Magee-Womens Research Institute And Foundation
- Assets
- $103.8m
- Revenue
- $68.7m
- Investments
- $54.2m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 06/1986
- Data as of
- 06/2023
- 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 06/2023, Magee-Womens Research Institute And Foundation generated $68.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $71.9m during the year ending 06/2023. While expenses have increased by 3.2% per year over the past 8 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 387 individual grants totaling $198,326,406. 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
2023
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yoel Sadovsky Executive Director/professor | OfficerTrustee | 92 | $605,555 |
Michael Annichine CEO | OfficerTrustee | 40 | $531,736 |
Pamela Moalli Professor | 40 | $394,164 | |
Gerald Schatten Professor | 40 | $340,596 | |
Sharon Hillier Professor | 40 | $336,725 | |
Kyle Orwig Professor | 40 | $281,277 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clark Hill Plc Legal | 6/29/23 | $587,947 |
Pitch Consulting Llc Event Organizer | 6/29/23 | $264,118 |
Blackbaud Software | 6/29/23 | $159,065 |
M J Brunner Inc Marketing | 6/29/23 | $603,930 |
Berardi Group Marketing/public Relations | 6/29/23 | $145,697 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $45,148 |
| Membership dues | $0 |
| Fundraising events | $133,322 |
| Related organizations | $0 |
| Government grants | $49,812,973 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,296,500 |
| Noncash contributions included in lines 1a–1f | $165,197 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,287,943 |
| Total Program Service Revenue | $780,842 |
| Investment income | $1,085,641 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $187,017 |
| Net Gain/Loss on Asset Sales | $1,564,835 |
| Net Income from Fundraising Events | -$157,749 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $68,748,529 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,433,758 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,129,446 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $903,797 |
| Compensation of current officers, directors, key employees. | $498,437 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,963,006 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,775,724 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $613,109 |
| Fees for services: Accounting | $70,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $270,000 |
| Fees for services: Investment Management | $275,003 |
| Fees for services: Other | $1,608,080 |
| Advertising and promotion | $147,112 |
| Office expenses | $534,721 |
| Information technology | $435,172 |
| Royalties | $0 |
| Occupancy | $2,433,050 |
| Travel | $901,884 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $82,578 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,032,107 |
| Insurance | $0 |
| All other expenses | $1,618,231 |
| Total functional expenses | $71,943,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,071,521 |
| Pledges and grants receivable | $14,552,991 |
| Accounts receivable, net | $577,858 |
| 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 | $790,755 |
| Net Land, buildings, and equipment | $28,576,949 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $54,204,741 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $103,774,815 |
| Accounts payable and accrued expenses | $4,235,552 |
| Grants payable | $5,770,481 |
| Deferred revenue | $227,320 |
| 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 | $22,643,660 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,638,573 |
| Total liabilities | $37,515,586 |
| Net assets without donor restrictions | $6,708,015 |
| Net assets with donor restrictions | $59,551,214 |
| 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 | $103,774,815 |
Grants Awarded
Over the last fiscal year, Magee-Womens Research Institute And Foundation has awarded $35,435,040 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
CARNEGIE MELLON UNIVERSITY PURPOSE: Biomedical research | $20,167 |
CORNELL UNIVERSITY PURPOSE: Biomedical research | $400,040 |
AIDS VACCINE ADVOCACY COALITION PURPOSE: Biomedical research | $382,036 |
THE CHILDREN'S HOSPITAL OF PHILADELPHIA PURPOSE: Biomedical research | $422,288 |
DENVER HEALTH & HOSPITAL AUTHORITY PURPOSE: Biomedical research | $8,600 |
DUKE UNIVERSITY PURPOSE: Biomedical research | $220,045 |