UNIVERSITY OF WISCONSIN MADISON
$1,905,870
RES SUB/AHW/EDUC
-
$1,760,696
RESEARCH SUBAWARD
-
$810,055
RESEARCH SUBAWARD
-
$754,334
RES/COMM ENG/AHW
-
RECTOR AND VISITORS UNIV OF VIRGINIA
$631,616
RES SUB/MED EDUC
-
$596,121
RES SUB/MED EDUC
-
UNIVERSITY OF CALIFORNIA SAN DIEGO
$540,145
RESEARCH SUBAWARD
The 10 largest by cash amount. The API serves every itemized grant.
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.
-
Children's Specialty Group Inc
501(c)(3) · Pediatrics · WI
Directly controlled by NA
-
501(C)(3) · GRAD MED EDUC · WI
Directly controlled by NA
-
FORENSIC SCIENCE & PROT MED COLLAB INC
501(C)(3) · FACILITY DEV · WI
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
MCW SPECIALISTS LLC
SUPPORT SERV · WI · income $0 · assets $0
Directly controlled by MCW
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
Children's Hlth Network of WI LLC
Related · Health Care · WI · 50% owned · share of income $0 · share of assets $0 · general or managing partner
Directly controlled by NA
-
Drexel Town Sq Surg Center LLC
Related · Surgery Center · WI · 49% owned · share of income -$146,138 · share of assets $1,644,122 · general or managing partner
Directly controlled by Froed Hlth ASC
-
FMLH MCW Real Estate Ventures LLC
Related · Real Estate · WI · 50% owned · share of income $560,602 · share of assets $12,414,171 · general or managing partner
Directly controlled by NA
-
Froedtert & MCW ACO LLC
Related · Health Care · WI · 50% owned · share of income $661 · share of assets $360,020 · general or managing partner
Directly controlled by NA
-
Froedtert & MCW Network LLC
Related · Health Care · WI · 50% owned · share of income $2,250,629 · share of assets $19,740,049 · general or managing partner
Directly controlled by NA
-
Froedtert Surgery Center LLC
Related · Surgery Center · WI · 49% owned · share of income $3,606,726 · share of assets $9,328,824 · general or managing partner
Directly controlled by Froed Hlth ASC
-
Menomonee Falls ASC LLC
Related · Surgery Center · WI · 49% owned · share of income -$63,391 · share of assets $1,209,622 · general or managing partner
Directly controlled by Froed Hlth ASC
-
MRMC Land Bank LLC
Related · Real Estate · WI · 33.333% owned · share of income $7,609 · share of assets $3,943,343 · general or managing partner
Directly controlled by NA
-
ThriveOn King LLC
Related · Bldg Leasing · WI · 50% owned · share of income -$257,559 · share of assets $9,962,214 · general or managing partner
Directly controlled by NA
-
West Bend Surgery Center LLC
Related · Surgery Center · WI · 49% owned · share of income $864,034 · share of assets $8,803,044 · general or managing partner
Directly controlled by Froed Hlth ASC
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
Blue & Green I Condo Association Inc
C Corp · Building Mgmt · WI · 69% owned · share of income $0 · share of assets $0 · controlled entity
Directly controlled by MCW
-
MCW Prof Liability Insurance Program
Trust · INSURANCE · WI · 100% owned · share of income $1,214,736 · share of assets $12,570,508 · controlled entity
Directly controlled by MCW
-
MCW CONSORTIUM ON PUBLIC & COMM HLTH INC
C CORP · AHW OVERSIGHT · WI · 89% owned · share of income $0 · share of assets $0 · controlled entity
Directly controlled by MCW
-
CHARITABLE REMAINDER TRUST (1)
TRUST · SUPPORT · WI · controlled entity
Directly controlled by MCW
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511359349307846
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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