Western Michigan University Homer Stryker M D School Of Medicine
- Assets
- $444.4m
- Revenue
- $122.2m
- Investments
- $10.5m
- Employees
- 1,189
- Location
- Kalamazoo, MI
- Founding
- 06/2012
- Data as of
- 06/2023
- EIN
- 45-4135256
Organization Overview
Western Michigan University Homer Stryker M D School Of Medicine, operating under the name Wmu School Of Medicine, is located in Kalamazoo, MI. The organization was established in 2012. 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 06/2023, Wmu School Of Medicine employed 1,189 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wmu School Of Medicine 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, Wmu School Of Medicine generated $122.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $121.5m during the year ending 06/2023. While expenses have increased by 6.7% 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 2016, Wmu School Of Medicine has awarded 29 individual grants totaling $1,226,288. 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
TO OWN AND OPERATE AN INSTITUTION OF HIGHER LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCT MEDICAL RESEARCH AND PERFORM CLINICAL ACTIVITIES NORMALLY PERFORMED BY AN INSTITUTION THAT CONDUCTS PROGRAMS OF MEDICAL EDUCATION AND TRAINING. PROVIDE FACILITY, ADMINISTRATIVE AND BUSINESS SUPPORT SERVICES TO NURTURE THE DEVELOPMENT OF HIGH TECHNOLOGY AND LIFE SCIENCE BUSINESS ENTERPRISES.
(A) GRANT HEALTHCARE-RELATED DEGREES INCLUDING THE DOCTOR OF MEDICINE DEGREE TO STUDENTS WHO SATISFACTORILY COMPLETE THE INSTITUTION'S DEGREE-SPECIFIC PROGRAMS OF MEDICAL EDUCATION AND TRAINING;(B) PROVIDE AND CONDUCT CONTINUING EDUCATION AND TRAINING PROGRAMS FOR HEALTHCARE PROVIDERS; (C) CHARGE AND COLLECT TUITION FROM PERSONS ENROLLED AS STUDENTS IN ITS EDUCATIONAL PROGRAMS AND AWARD SCHOLARSHIPS TO STUDENTS;(D) HAVE AFFILIATIONS WITH HOSPITALS, MEDICAL CENTERS, AND PRIVATE PHYSICIAN PRACTICES WHERE STUDENTS, RESIDENTS, AND FELLOWS RECEIVE PRACTICAL EXPERIENCE AND TRAINING AS A PART OF THEIR EDUCATION AND TRAINING.
PROVIDE AND CONDUCT GRADUATE MEDICAL EDUCATION AND TRAINING PROGRAMS IN SPECIALIZED FIELDS OF MEDICINE FOR RESIDENTS AND FELLOWS WHO HAVE EARNED A DOCTOR OF MEDICINE DEGREE OR EQUIVALENT.
PROVIDE AND CONDUCT MEDICAL EDUCATION AND TRAINING PROGRAMS THAT LEAD TO HEALTHCARE-RELATED DEGREES INCLUDING THE DEGREE OF DOCTOR OF MEDICINE IN A PROGRAM ACCREDITED BY THE LIAISON COMMITTEE ON MEDICAL EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Termuhlen Dean | OfficerTrustee | 40 | $582,956 |
Lori Straube Assoc Dean Of Admin & Fina | Trustee | 40 | $246,597 |
Lauren Piper Assoc Dean For Clinical Af | Trustee | 40 | $214,675 |
Bill Manns Secretary | OfficerTrustee | 0.5 | $0 |
Edward Montgomery Chairman | OfficerTrustee | 0.5 | $0 |
Peter Bergmann Treasurer | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Merck Sharp & Dohme Llc Health Care Services | 6/29/23 | $238,544 |
Executive Consulting Group Llc Management Consultant | 6/29/23 | $227,043 |
Merritt Hawkins & Associates Llc Staffing Services | 6/29/23 | $174,178 |
Tri State Removals Llc Transportation Services | 6/29/23 | $148,569 |
West Michigan Lawn Services Lawncare Services | 6/29/23 | $114,424 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,141 |
| Related organizations | $0 |
| Government grants | $7,724,268 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,383,793 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,114,202 |
| Total Program Service Revenue | $54,168,963 |
| Investment income | $504,163 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,202,799 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$4,186 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $122,159,774 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,404,917 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,088,768 |
| Compensation of current officers, directors, key employees. | $1,088,768 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $69,870,533 |
| Pension plan accruals and contributions | $5,195,141 |
| Other employee benefits | $6,524,291 |
| Payroll taxes | $4,515,071 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $109,547 |
| Fees for services: Accounting | $196,806 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,571,371 |
| Advertising and promotion | $187,262 |
| Office expenses | $439,225 |
| Information technology | $1,800,325 |
| Royalties | $0 |
| Occupancy | $4,009,474 |
| Travel | $231,997 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,670,315 |
| Interest | $2,975,364 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,281,906 |
| Insurance | $643,631 |
| All other expenses | $874,165 |
| Total functional expenses | $121,503,732 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,820 |
| Savings and temporary cash investments | $22,335,030 |
| Pledges and grants receivable | $3,147,500 |
| Accounts receivable, net | $7,140,008 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $150,019 |
| Prepaid expenses and deferred charges | $2,002,567 |
| Net Land, buildings, and equipment | $91,846,056 |
| Investments—publicly traded securities | $13,823,302 |
| Investments—other securities | $10,513,983 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $293,399,451 |
| Total assets | $444,367,736 |
| Accounts payable and accrued expenses | $6,504,636 |
| Grants payable | $0 |
| Deferred revenue | $11,909,474 |
| 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 | $57,240,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,980,399 |
| Total liabilities | $97,634,509 |
| Net assets without donor restrictions | $29,659,087 |
| Net assets with donor restrictions | $317,074,140 |
| 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 | $444,367,736 |
Grants Awarded
Over the last fiscal year, Western Michigan University Homer Stryker M D School Of Medicine has awarded $143,283 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BRONSON METHODIST HOSPITAL PURPOSE: CLINICAL RESEARCH | $21,375 |
FERRIS STATE UNIVERSITY PURPOSE: CHARM GRANT | $10,529 |
KALAMAZOO COLLEGE PURPOSE: EIH-2 GRANT | $5,467 |
MICHIGAN STATE UNIVERSITY PURPOSE: CRANIAL VAULT FRACTURE GRANT | $12,935 |
NATIONAL MEDICAL SERVICES INC PURPOSE: TOXICOLOGY | $36,511 |
NORTH AMERICAN SCIENCE ASSOCIATES PURPOSE: BAF | $8,600 |