Kaiser Permanente Bernard J Tyson School Of Medicine Inc
- Assets
- $108.7m
- Revenue
- $100.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Oakland, CA
- Founding
- 04/2018
- Data as of
- 12/2023
- EIN
- 81-4053028
Organization Overview
Kaiser Permanente Bernard J Tyson School Of Medicine Inc is located in Oakland, CA. The organization was established in 2018. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kaiser Permanente Bernard J Tyson School Of Medicine 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 12/2023, Kaiser Permanente Bernard J Tyson School Of Medicine Inc generated $100.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 35.0% each year . All expenses for the organization totaled $99.1m during the year ending 12/2023. While expenses have increased by 34.7% 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 2020, Kaiser Permanente Bernard J Tyson School Of Medicine Inc has awarded 12 individual grants totaling $1,733,749. 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
PROVIDE A WORLD-CLASS MEDICAL EDUCATION THAT IGNITES A PASSION FOR LEARNING, DESIRE TO SERVE & COMMITMENT TO IMPROVE THE HEALTH & WELL-BEING OF PATIENTS & COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A MEDICAL SCHOOL IN SOUTHERN CALIFORNIA INCORPORATING ADVANCED HEALTH INFORMATION TECHNOLOGY, ACKNOWLEDGING THE IMPORTANCE OF COLLABORATION, AND PROMOTING DIVERSITY AND INCLUSION TO DELIVER HEALTH EQUITY. THE SCHOOL OF MEDICINE HAS WAIVED TUITION FOR THE ENTERING CLASSES OF 2020-2024 (I.E. FIRST 5 CLASSES). THE TUITION WAIVER APPLIES TO EACH CLASS FOR THEIR FOUR YEARS OF ENROLLMENT. FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, THE TOTAL AMOUNT OF TUITION WAIVED WAS APPROXIMATELY $9.0 MILLION AND $6.1 MILLION, RESPECTIVELY. THE KAISER PERMANENTE BERNARD J. TYSON SCHOOL OF MEDICINE DEMONSTRATED ITS CONTINUED COMMITMENT TO ITS MISSION, VISION, AND VALUES BY ADMITTING A DIVERSE GROUP OF STUDENTS TO ITS FOURTH COHORT (44% UNDERREPRESENTED IN MEDICINE, 40% DISADVANTAGED, 32% NONTRADITIONAL, 26% FIRST-GENERATION). THE SCHOOL WAIVES TUITION AND FEES FOR ALL FOUR YEARS OF ENROLLMENT FOR ITS FIRST FIVE COHORTS AND CONTINUES TO PROVIDE SUBSTANTIAL INSTITUTIONAL GRANT AID TO OFFSET LIVING EXPENSES (E.G., ROOM AND BOARD, TRANSPORTATION).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Miller-Phipps Director | Trustee | 1 | $0 |
Mark Zemelman Svp, General Counsel & Secy | 0 | $0 | |
Vanessa Benavides Svp,chief Legal Officer & Secy | Officer | 1 | $0 |
Thomas Meier Svp, Corporate Treasurer | Officer | 1 | $0 |
Mark Schuster Dean, President & CEO | OfficerTrustee | 50 | $0 |
Andrew Bindman Director | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Permanente Federation Llc Education Services | 12/30/23 | $12,565,696 |
Pricewaterhousecoopers Llp Consulting Services | 12/30/23 | $2,654,304 |
Rose International Inc Staffing Services | 12/30/23 | $2,542,690 |
Gibson Dunn And Crutcher Llp Legal Services | 12/30/23 | $1,215,375 |
Wpp Group Usa Inc Media Services | 12/30/23 | $723,387 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $96,883,318 |
| Government grants | $1,221,660 |
| All other contributions, gifts, grants, and similar amounts not included above | $135,297 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $98,240,275 |
| Total Program Service Revenue | $466,869 |
| Investment income | $2,412,680 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$832,403 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $100,291,027 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $247,970 |
| Grants and other assistance to domestic individuals. | $6,045,376 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $224,200 |
| Compensation of current officers, directors, key employees. | $224,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,900,521 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,240,285 |
| Payroll taxes | $100,775 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $983,068 |
| Fees for services: Accounting | $143,210 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $74,368 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,816,469 |
| Office expenses | $302,899 |
| Information technology | $1,597,261 |
| Royalties | $0 |
| Occupancy | $7,531,387 |
| Travel | $1,123,808 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $631,035 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $236,740 |
| Insurance | $1,120,011 |
| All other expenses | $2,134,457 |
| Total functional expenses | $99,114,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,704 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $789,650 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,270,034 |
| Net Land, buildings, and equipment | $695,965 |
| Investments—publicly traded securities | $50,309,562 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $55,640,932 |
| Total assets | $108,709,847 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $279,501 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $53,300,846 |
| Total liabilities | $53,580,347 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $55,129,500 |
| Total liabilities and net assets/fund balances | $108,709,847 |
Grants Awarded
Over the last fiscal year, Kaiser Permanente Bernard J Tyson School Of Medicine Inc has awarded $247,970 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
INFO & REFERRAL FEDERATION OF LA COUNTY PURPOSE: RESEARCH | $35,204 |
UNIVERSITY OF CALIFORNIA LOS ANGELES PURPOSE: Research | $165,940 |
VIRGINIA COMMONWEALTH UNIVERSITY PURPOSE: RESEARCH | $46,826 |