The Medical College Of Wisconsin Inc
- Assets
- $2.5b
- Revenue
- $1.3b
- Investments
- $1.3b
- Employees
- 7,052
- Location
- Milwaukee, WI
- Founding
- 11/1968
- Data as of
- 06/2020
- EIN
- 39-0806261
Organization Overview
The Medical College Of Wisconsin Inc is located in Milwaukee, WI. The organization was established in 1968. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Medical College Of Wisconsin Inc employed 7,052 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medical College Of Wisconsin 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 06/2020, Medical College Of Wisconsin Inc generated $1.3b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $1.2b during the year ending 06/2020. While expenses have increased by 3.5% per year over the past 6 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, Medical College Of Wisconsin Inc has awarded 1,180 individual grants totaling $248,991,351. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
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)
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - APPROXIMATELY 1,500 STUDENTS ARE ENROLLED IN DEGREE-GRANTING EDUCATIONAL PROGRAMS AT MCW. THIS INCLUDES 995 MEDICAL STUDENTS, 326 GRADUATE STUDENTS, 139 PHARMACY STUDENTS, AND 47 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)
RESEARCH - MCW IS A MAJOR NATIONAL RESEARCH CENTER AND THE SECOND LARGEST RESEARCH INSTITUTION IN WISCONSIN. IN FISCAL YEAR 2021, MCW INVESTED $317.5 MILLION IN RESEARCH, TEACHING, TRAINING AND RELATED PURPOSES WHICH WILL LEAD TO IMPROVED PATIENT CARE AND HEALTH OUTCOMES. THIS TOTAL INCLUDES $119.3 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)
PATIENT CARE - APPROXIMATELY 1,680 MCW PHYSICIANS AND 750 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)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Max C Lee MD Asst Prof-Neurosurgery | 40 | $2,448,434 | |
Viktor Hraska MD Chief, Prof-Ped Cardiac Surg | 2 | $1,823,839 | |
Shekar N Kurpad MD Chair, Prof-Neurosurgery | 40 | $1,426,450 | |
Abdel Alqwasmi MD Physician-Hematology/med Oncol | 40 | $1,398,811 | |
Douglas B Evans MD Chair, Prof-Surgery | 40 | $1,395,358 | |
John R Raymond Sr MD Trustee/president And CEO | OfficerTrustee | 40 | $1,232,811 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Froedtert Health Medical Group Physician/shared Svc | 6/29/21 | $14,430,683 |
Natl Marrow Donor Program Research Subcontract | 6/29/21 | $12,720,302 |
Affiliated Construction Services In Construction Service | 6/29/21 | $6,354,519 |
Medical College Of Wi Affil Hosp Resident Services | 6/29/21 | $8,794,636 |
Froedtert Health Inc Contractual Services | 6/29/21 | $6,189,797 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $207,371,004 |
| Investment income | $25,801,789 |
| Tax Exempt Bond Proceeds | $12,740 |
| Royalties | $934,251 |
| Net Rental Income | $152,565 |
| Net Gain/Loss on Asset Sales | $56,628,132 |
| Net Income from Fundraising Events | -$360,105 |
| Net Income from Gaming Activities | $7,235 |
| Net Income from Sales of Inventory | $73,136 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,286,151,484 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $12,222,670 |
| Grants and other assistance to Foreign Orgs/Individuals | $497,235 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $12,714,624 |
| Compensation to disqualified persons | $643,053 |
| Other salaries and wages | $774,808,228 |
| Pension plan accruals and contributions | $42,097,330 |
| Other employee benefits | $61,466,896 |
| Payroll taxes | $41,769,385 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,448,908 |
| Fees for services: Accounting | $776,107 |
| Fees for services: Lobbying | $225,802 |
| Fees for services: Fundraising | $40,488 |
| Fees for services: Investment Management | $6,300,566 |
| Fees for services: Other | $48,101,144 |
| Advertising and promotion | $2,482,737 |
| Office expenses | $7,995,065 |
| Information technology | $16,739,397 |
| Royalties | $187,442 |
| Occupancy | $35,247,555 |
| Travel | $7,326,537 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,728,795 |
| Interest | $10,690,765 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,885,264 |
| Insurance | $663,743 |
| All other expenses | $0 |
| Total functional expenses | $1,217,951,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,295 |
| Savings and temporary cash investments | $117,979,335 |
| Pledges and grants receivable | $73,543,272 |
| Accounts receivable, net | $109,338,132 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $74,387 |
| Prepaid expenses and deferred charges | $6,845,795 |
| Investments—publicly traded securities | $393,441,110 |
| Investments—other securities | $1,317,050,875 |
| Investments—program-related | $116,419,801 |
| Intangible assets | $6,088,544 |
| Other assets | $104,984,084 |
| Total assets | $2,541,731,692 |
| Accounts payable and accrued expenses | $264,481,685 |
| Grants payable | $0 |
| Deferred revenue | $20,640,652 |
| Tax-exempt bond liabilities | $313,895,344 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,873,851 |
| Unsecured mortgages and notes payable | $1,495,200 |
| Other liabilities | $125,485,329 |
| Total liabilities | $736,872,061 |
| 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 |
| Total liabilities and net assets/fund balances | $1,804,859,631 |
Grants Awarded
Over the last fiscal year, The Medical College Of Wisconsin Inc has awarded $39,129,892 in support to 163 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: RESEARCH SUBAWARD | $11,352,005 |
EMMES CORPORATION THE PURPOSE: RESEARCH SUBAWARD | $3,945,565 |
UNIVERSITY OF WISCONSIN MADISON PURPOSE: RES SUB/MED EDUC | $1,268,593 |
Milwaukee, WI PURPOSE: RES SUB/AHW | $1,167,343 |
San Francisco, CA PURPOSE: RES SUB/MED EDUC | $1,123,080 |
UNIVERSITY OF IOWA PURPOSE: RESEARCH SUBAWARD | $1,000,665 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Medical College Of Wisconsin Inc has recieved totaling $44,123.
| Awarding Organization | Amount |
|---|---|
C&s Patient Education Foundation Wexford, PA PURPOSE: RESTING STATE FMRI - COGN & PAIN | $33,873 |
Gebhardt Foundation Inc Milwaukee, WI PURPOSE: GENERAL SUPPORT | $10,000 |
Clarence And Pearl Becker Charitable Foundation Milwaukee, WI PURPOSE: GENERAL | $250 |
Endowment Analysis
| Beg. Balance | $1,233,714,567 |
| Earnings | $407,314,289 |
| Admin Expense | $8,547,234 |
| Net Contributions | $22,691,492 |
| Other Expense | $27,162,823 |
| Grants | $1,635,348 |
| Ending Balance | $1,626,374,943 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Depaul University Chicago, IL | $1,757,707,866 | $903,291,560 |
Loyola University Of Chicago Chicago, IL | $2,523,912,579 | $813,555,821 |
Marquette University Milwaukee, WI | $1,675,810,000 | $679,500,550 |
University Of St Thomas St Paul, MN | $1,542,547,921 | $470,760,335 |
Illinois Institute Of Technology Chicago, IL | $730,458,628 | $396,565,185 |
Drake University Des Moines, IA | $538,166,489 | $252,974,293 |
Bradley University Peoria, IL | $712,945,458 | $238,646,085 |
Calvin University Grand Rapids, MI | $488,669,511 | $185,893,983 |
Roosevelt University Chicago, IL | $461,911,353 | $160,424,797 |
University Of Detroit Mercy Detroit, MI | $289,746,215 | $171,830,708 |
Aurora University Aurora, IL | $221,966,879 | $150,735,428 |
Olivet Nazarene University Bourbonnais, IL | $243,527,041 | $142,248,844 |