Magee-Womens Research Institute And Foundation
- Assets
- $105.4m
- Revenue
- $58.2m
- Investments
- $55.7m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 06/1986
- Data as of
- 06/2022
- EIN
- 25-1462312
Organization Overview
Magee-Womens Research Institute And Foundation is located in Pittsburgh, PA. The organization was established in 1986. According to its NTEE Classification (E24) the organization is classified as: Specialty Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magee-Womens Research Institute And Foundation 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 06/2022, Magee-Womens Research Institute And Foundation generated $58.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $58.1m during the year ending 06/2022. While expenses have increased by 0.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Magee-Womens Research Institute And Foundation has awarded 444 individual grants totaling $204,416,431. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yoel Sadovsky Executive Director/professor | OfficerTrustee | 92 | $597,348 |
Michael Annichine CEO | OfficerTrustee | 40 | $506,752 |
Gerald Schatten Professor | 40 | $330,895 | |
Sharon Hillier Professor | 40 | $324,686 | |
Kyle Orwig Professor | 40 | $280,666 | |
Hyagriv Simhan Professor | 40 | $236,253 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
M J Brunner Inc Marketing | 6/29/22 | $560,797 |
Luxe Event Planning | 6/29/22 | $513,712 |
Clark Hill Plc Legal | 6/29/22 | $204,108 |
Blackbaud Software | 6/29/22 | $162,240 |
Pitch Consulting Llc Event Organizer | 6/29/22 | $168,612 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $51,086 |
| Membership dues | $0 |
| Fundraising events | $164,389 |
| Related organizations | $0 |
| Government grants | $40,072,786 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,997,024 |
| Noncash contributions included in lines 1a–1f | $513,360 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,285,285 |
| Total Program Service Revenue | $935,335 |
| Investment income | $840,833 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $925,061 |
| Net Gain/Loss on Asset Sales | $3,288,112 |
| Net Income from Fundraising Events | -$41,020 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $58,233,606 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,155,514 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,609,261 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $911,888 |
| Compensation of current officers, directors, key employees. | $487,604 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,482,379 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,457,902 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $605,273 |
| Fees for services: Accounting | $86,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $195,000 |
| Fees for services: Investment Management | $299,965 |
| Fees for services: Other | $2,502,930 |
| Advertising and promotion | $160,163 |
| Office expenses | $539,720 |
| Information technology | $492,748 |
| Royalties | $0 |
| Occupancy | $2,601,543 |
| Travel | $725,226 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $78,782 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,020,660 |
| Insurance | $0 |
| All other expenses | $1,221,448 |
| Total functional expenses | $58,125,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,826,191 |
| Pledges and grants receivable | $11,354,711 |
| Accounts receivable, net | $510,495 |
| 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 | $733,842 |
| Net Land, buildings, and equipment | $30,262,052 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $55,734,770 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $105,422,061 |
| Accounts payable and accrued expenses | $3,742,824 |
| Grants payable | $2,549,162 |
| Deferred revenue | $252,726 |
| 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 | $23,752,226 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,072,700 |
| Total liabilities | $34,369,638 |
| Net assets without donor restrictions | $9,943,659 |
| Net assets with donor restrictions | $61,108,764 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $105,422,061 |
Grants Awarded
Over the last fiscal year, Magee-Womens Research Institute And Foundation has awarded $20,164,360 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
Pittsburgh, PA PURPOSE: Biomedical research | $9,408,432 |
Seattle, WA PURPOSE: Biomedical research | $1,748,934 |
Research Triangle Park, NC PURPOSE: Biomedical research | $957,740 |
Denver, CO PURPOSE: Biomedical research | $908,408 |
Pittsburg, PA PURPOSE: Program support | $610,810 |
THE UNIVERSITY OF TEXAS MD ANDERSON CANCER CENTER PURPOSE: Biomedical research | $567,870 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that Magee-Womens Research Institute And Foundation has recieved totaling $3,519,375.
| Awarding Organization | Amount |
|---|---|
Scaife Family Foundation West Palm Beach, FL PURPOSE: CARES PROGRAM | $1,500,000 |
Koum Family Foundation Palo Alto, CA PURPOSE: GENERAL CHARITY | $640,000 |
Koum Family Foundation Palo Alto, CA PURPOSE: GENERAL CHARITY | $370,000 |
Ovarian Cancer Research Fund Inc New York, NY PURPOSE: RESEARCH GRANT | $300,000 |
The Susan Thompson Buffett Foundation Omaha, NE PURPOSE: PROJECT SUPPORT | $227,049 |
Cystic Fibrosis Foundation Bethesda, MD PURPOSE: CLINICAL RESEARCH STUDY | $83,063 |
Endowment Analysis
| Beg. Balance | $27,700,984 |
| Earnings | -$1,732,954 |
| Net Contributions | $206,117 |
| Other Expense | $511,543 |
| Ending Balance | $25,662,604 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Elizabeth Seton Pediatric Center Yonkers, NY | $164,173,178 | $115,663,526 |
Saint Marys Hospital For Children Inc Bayside, NY | $163,358,524 | $102,313,252 |
Blythedale Childrens Hospital Valhalla, NY | $271,989,720 | $102,411,458 |
Good Shepherd Rehabilitation Hosp Allentown, PA | $57,653,412 | $80,489,930 |
Levindale Hebrew Geriatric Ctr & Hospital Inc Baltimore, MD | $101,881,010 | $76,269,735 |
Fox Chase Cancer Center Medical Group Inc Philadelphia, PA | $37,947,929 | $82,329,773 |
Magee Rehabilitation Hospital Philadelphia, PA | $274,504,681 | $82,150,847 |
Mt Washington Pediatric Hospital Inc Baltimore, MD | $171,025,864 | $70,608,912 |
Sunnyview Hospital And Rehabilitation Center Schenectady, NY | $57,470,156 | $63,251,505 |
Magee-Womens Research Institute And Foundation Pittsburgh, PA | $105,422,061 | $58,233,606 |
Bacharach Institute For Rehabilitation Inc Pomona, NJ | $75,857,509 | $36,251,929 |
Pennsylvania Psychiatric Institute Harrisburg, PA | $10,777,137 | $42,493,217 |