The Medical College Of Wisconsin Inc

Organization Overview

The Medical College Of Wisconsin Inc is located in Milwaukee, WI. The organization was established in 1968. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 06/2021, Medical College Of Wisconsin Inc employed 7,052 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medical College Of Wisconsin 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 06/2020, Medical College Of Wisconsin Inc generated $1.3b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $1.2b during the year ending 06/2020. While expenses have increased by 3.5% 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 2015, Medical College Of Wisconsin Inc has awarded 1,180 individual grants totaling $248,991,351. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

THE MEDICAL COLLEGE OF WISCONSIN (MCW) IS A DISTINGUISHED LEADER AND INNOVATOR IN THE EDUCATION AND DEVELOPMENT OF THE NEXT GENERATION OF PHYSICIANS, (CONTINUED IN SCHEDULE O)

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATION - APPROXIMATELY 1,500 STUDENTS ARE ENROLLED IN DEGREE-GRANTING EDUCATIONAL PROGRAMS AT MCW. THIS INCLUDES 995 MEDICAL STUDENTS, 326 GRADUATE STUDENTS, 139 PHARMACY STUDENTS, AND 47 MASTER OF SCIENCE IN ANESTHESIA STUDENTS. MCW FACULTY SUPERVISE MORE THAN 700 PHYSICIANS IN RESIDENCY TRAINING AND 200 PHYSICIANS IN FELLOWSHIP TRAINING THROUGH THE MEDICAL COLLEGE OF WISCONSIN AFFILIATED HOSPITALS, INC. (CONTINUED IN SCHEDULE O)


RESEARCH - MCW IS A MAJOR NATIONAL RESEARCH CENTER AND THE SECOND LARGEST RESEARCH INSTITUTION IN WISCONSIN. IN FISCAL YEAR 2021, MCW INVESTED $317.5 MILLION IN RESEARCH, TEACHING, TRAINING AND RELATED PURPOSES WHICH WILL LEAD TO IMPROVED PATIENT CARE AND HEALTH OUTCOMES. THIS TOTAL INCLUDES $119.3 MILLION FROM THE NATIONAL INSTITUTES OF HEALTH (NIH). MCW RANKS IN THE TOP THIRD OF U.S. MEDICAL SCHOOLS IN NIH RESEARCH SUPPORT. (CONTINUED IN SCHEDULE O)


PATIENT CARE - APPROXIMATELY 1,680 MCW PHYSICIANS AND 750 NURSE PRACTITIONERS, PHYSICIAN ASSISTANTS, AND OTHER HEALTH CARE PRACTITIONERS PROVIDE ADULT PATIENT CARE AS THE MEDICAL COLLEGE PHYSICIANS AND PEDIATRIC PATIENT CARE THROUGH CHILDREN'S SPECIALTY GROUP, A JOINT VENTURE WITH CHILDREN'S HOSPITAL AND HEALTH SYSTEM. THE MCW PHYSICIAN PRACTICE INCLUDES DOCTORS IN EVERY SPECIALTY AND SUBSPECIALTY OF MEDICINE. (CONTINUED IN SCHEDULE O)


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Medical College Of Wi Affil Hosp
Resident Services
$8,794,636
Froedtert Health Inc
Contractual Services
$6,189,797
Affiliated Construction Services In
Construction Service
$6,354,519
Froedtert Health Medical Group
Physician/shared Svc
$14,430,683
Natl Marrow Donor Program
Research Subcontract
$12,720,302
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$207,371,004
Investment income $25,801,789
Tax Exempt Bond Proceeds $12,740
Royalties $934,251
Net Rental Income $152,565
Net Gain/Loss on Asset Sales $56,628,132
Net Income from Fundraising Events -$360,105
Net Income from Gaming Activities $7,235
Net Income from Sales of Inventory $73,136
Miscellaneous Revenue$0
Total Revenue $1,286,151,484

Grants Awarded

Over the last fiscal year, The Medical College Of Wisconsin Inc has awarded $39,129,892 in support to 163 organizations.

Grant RecipientAmount

NATIONAL MARROW DONOR PROGRAM

Org PageRecipient Profile

Minneapolis, MN

PURPOSE: RESEARCH SUBAWARD

$11,352,005

EMMES CORPORATION THE

PURPOSE: RESEARCH SUBAWARD

$3,945,565

UNIVERSITY OF WISCONSIN MADISON

PURPOSE: RES SUB/MED EDUC

$1,268,593

VERSITI WISCONSIN INC

Org PageRecipient Profile

Milwaukee, WI

PURPOSE: RES SUB/AHW

$1,167,343

UNIVERSITY OF CALIFORNIA SAN FRANCISCO

Org PageRecipient Profile

San Francisco, CA

PURPOSE: RES SUB/MED EDUC

$1,123,080

UNIVERSITY OF IOWA

PURPOSE: RESEARCH SUBAWARD

$1,000,665
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that The Medical College Of Wisconsin Inc has recieved totaling $44,123.

Awarding OrganizationAmount
C&s Patient Education Foundation

Wexford, PA

PURPOSE: RESTING STATE FMRI - COGN & PAIN

$33,873
Gebhardt Foundation Inc

Milwaukee, WI

PURPOSE: GENERAL SUPPORT

$10,000
$250
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,233,714,567
Earnings$407,314,289
Admin Expense$8,547,234
Net Contributions$22,691,492
Other Expense$27,162,823
Grants$1,635,348
Ending Balance$1,626,374,943

Peer Organizations

Organization NameAssets
Depaul University
Chicago, IL
$903,291,560
Loyola University Of Chicago
Chicago, IL
$813,555,821
Marquette University
Milwaukee, WI
$679,500,550
University Of St Thomas
St Paul, MN
$470,760,335
Illinois Institute Of Technology
Chicago, IL
$396,565,185
Drake University
Des Moines, IA
$252,974,293
Bradley University
Peoria, IL
$238,646,085
Calvin University
Grand Rapids, MI
$185,893,983
Roosevelt University
Chicago, IL
$160,424,797
University Of Detroit Mercy
Detroit, MI
$171,830,708
Aurora University
Aurora, IL
$150,735,428
Olivet Nazarene University
Bourbonnais, IL
$142,248,844

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