William K Warren Medical Research Center Inc
- Assets
- $344.1m
- Revenue
- $369.2k
- Investments
- $8.3m
- Employees
- 2
- Location
- Tulsa, OK
- Founding
- 04/1973
- Data as of
- 12/2020
- EIN
- 23-7275389
Organization Overview
William K Warren Medical Research Center Inc is located in Tulsa, OK. The organization was established in 1973. According to its NTEE Classification (H90) the organization is classified as: Medical Disciplines Research, under the broad grouping of Medical Research and related organizations. As of 12/2021, William K Warren Medical Research Center Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William K Warren Medical Research Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, William K Warren Medical Research Center Inc generated $369.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (40.1%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES SUPPORT TO SAINT FRANCIS HEALTH SYSTEM PRIMARILY BY MANAGING, ACQUIRING, AND BUILDING ANCILLARY REAL ESTATE FACILITIES AND SUPPORTING MEDICAL RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE 1973, THE WILLIAM K. WARREN MEDICAL RESEARCH CENTER, INC. ("WMRC") HAS HELPED SUPPORT SAINT FRANCIS HEALTH SYSTEM, INC. ("SFHS"). A PRIMARY PURPOSE OF WMRC IS TO SUPPORT SFHS BY HOLDING, MANAGING, ACQUIRING AND BUILDING ANCILLARY REAL ESTATE FACILITIES SO THAT SFHS CAN FOCUS ON HEALTH CARE DELIVERY. FOR EXAMPLE, WMRC, BOTH DIRECTLY AND THROUGH ITS 501(C)(2) TITLE HOLDING SUBSIDIARY, OWNS AND OPERATES A NUMBER OF LARGE MEDICAL OFFICE BUILDINGS USED BY SAINT FRANCIS PHYSICIANS AND WHICH HOUSE DEPARTMENTS OF SAINT FRANCIS HOSPITAL. WMRC ALSO PROVIDES STRATEGIC PROPERTY CONSULTING SERVICES AND EXPERTISE TO SFHS IN EVALUATING AND PLANNING FOR FUTURE REAL ESTATE NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
D Koschmeder Information Technology Manager | 30 | $153,044 | |
W K Warren Jr Chairman | OfficerTrustee | 0.5 | $0 |
J-K C Warren Trustee/vice President | OfficerTrustee | 0.5 | $0 |
T Cooper President And CEO | OfficerTrustee | 1 | $0 |
P Glenn Treasurer | Officer | 5 | $0 |
J Adams Secretary | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,343,969 |
| Investment income | $1,059,813 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $293,281 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,723,181 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $369,200 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $200,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $214,435 |
| Pension plan accruals and contributions | $130,572 |
| Other employee benefits | $16,360 |
| Payroll taxes | $15,468 |
| Fees for services: Management | $5,668 |
| Fees for services: Legal | $17,064 |
| Fees for services: Accounting | $93,739 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $158,602 |
| Fees for services: Other | $752,577 |
| Advertising and promotion | $0 |
| Office expenses | $3,991 |
| Information technology | $2,674 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $174 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $596,333 |
| Insurance | $13,634 |
| All other expenses | $0 |
| Total functional expenses | $2,572,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,717,718 |
| Savings and temporary cash investments | $3,880,699 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $426,250 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $55,745,581 |
| Investments—publicly traded securities | $48,221,115 |
| Investments—other securities | $8,307,885 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $225,809,861 |
| Total assets | $344,109,109 |
| Accounts payable and accrued expenses | $4,729,280 |
| Grants payable | $0 |
| Deferred revenue | $48,392 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,777,672 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $339,331,437 |
| Total liabilities and net assets/fund balances | $344,109,109 |
Grants Awarded
Over the last fiscal year, William K Warren Medical Research Center Inc has awarded $500,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Tulsa, OK PURPOSE: Support " The Machine" Tulsa Bike Share program | $300,000 |
OU HEALTH SCIENCES CENTER PURPOSE: CANCER RESEARCH | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mercy Research Springfield, MO | $1,873,704 | $4,182,009 |
Foundation For Advancing Veterans Health Research Inc San Antonio, TX | $4,049,702 | $4,965,117 |
William K Warren Medical Research Center Inc Tulsa, OK | $344,109,109 | $369,200 |
Center For Disease Analysis Foundation Inc Lafayette, CO | $3,700,943 | $2,026,951 |
Central Texas Veterans Research Foundation Temple, TX | $1,466,456 | $969,486 |
Pointsman Foundation Austin, TX | $561,745 | $155,500 |
Claude Parrish Radiation Institute Foundation Inc Harrison, AR | $0 | $0 |
Can Do Houston Houston, TX | $22,539 | $287,928 |
My Genome My Life Austin, TX | $1,441 | $152,830 |
Altermed Research Foundation Fort Collins, CO | $61,742 | $0 |
Horses Make Miracles Foundation Inc Longmont, CO | $26,314 | $0 |
Athletic And Orthopedic Research Foundation Houston, TX | $60,101 | $0 |