University Of Wisconsin Medical Foundation Inc
- Assets
- $827.6m
- Revenue
- $1.1b
- Investments
- $0.0
- Employees
- 5,099
- Location
- Middleton, WI
- Founding
- 11/1995
- Data as of
- 06/2021
- EIN
- 39-1824445
Organization Overview
University Of Wisconsin Medical Foundation Inc is located in Middleton, WI. The organization was established in 1995. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2021, University Of Wisconsin Medical Foundation Inc employed 5,099 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Wisconsin Medical Foundation 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 06/2021, University Of Wisconsin Medical Foundation Inc generated $1.1b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $1.1b during the year ending 06/2021. While expenses have increased by 3.0% 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, University Of Wisconsin Medical Foundation Inc has awarded 116 individual grants totaling $630,677,371. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
UNIVERSITY OF WISCONSIN MEDICAL FOUNDATION (UWMF) SUPPORTS THE TEACHING, RESEARCH AND SERVICE MISSIONS OF THE UNIVERSITY OF WISCONSIN SCHOOL OF MEDICINE AND PUBLIC HEALTH BY PROMOTING THE DELIVERY OF EXCELLENT AND INNOVATIVE PATIENT CARE BY FACULTY AND STAFF WHO SERVE LOCAL, REGIONAL, NATIONAL AND INTERNATIONAL POPULATIONS.
Describe the Organization's Program Activity:
FUNDING ALLOCATED TO PROVIDE HEALTHCARE FOR THE BENEFIT OF, AND IN SUPPORT OF, THE PURPOSE OF THE UNIVERSITY OF WISCONSIN SCHOOL OF MEDICINE AND PUBLIC HEALTH. DELIVERY OF PATIENT CARE SERVING LOCAL, REGIONAL, NATIONAL, AND INTERNATIONAL POPULATIONS.
FUNDING PROVIDED TO SUPPORT THE TEACHING/ACADEMIC MISSION AND SUPPORT THE UNIVERSITY OF WISCONSIN SCHOOL OF MEDICINE AND PUBLIC HEALTH.
FUNDING ALLOCATED TO PROVIDE MEDICAL RESEARCH FOR THE BENEFIT OF, AND IN SUPPORT OF, THE PURPOSE OF THE UNIVERSITY OF WISCONSIN SCHOOL OF MEDICINE AND PUBLIC HEALTH.
OTHER PROGRAM REVENUE AND EXPENSES ALLOCATED TO PROVIDE MEDICAL EDUCATION FOR THE BENEFIT OF AND IN SUPPORT OF THE PURPOSE OF THE UNIVERSITY OF WISCONSIN SCHOOL OF MEDICINE AND PUBLIC HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Gast Physician | 39 | $1,494,904 | |
Mustafa Baskaya Physician | 39 | $1,421,367 | |
Robert Dempsey Physician | 39 | $1,152,354 | |
David Niemann Physician | 39 | $1,145,196 | |
Terry Bolz CEO Of Quartz | 40 | $1,119,329 | |
Petros Anagnostopoulos MD Director | Trustee | 1 | $1,048,870 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Weatherby Locums Physician Locums | 6/29/20 | $976,539 |
Arup Laboratories Lab Services | 6/29/20 | $915,139 |
Arup Laboratories Lab Services | 6/29/20 | $915,139 |
Environmental Control Of Wisconsin Inc Custodial Services | 6/29/20 | $1,285,246 |
Comphealth Physician Locums | 6/29/20 | $991,706 |
State Collection Service Collection Services | 6/29/20 | $1,222,106 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $217,936,942 |
| Government grants | $166,965 |
| 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 | $218,103,907 |
| Total Program Service Revenue | $820,165,566 |
| Investment income | $4,466,085 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,255,469 |
| Net Gain/Loss on Asset Sales | $2,481,110 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,090,761 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,050,433,746 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $57,200,117 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,487,470 |
| Compensation of current officers, directors, key employees. | $1,282,520 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $608,636,097 |
| Pension plan accruals and contributions | $14,784,323 |
| Other employee benefits | $44,366,979 |
| Payroll taxes | $28,144,443 |
| Fees for services: Management | $34,847,778 |
| Fees for services: Legal | $79,996 |
| Fees for services: Accounting | $91,536 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $147,923 |
| Office expenses | $1,462,813 |
| Information technology | $1,500,385 |
| Royalties | $0 |
| Occupancy | $38,683,570 |
| Travel | $394,918 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,028,357 |
| Interest | $29,980 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,955,721 |
| Insurance | $1,535,551 |
| All other expenses | $11,416,376 |
| Total functional expenses | $1,053,158,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $348,675,969 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $69,998,635 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,480,583 |
| Prepaid expenses and deferred charges | $1,055,949 |
| Net Land, buildings, and equipment | $54,724,964 |
| Investments—publicly traded securities | $208,297,589 |
| Investments—other securities | $0 |
| Investments—program-related | $75,843,689 |
| Intangible assets | $0 |
| Other assets | $63,566,747 |
| Total assets | $827,644,125 |
| Accounts payable and accrued expenses | $120,325,977 |
| Grants payable | $0 |
| Deferred revenue | $15,287,492 |
| Tax-exempt bond liabilities | $20,520,000 |
| 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 | $283,940,363 |
| Total liabilities | $440,073,832 |
| Net assets without donor restrictions | $387,570,293 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $827,644,125 |
Grants Awarded
Over the last fiscal year, University Of Wisconsin Medical Foundation Inc has awarded $57,135,773 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
UW SCHOOL OF MEDICINE AND PUBLIC HEALTH PURPOSE: SUPPORT FUNCTIONS OF THE MEDICAL SCHOOL | $45,844,809 |
Madison, WI PURPOSE: RESEARCH SUPPORT | $10,427,619 |
Madison, WI PURPOSE: SUPPORT FUNCTIONS OF THE ORGANIZATION | $814,345 |
Rosemont, IL PURPOSE: SUPPORT FUNCTIONS OF THE ORGANIZATION | $35,000 |
Madison, WI PURPOSE: SUPPORT FUNCTIONS OF THE ORGANIZATION | $7,500 |
Madison, WI PURPOSE: SUPPORT FUNCTIONS OF THE ORGANIZATION | $6,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that University Of Wisconsin Medical Foundation Inc has recieved totaling $13,000.
| Awarding Organization | Amount |
|---|---|
Waupun Memorial Hospital Waupun, WI PURPOSE: General support | $13,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Cloud Hospital St Cloud, MN | $1,702,572,092 | $1,117,982,242 |
Advocate North Side Health Network Downers Grove, IL | $946,824,836 | $901,672,521 |
The Carle Foundation Hospital Urbana, IL | $465,988,906 | $1,085,020,210 |
Regions Hospital Minneapolis, MN | $1,151,249,927 | $936,558,758 |
Catholic Health Initiatives-Iowa Corp Des Moines, IA | $1,114,579,485 | $904,841,538 |
Central Iowa Hospital Corporation Des Moines, IA | $1,438,981,448 | $937,321,371 |
Covenant Medical Center Inc Saginaw, MI | $1,038,790,282 | $776,913,978 |
North Memorial Health Care Robbinsdale, MN | $764,114,547 | $789,881,568 |
Allegiance Health Jackson, MI | $830,742,312 | $709,583,429 |
Munson Medical Center Traverse City, MI | $1,240,001,316 | $752,883,085 |
Edward Hospital Naperville, IL | $472,054,647 | $761,222,693 |
Swedish American Hospital Rockford, IL | $973,707,288 | $637,025,862 |