William K Warren Medical Research Center Inc

Organization Overview

William K Warren Medical Research Center Inc is located in Tulsa, OK. The organization was established in 1973. According to its NTEE Classification (H90) the organization is classified as: Medical Disciplines Research, under the broad grouping of Medical Research and related organizations. As of 12/2021, William K Warren Medical Research Center Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William K Warren Medical Research Center 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 12/2020, William K Warren Medical Research Center Inc generated $369.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (40.1%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDES SUPPORT TO SAINT FRANCIS HEALTH SYSTEM PRIMARILY BY MANAGING, ACQUIRING, AND BUILDING ANCILLARY REAL ESTATE FACILITIES AND SUPPORTING MEDICAL RESEARCH.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SINCE 1973, THE WILLIAM K. WARREN MEDICAL RESEARCH CENTER, INC. ("WMRC") HAS HELPED SUPPORT SAINT FRANCIS HEALTH SYSTEM, INC. ("SFHS"). A PRIMARY PURPOSE OF WMRC IS TO SUPPORT SFHS BY HOLDING, MANAGING, ACQUIRING AND BUILDING ANCILLARY REAL ESTATE FACILITIES SO THAT SFHS CAN FOCUS ON HEALTH CARE DELIVERY. FOR EXAMPLE, WMRC, BOTH DIRECTLY AND THROUGH ITS 501(C)(2) TITLE HOLDING SUBSIDIARY, OWNS AND OPERATES A NUMBER OF LARGE MEDICAL OFFICE BUILDINGS USED BY SAINT FRANCIS PHYSICIANS AND WHICH HOUSE DEPARTMENTS OF SAINT FRANCIS HOSPITAL. WMRC ALSO PROVIDES STRATEGIC PROPERTY CONSULTING SERVICES AND EXPERTISE TO SFHS IN EVALUATING AND PLANNING FOR FUTURE REAL ESTATE NEEDS.


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Board, Officers & Key Employees

Name (title)Compensation
D Koschmeder
Information Technology Manager
$153,044
W K Warren Jr
Chairman
$0
J-K C Warren
Trustee/vice President
$0
T Cooper
President And CEO
$0
P Glenn
Treasurer
$0
D Mcmanus
Asst Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$2,343,969
Investment income $1,059,813
Tax Exempt Bond Proceeds $0
Royalties $293,281
Net Rental Income $0
Net Gain/Loss on Asset Sales -$3,723,181
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $369,200

Grants Awarded

Over the last fiscal year, William K Warren Medical Research Center Inc has awarded $500,000 in support to 2 organizations.

Grant RecipientAmount

Tulsa, OK

PURPOSE: Support " The Machine" Tulsa Bike Share program

$300,000

OU HEALTH SCIENCES CENTER

PURPOSE: CANCER RESEARCH

$200,000
View Grant Profile

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