Des Moines University Osteopathic Medical Center, operating under the name Des Moines University, is located in Des Moines, IA. The organization was established in 1959. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 06/2022, Des Moines University employed 1,107 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Des Moines University 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, Des Moines University generated $87.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $69.8m during the year ending 06/2021. While expenses have increased by 2.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE LIVES IN OUR GLOBAL COMMUNITY BY EDUCATING DIVERSE GROUPS OF HIGHLY COMPETENT AND COMPASSIONATE HEALTH PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNIVERSITY PROVIDED HEALTH SCIENCE EDUCATION SERVICES TO AN ENROLLMENT OF 1,562 STUDENTS DURING THE FISCAL YEAR ENDED 6/30/22. THE UNIVERSITY COMPRISES THREE COLLEGES OFFERING NINE GRADUATE DEGREE PROGRAMS AND ADDITIONAL EDUCATION OPPORTUNITIES WHICH ALL SHARE A COLLECTIVE STRENGTH, WHICH IS A COLLABORATIVE CAMPUS COMMUNITY WHERE STUDENTS AND FACULTY COME TOGETHER IN THE PURSUIT OF KNOWLEDGE. THE PROGRAMS SHARE A SINGULAR MISSION, WHICH IS TO DEVELOP DISTINCTIVE HEALTH PROFESSIONALS COMMITTED TO HEALTH PROMOTION, THE DISCOVERY OF KNOWLEDGE AND SERVICE TO THE COMMUNITY. THE UNIVERSITY PROVIDES STUDENTS WITH THE KNOWLEDGE AND SKILLS NEEDED TO BECOME HEALTH CARE PROFESSIONALS DEDICATED TO MAINTAINING AND RESTORING THE HEALTH OF THEIR PATIENTS. CLASSROOM INSTRUCTION AND CLINICAL TRAINING, WHICH IS ORGANIZED ON A NATIONAL LEVEL AND AT THE UNIVERSITY'S CLINIC, ARE PRESENTED IN AN ATMOSPHERE WHERE HUMANITARIAN CONCERNS, SCHOLARLY ACTIVITY AND HEALTH CARE DELIVERY SUPPORT THE PRIMARY PURPOSE OF TEACHING AND LEARNING.
THE UNIVERSITY HOUSES A MULTI-SPECIALTY MEDICAL CLINIC PROVIDING BOTH CLINICAL TRAINING FOR STUDENTS AND HIGH QUALITY, COST EFFICIENT PATIENT CARE. THE MULTI-SPECIALTY FACULTY GROUP CONSISTING OF 28 PHYSICIANS AND NON-PHYSICIAN PROFESSIONAL PROVIDERS PERFORMED SERVICES FOR OVER 32,000 PATIENT VISITS, INCLUDING TELEHEALTH VISITS DURING THE COVID-19 PANDEMIC RESPONSE, ACROSS 5 SPECIALTIES. CLINIC STAFF AND PROVIDERS WORK AT COMMUNITY WELLNESS PROGRAMS AND HEALTH FAIRS SUCH AS PROVIDING SCHOOL PHYSICALS AND VACCINATIONS FREE OF CHARGE TO UNDERSERVED POPULATIONS. THE UNIVERSITY'S CLINIC SERVES THE GROWING IMMIGRANT AND REFUGEE POPULATION. IN THE LAST FISCAL YEAR THE UNIVERSITY'S CLINIC PROVIDED OVER 1,000 PATIENT APPOINTMENTS FOR PATIENTS REQUIRING AN INTERPRETER, INCLUDING NEARLY 500 REFUGEE PHYSICALS AND FOLLOW-UP APPOINTMENTS. THE UNIVERSITY'S CLINIC PROVIDED OVER $8,000 IN FREE OR DISCOUNTED HEALTH CARE TO ELIGIBLE PATIENTS THROUGH ITS FINANCIAL ASSISTANCE POLICY AND SELF PAY DISCOUNTS, PROVIDES RENT-FREE SPACE TO THE SENIOR HEALTH INSURANCE PROGRAM (SHIP) THROUGH WHICH OVER 200 SENIORS WERE SERVED, AND ALSO SERVES MEDICARE AND MEDICAID PATIENTS TO BENEFIT THE COMMUNITY IT SERVES. THE UNIVERSITY ACTS AS A LOCAL, STATE AND NATIONAL SOURCE FOR PRIMARY CARE PHYSICIANS AND ASSOCIATED HEALTH CARE PROVIDERS. IN RESPONSE TO THE COVID-19 PANDEMIC, THE CLINIC PROVIDED 650 VACCINES AND HANDED OUT OVER 5,000 MASKS TO PATIENTS AND VISITORS TO THE CLINIC.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Angela L Walker Franklin PHD President, CEO | Officer | 40 | $747,851 |
Steven Halm DO Dean | Officer | 40 | $382,895 |
Ralitsa Akins MD PHD Former Provost | 40 | $360,860 | |
Mark J Peiffer Senior VP And CFO | Officer | 40 | $352,404 |
Jose Figueroa Casanova DO Faculty | 40 | $281,083 | |
Sarah Parrott DO Faculty | 40 | $274,610 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Turner Construction Construction Services | 6/29/22 | $45,789,736 |
Rdg Ia Inc Consulting Services | 6/29/22 | $7,533,578 |
Graham Construction Company Construction Services | 6/29/22 | $676,017 |
Ug2 Llc Facilities Management | 6/29/22 | $2,938,347 |
Formation Group Inc Consulting Services | 6/29/22 | $565,782 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $4,802,521 |
Investment income | $4,819,051 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $571 |
Net Rental Income | $81,796 |
Net Gain/Loss on Asset Sales | $7,991,715 |
Net Income from Fundraising Events | -$20,597 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $87,558,866 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $3,795,677 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $2,450,944 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $29,229,062 |
Pension plan accruals and contributions | $2,295,020 |
Other employee benefits | $3,300,521 |
Payroll taxes | $2,122,461 |
Fees for services: Management | $0 |
Fees for services: Legal | $123,234 |
Fees for services: Accounting | $93,147 |
Fees for services: Lobbying | $25,500 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $608,164 |
Fees for services: Other | $4,598,177 |
Advertising and promotion | $349,204 |
Office expenses | $1,209,777 |
Information technology | $2,732,469 |
Royalties | $0 |
Occupancy | $1,609,220 |
Travel | $93,348 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $46,911 |
Interest | $4,441,975 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $4,638,758 |
Insurance | $443,653 |
All other expenses | $0 |
Total functional expenses | $69,760,373 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,475 |
Savings and temporary cash investments | $33,463,125 |
Pledges and grants receivable | $1,679,228 |
Accounts receivable, net | $945,489 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $4,812,598 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $1,963,361 |
Investments—publicly traded securities | $288,100,105 |
Investments—other securities | $28,357,018 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $7,489,783 |
Total assets | $450,267,375 |
Accounts payable and accrued expenses | $11,724,076 |
Grants payable | $5,093,618 |
Deferred revenue | $4,440,009 |
Tax-exempt bond liabilities | $188,086,830 |
Escrow or custodial account liability | $246,885 |
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 | $4,302,841 |
Total liabilities | $213,894,259 |
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 | $236,373,116 |
Over the last fiscal year, we have identified 8 grants that Des Moines University Osteopathic Medical Center has recieved totaling $133,694.
Awarding Organization | Amount |
---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $28,800 |
Quad Cities Community Foundation Bettendorf, IA PURPOSE: ANNUAL GRANT FOR SCHOLARSHIPS FOR OSTEOPATHIC MEDICAL STUDENTS | $26,200 |
Partners Of The Americas Inc Washington, DC PURPOSE: STUDENT SCHOLARSHIP GRANT | $26,175 |
Delta Dental Of Iowa Foundation Johnston, IA PURPOSE: FUNDING FOR A HEALTH ASSESSMENT TO BETTER ILLUMINATE ORAL, MENTAL, AND VISION HEALTH DISPARITIES AMONG LGBTQ IOWANS. | $25,000 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION FOR THE SCIENCE BUILDING | $15,000 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $6,250 |
Beg. Balance | $97,752,366 |
Earnings | -$16,453,110 |
Admin Expense | $499,061 |
Net Contributions | $2,033,217 |
Other Expense | $6,032,798 |
Grants | $1,178,593 |
Ending Balance | $75,622,021 |
Organization Name | Assets | Revenue |
---|---|---|
Rosalind Franklin University Of Medicine & Science North Chicago, IL | $321,942,163 | $130,066,998 |
Moody Bible Institute Of Chicago Chicago, IL | $517,402,862 | $263,295,292 |
Kansas City University Kansas City, MO | $396,275,959 | $114,344,236 |
Concordia University Seward, NE | $159,765,719 | $82,672,244 |
Des Moines University Osteopathic Medical Center Des Moines, IA | $450,267,375 | $87,558,866 |
Palmer College Foundation Davenport, IA | $257,383,249 | $91,492,236 |
Accreditation Council For Graduate Medical Education Chicago, IL | $103,044,710 | $71,823,147 |
University Of Health Sciences And Pharmacy In St Louis Saint Louis, MO | $314,379,266 | $75,273,875 |
Mitchell Hamline School Of Law St Paul, MN | $82,186,251 | $56,266,158 |
Independent School District No 535 Health & Dental Care Rochester, MN | $8,853,710 | $33,608,097 |
North Central University Minneapolis, MN | $48,028,269 | $37,778,406 |
Illinois College Of Optometry Chicago, IL | $110,244,360 | $41,438,897 |