THE MEDICAL COLLEGE OF WISCONSIN INC Charity Report

Public IRS 990 nonprofit record

THE MEDICAL COLLEGE OF WISCONSIN INC

EIN 39-0806261 · Education (B430)

What they do

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)

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $92.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders63 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

88.01%of revenue went to mission work92.0% of expenses · Program services

0.46%of revenue went to fundraising0.5% of expenses

$95.68spent for every $100 of revenueRevenue covered expenses this year.

7.20%of revenue went to management and office costs7.5% of expenses

$2.06in assets for every $1 spent this yearSome assets cannot be spent right away.

12.9%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $2,581,006 for MAX C LEE MD (ASST PROF-NEUROSURGERY). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,758,334,139

Mission workProgram services$1,547,551,40288.01% of revenue92.0% of expenses

ManagementOffice and general costs$126,621,5247.20% of revenue7.5% of expenses

FundraisingAsking for donations$8,129,0220.46% of revenue0.5% of expenses

Revenue left after expensesReported annual surplus$76,032,1914.32% of revenueShown in gray on the chart

Total expenses$1,682,301,94895.68% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 92.0% mission · 7.5% management · 0.5% fundraisingTotal expenses: 95.68% of revenue

2023Expense mix: 91.7% mission · 7.9% management · 0.4% fundraisingTotal expenses: 98.58% of revenue

2022Expense mix: 91.5% mission · 8.0% management · 0.5% fundraisingTotal expenses: 98.26% of revenue

2021Expense mix: 91.5% mission · 8.1% management · 0.4% fundraisingTotal expenses: 85.20% of revenue

2020Expense mix: 91.0% mission · 8.6% management · 0.4% fundraisingTotal expenses: 94.47% of revenue

2019Expense mix: 90.9% mission · 8.7% management · 0.4% fundraisingTotal expenses: 94.70% of revenue

2018Expense mix: 90.0% mission · 9.4% management · 0.5% fundraisingTotal expenses: 93.70% of revenue

2017Expense mix: 89.4% mission · 10.1% management · 0.5% fundraisingTotal expenses: 91.77% of revenue

Money in and money out

Revenue$1,758,334,139

Expenses$1,682,301,948

Annual surplus $76,032,191 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,547,551,402 · 92.0% of expenses

Management and office costs$126,621,524 · 7.5% of expenses

Fundraising$8,129,022 · 0.5% of expenses

See all reported dollar amounts

Revenue$1,758,334,139

Expenses$1,682,301,948

Assets$3,469,802,142

Income$2,320,552,925

Contributions$226,082,409

Mission work (program services)$1,547,551,402

Fundraising$8,129,022

Grants given$326,677,748

Average grant$239,149

Management and general$126,621,524

Stocks and bonds$702,312,095

Accounting fees$832,103

Investing fees$10,594,691

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

MAX C LEE MDASST PROF-NEUROSURGERY · 40 hrs/week $2,581,006Base $2,518,112 · Other $62,894

MICHAEL EDWARD MITCHELL MDCHIEF, PROF-PED CARDIAC SURG · 1 hrs/week $2,015,466Base $1,951,025 · Other $64,441

JOHN R RAYMOND SR MDTRUSTEE/PRESIDENT AND CEO · 40 hrs/week $1,947,303Base $1,637,184 · Other $310,119

SAMAN SHABANI MDASST PROF-NEUROSURGERY · 40 hrs/week $1,940,879Base $1,872,699 · Other $68,180

ABDEL ALQWASMI MDPHYSICIAN-HEMATOLOGY/ONCOLOGY · 40 hrs/week $1,876,647Base $1,808,484 · Other $68,163

JOSEPH E KERSCHNER MDSEE SCHEDULE O FOR TITLE · 40 hrs/week $1,776,799Base $1,583,187 · Other $193,612

MATTHEW COOPER MDCHIEF, PROF-TRANSPLANT SURGERY · 40 hrs/week $1,587,542Base $1,523,101 · Other $64,441

DAVID KING MDTRUSTEE · 40 hrs/week $1,252,097Base $1,190,917 · Other $61,180

MATTHEW LESTEREXEC VP-FINANCE & ADMIN, COO · 40 hrs/week $1,010,278Base $859,882 · Other $150,396

DEBORAH M COSTAKOS MDSEE SCHEDULE O FOR TITLE · 35 hrs/week $910,634Base $858,747 · Other $51,887

CHERYL A MAURANA PHDSEE SCHEDULE O FOR TITLE · 40 hrs/week $848,654Base $757,864 · Other $90,790

M AILEEN SHINAMAN JDSR VP-GENERAL COUNSEL/ASST SEC · 40 hrs/week $748,197Base $679,078 · Other $69,119

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (63)

MAX C LEE MDASST PROF-NEUROSURGERY

MICHAEL EDWARD MITCHELL MDCHIEF, PROF-PED CARDIAC SURG

JOHN R RAYMOND SR MDTRUSTEE/PRESIDENT AND CEO

SAMAN SHABANI MDASST PROF-NEUROSURGERY

ABDEL ALQWASMI MDPHYSICIAN-HEMATOLOGY/ONCOLOGY

JOSEPH E KERSCHNER MDSEE SCHEDULE O FOR TITLE

MATTHEW COOPER MDCHIEF, PROF-TRANSPLANT SURGERY

DAVID KING MDTRUSTEE

MATTHEW LESTEREXEC VP-FINANCE & ADMIN, COO

DEBORAH M COSTAKOS MDSEE SCHEDULE O FOR TITLE

CHERYL A MAURANA PHDSEE SCHEDULE O FOR TITLE

M AILEEN SHINAMAN JDSR VP-GENERAL COUNSEL/ASST SEC

MARA LORD PHDSR VP-CHF STRATEGY & GRWTH OFF

SHELISA DALTONCHIEF FINANCIAL OFFICER

DAVID A MARGOLIS MDSEE SCHEDULE O FOR TITLE

ADRIENNE MITCHELLSR VP-HR, CHIEF PEOPLE OFFICER

KEVIN R REGNER MDSEE SCHEDULE O FOR TITLE

DAVID HOTCHKISSVP-INFORMATION SERVICES, CIO

JASON E KRAISSVP-INST ADVANCEMENT, CDO

GREGORY M WESLEY JDSEE SCHEDULE O FOR TITLE

CURT D SIGMUND PHDTRUSTEE

ROY L SILVERSTEIN MDSEE SCHEDULE O FOR TITLE

KEVIN M EIDEVP-FIN PLANNING/DATA ANALYTICS

PAMELA J STANICKVP-FINANCE & TREASURY

TENNILLE SIFUENTESVP-CORP COMPLIANCE/RISK MGT

JEFFREY BORNEMANNVP-FACILITIES & OP TO 3/2/25

GEORGE MACKINNON III PHDDEAN, SCHOOL OF PHARMACY

SUSAN MELCHERVP-TOTAL REWARDS/HR ANALYTICS

C GREER JORDAN PHDVP-ANCHOR PARTNERSHIPS

DAISY SAHOO PHDDEAN, SCHOOL OF GRAD STUDIES

NATHAN BERKENVP-GOVERNMENT RELATIONS

KIMARA ELLEFSONFORMER INTERIM VP-HR

MARY REINKEVP-MARKETING & COMMUNICATIONS

JENNIFER S BULTMANSEE SCHEDULE O FOR TITLE

RAVINDRA P MISRA PHDFMR DEAN, SCHOOL OF GRAD STUD

JOHN T NEWSOME JDFMR SR VP-GEN COUNSEL/ASST SEC

PAUL W GRIEPENTROGTRUSTEE

NANCY HERNANDEZTRUSTEE

STEVE SCHWAB MDTRUSTEE

PEGGY TROYTRUSTEE TO 8/11/24

PHILIP B FLYNNTRUSTEE/IMMEDIATE PAST CHAIR

R JAN PIROZZOLO-MELLOWESTRUSTEE

TED D KELLNERTRUSTEE

RICH TENNESSENTRUSTEE

WARREN D PIERSONTRUSTEE

GIL PERITRUSTEE AS OF 8/12/24

ANTHONY MCHENRYTRUSTEE

AUSTIN RAMIREZTRUSTEE

BARBARA CALKINS MDTRUSTEE

BRIAN S COWPERTHWAITEVP-FACILITIES &OP AS OF 3/3/24

CHRIS MISKELTRUSTEE

CHRISTY L BROWNTRUSTEE

DAVID LUBARTRUSTEE

ELIZABETH BRENNERTRUSTEE/CHAIR

LINDA G GORENS-LEVEYTRUSTEE

GREGORY S MARCUSTRUSTEE

JACQUELINE HERD-BARBERTRUSTEE/SECRETARY

JANIS M ORLOWSKI MDTRUSTEE

JOHN DONOFRIOTRUSTEE/VICE CHAIR

JOHN M GROGANTRUSTEE

JON D HAMMESTRUSTEE/TREASURER

JUSTIN L MORTARA PHDTRUSTEE

KRISTINA M ROPELLA PHDTRUSTEE

About this charity

Recognized since: January 1968
Location: 8701 WATERTOWN PLANK RD, MILWAUKEE, WI 53226-3548
County: Milwaukee
In care of: % PAMELA J STANICK
Primary officer: MATTHEW J LESTER, EVP FINANCE/COO

How to reach them

WebsiteVisit the charity’s website Phone(414) 955-8665 Officer phone(414) 955-8740

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: PWC US TAX LLP
NTEE classification: Education (B430)
Grant-giving organization: Yes