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Filing year 2023

FUND FOR MEDICAL RESEARCH AND EDUCATION

Detroit, Michigan·EIN 38-2319524·501(c)(3)
Total revenue
$49.5M
Total assets
$45.4M
Total expenses
$5.3M
Reported officers
28
Mission

ASSIST THE WAYNE STATE UNIVERSITY SCHOOL OF MEDICINE AND ITS FACULTY IN MEETING THE SCHOOL'S PRIMARY GOALS OF RESEARCH, EDUCATION AND ASSOCIATED PATIENT CARE AND TO ENHANCE THE RECRUITMENT AND RETENTION OF MEDICAL FACULTY OF THE HIGHEST QUALITY.

Executive compensation

Form 990 · Part VII & Schedule J · 24 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Former President/chair
Former Officer/director/trustee
25th percentile to median
$107k
$116k
Board Member
75th to 90th percentile
$94k
$103k
Board Member
75th to 90th percentile
$92k
$100k
Board Member
75th to 90th percentile
$82k
$89k
Board Member
75th to 90th percentile
$81k
$88k
President/chair
25th percentile to median
$67k
$73k
Board Member
75th to 90th percentile
$60k
$65k
Board Member
75th to 90th percentile
$60k
$65k
Board Member
75th to 90th percentile
$57k
$62k
Former Vice President/boar
Former Officer/director/trustee
25th percentile to median
$56k
$61k
Board Member
75th to 90th percentile
$53k
$58k
Former President/chair
Former Officer/director/trustee
25th percentile to median
$52k
$57k
Treasurer/cfo
25th percentile to median
$51k
$56k
Board Member
Median to 75th percentile
$51k
$56k
Board Member Thru 1/31/24
Board Member
Median to 75th percentile
$51k
$55k
Board Member
Median to 75th percentile
$47k
$51k
Former CFO
Former Officer/director/trustee
25th percentile to median
$40k
$43k
Board Member (interim)
Board Member
Median to 75th percentile
$39k
$42k
Board Member Thru 12/15/23
Board Member
Median to 75th percentile
$36k
$40k
Board Member (interim)
Board Member
Median to 75th percentile
$35k
$38k
Board Member
Median to 75th percentile
$23k
$25k
Board Member
25th percentile to median
$9k
$9k
Board Member
25th percentile to median
$8k
$9k
Board Member (interim)
Board Member
25th percentile to median
$7k
$8k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Detroit-Warren-Dearborn, MI metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 4 unpaid individuals.

Up 2%
from 2022

From $105k in 2022 to $107k in 2023.

$105k
2022
$107k
2023
In today's dollarsEst.
Down 4% in real terms$121k to $116k

Estimated with Detroit-Warren-Dearborn, MI metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Former Officer/director/trustee pay rose 2% from 2022 to 2023, while revenue rose 471%.

$105k in 2022 to $107k in 2023.
  • Board Member pay rose 1% from 2022 to 2023.
  • Chief Executive Officer pay fell 10% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

FUND FOR MEDICAL RESEARCH AND EDUCATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$8.7M
$4.4M
2022
$49.5M
$5.3M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about FUND FOR MEDICAL RESEARCH AND EDUCATION

What does the Former Officer/director/trustee of FUND FOR MEDICAL RESEARCH AND EDUCATION earn?

In 2023, the Former Officer/director/trustee of FUND FOR MEDICAL RESEARCH AND EDUCATION received $106,699 in total compensation. This pay is below the median (the midpoint) for Former Officer/director/trustee roles among nonprofits nationwide, across all sectors, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Former Officer/director/trustee pay at FUND FOR MEDICAL RESEARCH AND EDUCATION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Former Officer/director/trustee at FUND FOR MEDICAL RESEARCH AND EDUCATION falls between the 25th percentile and the median.

What are FUND FOR MEDICAL RESEARCH AND EDUCATION's revenue and expenses?

In 2023, FUND FOR MEDICAL RESEARCH AND EDUCATION reported $49.5M in total revenue and $5.3M in total expenses on its IRS Form 990.

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