Magee-Womens Research Institute And Foundation
- Assets
- $116.7m
- Revenue
- $54.8m
- Investments
- $62.2m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 06/1986
- Data as of
- 06/2021
- EIN
- 25-1462312
Organization Overview
Magee-Womens Research Institute And Foundation is located in Pittsburgh, PA. The organization was established in 1986. According to its NTEE Classification (E24) the organization is classified as: Specialty Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2021, Magee-Womens Research Institute And Foundation generated $54.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $55.8m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Magee-Womens Research Institute And Foundation has awarded 281 individual grants totaling $142,727,006. 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
SEE SCHEDULE O, STATEMENT 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yoel Sadovsky Executive Director/professor | OfficerTrustee | 92 | $592,345 |
Michael Annichine CEO | OfficerTrustee | 40 | $551,264 |
Gerald Schatten Professor | 40 | $329,427 | |
Sharon Hillier Professor | 40 | $325,772 | |
Hyagriv Simhan Professor | 40 | $234,322 | |
Ronald Buckanovich Professor | 40 | $231,523 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Luxe Event Planning | 6/29/21 | $279,500 |
Smith Brothers Agency Lp Web Development | 6/29/21 | $488,590 |
Berardigroup Marketing/public Relations | 6/29/21 | $135,215 |
Pitch Consulting Event Planning | 6/29/21 | $153,056 |
Anago Of Western Pa Cleaning Services | 6/29/21 | $123,430 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $54,481 |
| Membership dues | $0 |
| Fundraising events | $44,833 |
| Related organizations | $0 |
| Government grants | $36,519,631 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,310,942 |
| Noncash contributions included in lines 1a–1f | $917,097 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,929,887 |
| Total Program Service Revenue | $333,945 |
| Investment income | $639,096 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $893,732 |
| Net Gain/Loss on Asset Sales | $3,979,086 |
| Net Income from Fundraising Events | -$9,624 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $54,766,122 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,102,881 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,382,763 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $993,887 |
| Compensation of current officers, directors, key employees. | $562,358 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,948,785 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,541,712 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $167,008 |
| Fees for services: Accounting | $62,658 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $301,696 |
| Fees for services: Other | $1,692,899 |
| Advertising and promotion | $120,699 |
| Office expenses | $459,170 |
| Information technology | $337,977 |
| Royalties | $0 |
| Occupancy | $2,866,441 |
| Travel | $125,686 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $122,008 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,927,802 |
| Insurance | $0 |
| All other expenses | $655,818 |
| Total functional expenses | $55,770,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,328,438 |
| Pledges and grants receivable | $10,041,214 |
| Accounts receivable, net | $495,350 |
| 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 | $781,197 |
| Net Land, buildings, and equipment | $31,838,660 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $62,213,834 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $116,698,693 |
| Accounts payable and accrued expenses | $3,589,179 |
| Grants payable | $2,712,451 |
| Deferred revenue | $136,834 |
| 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 | $24,806,836 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,518,030 |
| Total liabilities | $35,763,330 |
| Net assets without donor restrictions | $13,082,917 |
| Net assets with donor restrictions | $67,852,446 |
| 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 | $116,698,693 |
Grants Awarded
Over the last fiscal year, Magee-Womens Research Institute And Foundation has awarded $19,114,177 in support to 53 organizations.
| Grant Recipient | Amount |
|---|---|
Pittsburgh, PA PURPOSE: Bio-medical research | $10,142,526 |
Research Triangle Park, NC PURPOSE: Bio-medical research | $1,081,232 |
Durham, NC PURPOSE: Bio-medical research | $877,681 |
Pittsburg, PA PURPOSE: Program Support | $763,846 |
THE UNIVERSITY OF TEXAS MD ANDERSON CANCER CENTER PURPOSE: Bio-medical research | $636,762 |
Denver, CO PURPOSE: Bio-medical research | $579,554 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Magee-Womens Research Institute And Foundation has recieved totaling $532,951.
| Awarding Organization | Amount |
|---|---|
The Susan Thompson Buffett Foundation Omaha, NE PURPOSE: PROJECT SUPPORT | $232,066 |
The Susan Thompson Buffett Foundation Omaha, NE PURPOSE: PROJECT SUPPORT | $232,066 |
The United Way Of Southwestern Pennsylvania Pittsburgh, PA PURPOSE: Donor Designation PR | $54,319 |
Society Of Urodynamics And Female Urology Research Foundation Inc Schaumburg, IL PURPOSE: Chemodenervation Grant | $12,500 |
Margaret L Stevens Foundation Pittsburgh, PA PURPOSE: GENERAL OPERATING | $2,000 |
Endowment Analysis
| Beg. Balance | $24,007,033 |
| Earnings | $6,885,964 |
| Admin Expense | $2,855,344 |
| Net Contributions | $107,135 |
| Other Expense | $443,804 |
| Ending Balance | $27,700,984 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Elizabeth Seton Pediatric Center Yonkers, NY | $152,806,844 | $104,370,682 |
Saint Marys Hospital For Children Inc Bayside, NY | $152,654,903 | $105,641,246 |
Good Shepherd Rehabilitation Hosp Allentown, PA | $49,619,773 | $80,348,113 |
Blythedale Childrens Hospital Valhalla, NY | $245,197,443 | $84,706,183 |
Fox Chase Cancer Center Medical Group Inc Philadelphia, PA | $33,801,093 | $75,999,770 |
Levindale Hebrew Geriatric Ctr & Hospital Inc Baltimore, MD | $99,789,143 | $85,420,805 |
Magee Rehabilitation Hospital Philadelphia, PA | $215,323,152 | $63,715,771 |
Mt Washington Pediatric Hospital Inc Baltimore, MD | $143,237,822 | $67,955,258 |
Sunnyview Hospital And Rehabilitation Center Schenectady, NY | $65,612,890 | $64,526,341 |
Magee-Womens Research Institute And Foundation Pittsburgh, PA | $116,698,693 | $54,766,122 |
Bacharach Institute For Rehabilitation Inc Pomona, NJ | $79,486,012 | $49,882,526 |
Pennsylvania Psychiatric Institute Harrisburg, PA | $13,152,215 | $36,668,874 |