Western Michigan University Homer Stryker M D School Of Medicine
- Assets
- $424.5m
- Revenue
- $396.7m
- Investments
- $9.5m
- Employees
- 1,118
- Location
- Kalamazoo, MI
- Founding
- 06/2012
- Data as of
- 06/2021
- 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 06/2021, Wmu School Of Medicine employed 1,118 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 06/2021, Wmu School Of Medicine generated $396.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.9% each year . All expenses for the organization totaled $110.3m during the year ending 06/2021. While expenses have increased by 6.2% 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 2016, Wmu School Of Medicine has awarded 47 individual grants totaling $1,512,854. 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
2021
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.
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.
(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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenter Keith Assoc Dean For Clinical Affairs | Trustee | 40 | $772,615 |
Joseph Weistroffer Program Director, Dept Of Orthopedic Surgery | 40 | $582,343 | |
Robert Sawyer Chair, Dept Of Surgery | 40 | $553,696 | |
Karen Bovid Faculty, Dept Of Orthopedic Surgery | 40 | $482,538 | |
Saad Shebrain Program Director, Dept Of Surgery | 40 | $470,937 | |
Jenson Hal Dean Emeritus | OfficerTrustee | 40 | $419,634 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
West Michigan Cancer Center Rents | 6/29/21 | $259,599 |
Merritt Hawkins & Associates Llc Staffing Services | 6/29/21 | $172,500 |
Kalamazoo Emergency Associates Rents | 6/29/21 | $171,480 |
Miller Canfield Paddock And Stone Legal Counsel | 6/29/21 | $171,473 |
Walbridge Construction Services | 6/29/21 | $451,414 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $402,885 |
| Related organizations | $0 |
| Government grants | $3,037,817 |
| All other contributions, gifts, grants, and similar amounts not included above | $344,548,934 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $347,989,636 |
| Total Program Service Revenue | $43,851,676 |
| Investment income | $2,986,119 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,987,512 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$221,987 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $396,749,999 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $36,951 |
| Grants and other assistance to domestic individuals. | $2,207,565 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,891,345 |
| Compensation of current officers, directors, key employees. | $1,891,345 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,592,382 |
| Pension plan accruals and contributions | $6,396,322 |
| Other employee benefits | $6,385,686 |
| Payroll taxes | $4,052,101 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $148,947 |
| Fees for services: Accounting | $126,225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,926,370 |
| Advertising and promotion | $165,039 |
| Office expenses | $563,450 |
| Information technology | $1,693,786 |
| Royalties | $0 |
| Occupancy | $3,733,735 |
| Travel | $183,062 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $848,056 |
| Interest | $2,899,850 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,838,931 |
| Insurance | $439,673 |
| All other expenses | $629,170 |
| Total functional expenses | $110,280,831 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,064 |
| Savings and temporary cash investments | $12,912,785 |
| Pledges and grants receivable | $4,185,000 |
| Accounts receivable, net | $6,218,513 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $104,249 |
| Prepaid expenses and deferred charges | $1,802,184 |
| Net Land, buildings, and equipment | $95,652,130 |
| Investments—publicly traded securities | $14,352,712 |
| Investments—other securities | $9,522,851 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $279,716,431 |
| Total assets | $424,470,919 |
| Accounts payable and accrued expenses | $7,919,389 |
| Grants payable | $0 |
| Deferred revenue | $7,674,134 |
| 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 | $60,814,657 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,579,001 |
| Total liabilities | $90,987,181 |
| Net assets without donor restrictions | $21,246,405 |
| Net assets with donor restrictions | $312,237,333 |
| 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 | $424,470,919 |
Grants Awarded
Over the last fiscal year, Western Michigan University Homer Stryker M D School Of Medicine has awarded $429,849 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL MEDICAL SERVICES INC PURPOSE: TOXICOLOGY | $36,511 |
NATIONAL MEDICAL SERVICES INC PURPOSE: TOXICOLOGY | $36,511 |
NATIONAL MEDICAL SERVICES INC PURPOSE: TOXICOLOGY | $36,511 |
Kalamazoo, MI PURPOSE: SAFE SLEEP | $22,671 |
Kalamazoo, MI PURPOSE: SAFE SLEEP | $22,671 |
Kalamazoo, MI PURPOSE: SAFE SLEEP | $22,671 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Western Michigan University Homer Stryker M D School Of Medicine has recieved totaling $478,368.
| Awarding Organization | Amount |
|---|---|
Michael J Fox Foundation For Parkinsons Research New York, NY PURPOSE: PARKINSON'S RESEARCH | $100,000 |
United Way Of South Central Michigan Kalamazoo, MI PURPOSE: CRADLE DATA BACKBONE | $80,893 |
United Way Of South Central Michigan Kalamazoo, MI PURPOSE: FIMR | $75,000 |
Battle Creek Community Foundation Battle Creek, MI PURPOSE: EDUCATION / INSTRUCTION | $63,500 |
Kalamazoo Community Foundation Kalamazoo, MI PURPOSE: EDUCATION | $62,400 |
Cystic Fibrosis Foundation Bethesda, MD PURPOSE: CF CARE CENTER | $56,108 |
Endowment Analysis
| Beg. Balance | $7,287,190 |
| Earnings | $2,126,174 |
| Net Contributions | $684,789 |
| Other Expense | $107,437 |
| Ending Balance | $9,990,716 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Milwaukee School Of Engineering Milwaukee, WI | $385,282,772 | $169,996,674 |
Rose-Hulman Institute Of Technology Terre Haute, IN | $458,661,917 | $143,470,483 |
Western Michigan University Homer Stryker M D School Of Medicine Kalamazoo, MI | $424,470,919 | $396,749,999 |
Kettering University Flint, MI | $281,450,228 | $82,356,479 |
Thomas M Cooley Law School Lansing, MI | $152,371,660 | $35,841,498 |
Baker College Flint, MI | $13,078,843 | $33,232,892 |
Mount Carmel College Of Nursing Columbus, OH | $64,622,852 | $25,045,878 |
Michigan Association Of Intermediate School Administrators Lansing, MI | $1,736,500 | $28,905,123 |
Cleveland Institute Of Music Cleveland, OH | $89,548,246 | $30,049,400 |
Good Samaritan College Of Nursing And Health Science Cincinnati, OH | $6,845,010 | $5,407,521 |
Methodist Theological School In Ohio Delaware, OH | $73,405,314 | $12,096,173 |
Aileron Corp Tipp City, OH | $4,807,559 | $7,299,167 |