EIN 39-0806261

Medical College of Wisconsin (MCW)

IRS 501(c) type
501(c)(3)
Num. employees
7,887
Year formed
1918
Most recent tax filings
2023-06-01
Description
Medical College of Wisconsin (MCW) is a private, freestanding medical school and graduate school located in Milwaukee, Wisconsin, United States. MCW has 3 regional campuses located in Milwaukee, Green Bay, and Wausau (Central Wisconsin).
Total revenues
$1,485,866,745
2023
Total expenses
$1,459,941,335
2023
Total assets
$3,048,459,625
2023
Num. employees
7,887
2023

Program areas at MCW

Education - Approximately 1,600 students are enrolled in degree-granting educational programs at MCW. This includes 1,023 medical students, 409 graduate students, 130 pharmacy students, and 53 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)
Patient Care - Approximately 1,780 MCW physicians and 905 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)
Research - MCW is a major national research center and the second largest research institution in Wisconsin. In fiscal year 2023, MCW invested $399.0 million in research, teaching, training and related purposes which will lead to improved patient care and health outcomes. This total includes $134.9 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)

Grants made by MCW

GranteeGrant descriptionAmount
National Marrow Donor Program (NMDP)Research Subaward$8,666,815
Versiti Wisconsin (BCW)Res Sub/ahw$2,012,504
Marquette UniversityRes Sub/ahw/train$1,033,885
...and 148 more grants made totalling $31,849,416

Who funds Medical College of Wisconsin (MCW)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
United Way of Greater Milwaukee and Waukesha CountyDonor Designations$1,270,978
American Heart Association (AHA)Research$1,267,056
Marquette UniversityResearch$1,262,871
...and 111 more grants received totalling $15,804,911

Personnel at MCW

NameTitleCompensation
John R. RaymondPresident and Chief Executive Officer$1,718,522
Matthew LesterExecutive Vice President for Finance and Administration and Chief Operating Officer$325,431
Shelisa DaltonChief Financial Officer$497,530
David HotchkissVice President - Information Services , Chief Information Officer / Vice President - Info Services and Chief Information Officer$431,677
Adrienne MitchellVice President - Chief People Officer FM 1 and 1 and 21$462,207
...and 31 more key personnel

Financials for MCW

RevenuesFYE 06/2023
Total grants, contributions, etc.$214,545,386
Program services$1,196,087,794
Investment income and dividends$26,970,489
Tax-exempt bond proceeds$0
Royalty revenue$1,195,966
Net rental income$225,852
Net gain from sale of non-inventory assets$46,785,889
Net income from fundraising events$-34,567
Net income from gaming activities$0
Net income from sales of inventory$89,936
Miscellaneous revenues$0
Total revenues$1,485,866,745

Form 990s for MCW

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-15990View PDF
2022-062023-05-15990View PDF
2021-062022-05-16990View PDF
2020-062021-05-26990View PDF
2019-062020-09-17990View PDF
...and 9 more Form 990s

Organizations like MCW

OrganizationLocationRevenue
AMHERST COLLEGE TrusteesAmherst, MA$379,275,079
Rush University Medical CenterChicago, IL$2,664,946,106
Yale New Haven Hospital (YNHH)New Haven, CT$4,190,091,426
Williams CollegeWilliamstown, MA$424,095,865
Mayo ClinicRochester, MN$7,075,354,210
Midwestern UniversityDowners Grove, IL$518,091,233
Middlebury CollegeMiddlebury, VT$456,039,665
Embry-Riddle Aeronautical UniversityDaytona Beach, FL$702,956,238
Fordham UniversityBronx, NY$1,017,256,067
Fairfield UniversityFairfield, CT$424,528,036
Data update history
August 7, 2024
Updated personnel
Identified 9 new personnel
July 31, 2024
Received grants
Identified 31 new grant, including a grant for $1,262,871 from Marquette University
July 14, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 14, 2024
Used new vendors
Identified 2 new vendors, including , and
May 19, 2024
Received grants
Identified 14 new grant, including a grant for $1,267,056 from American Heart Association (AHA)
Nonprofit Types
Grantmaking organizationsSchoolsHigher ed institutionsHeadquarter / parent organizations
Issues
Education
Characteristics
Political advocacyLobbyingFundraising eventsOperates internationallyState / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsGala fundraisersTax deductible donationsAccepts online donations
General information
Address
8701 Watertown Plank Rd
Milwaukee, WI 53226
Metro area
Milwaukee-Waukesha, WI
County
Milwaukee County, WI
Website URL
mcw.edu/ 
Phone
(414) 955-8296
Facebook page
medicalcollegeofwisconsin 
Twitter profile
@medicalcollege 
IRS details
EIN
39-0806261
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1918
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B42: Undergraduate College (4-year)
NAICS code, primary
611310: Colleges, Universities, and Professional Schools
Parent/child status
Central organization
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Exempt
FTB status revoked
Not revoked
AG Registration Number
CT0165391
FTB Entity ID
None yet
AB 488 data last updated ("as-of") date
2024-10-16
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