The Medical College Of Wisconsin Inc

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 06/2022, Medical College Of Wisconsin Inc employed 7,385 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 06/2021, Medical College Of Wisconsin Inc generated $1.4b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $1.3b during the year ending 06/2021. While expenses have increased by 3.8% 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, Medical College Of Wisconsin Inc has awarded 1,189 individual grants totaling $255,111,153. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

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 1,600 STUDENTS ARE ENROLLED IN DEGREE-GRANTING EDUCATIONAL PROGRAMS AT MCW. THIS INCLUDES 1,023 MEDICAL STUDENTS, 409 GRADUATE STUDENTS, 130 PHARMACY STUDENTS, AND 53 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 2022, MCW INVESTED $348.0 MILLION IN RESEARCH, TEACHING, TRAINING AND RELATED PURPOSES WHICH WILL LEAD TO IMPROVED PATIENT CARE AND HEALTH OUTCOMES. THIS TOTAL INCLUDES $132.3 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 1,780 MCW PHYSICIANS AND 905 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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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Natl Marrow Donor Program
Research Subcontract
$14,507,012
Medical College Of Wi Affil Hosp
Resident Services
$9,981,116
Froedtert Health Medical Group
Physician/shared Svc
$15,012,525
Froedtert Health Inc
Contractual Services
$8,313,456
Miron Construction Co Inc
Construction Service
$6,296,942
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$240,236,197
Investment income $25,947,326
Tax Exempt Bond Proceeds $367
Royalties $1,497,162
Net Rental Income $204,533
Net Gain/Loss on Asset Sales $36,362,094
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $84,639
Miscellaneous Revenue$0
Total Revenue $1,363,134,190

Grants Awarded

Over the last fiscal year, The Medical College Of Wisconsin Inc has awarded $40,530,214 in support to 155 organizations.

Grant RecipientAmount

2 STORY CREATIVE LTD

PURPOSE: ADVANCE HEALTH WI

$146,849

AIDS FOUNDATION OF CHICAGO

PURPOSE: RESEARCH SUBAWARD

$71,733

AIDS RESOURCE CENTER OF WISCONSIN INC

PURPOSE: RES SUB/HIV CARE

$164,780

16TH ST COMMUNITY HEALTH CENTER

PURPOSE: RES SUB/AHW

$106,760

AIDS TASKFORCE OF GREATER CLEVELAND

PURPOSE: RESEARCH SUBAWARD

$203,278

ALMA CENTER INC

PURPOSE: ADVANCE HEALTH WI

$10,000
View Grant Profile

Peer Organizations

Organization NameAssets
Depaul University
Chicago, IL
$889,340,745
Loyola University Of Chicago
Chicago, IL
$813,555,821
Marquette University
Milwaukee, WI
$725,388,000
University Of St Thomas
St Paul, MN
$513,833,802
Illinois Institute Of Technology
Chicago, IL
$364,483,065
Bradley University
Peoria, IL
$223,758,505
Drake University
Des Moines, IA
$252,974,293
University Of Detroit Mercy
Detroit, MI
$189,038,227
Calvin University
Grand Rapids, MI
$190,369,265
Roosevelt University
Chicago, IL
$131,830,306
Aurora University
Aurora, IL
$160,759,615
Olivet Nazarene University
Bourbonnais, IL
$142,248,844
St Catherine University
St Paul, MN
$129,561,387
North Central College
Naperville, IL
$135,795,363
Elmhurst University
Elmhurst, IL
$145,021,170
National-Louis University
Wheeling, IL
$126,590,535
Saint Johns University
Collegeville, MN
$153,092,093
Saint Xavier University
Chicago, IL
$126,701,942
Carthage College
Kenosha, WI
$125,157,339
Trustees Of The Hamline University Of Minnesota
St Paul, MN
$118,390,066
Dominican University
River Forest, IL
$111,703,155
St Ambrose University
Davenport, IA
$124,435,505
Concordia University St Paul
Saint Paul, MN
$104,293,216
St Marys University Of Minnesota
Winona, MN
$96,920,381
Benedictine University
Lisle, IL
$96,146,147

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