2025-08-15T11:30:27-05:00 2024-09-30 383635706 REHMANN ROBSON LLC 1500 W BIG BEAVER RD 2ND FLR TROY MI 48084 990 2023-10-01 382319524 FUND FOR MEDICAL RESEARCH AND EDUCATION FUND 3135772912 540 E CANFIELD AVE 1241 DETROIT MI 48201 THANE PETERSON CFO/TREASURER 3135772912 2025-08-15 1 1 KATHLEEN M UNDERHILL CPA P00589677 2489525000 2025-08-15 2023 2025-03-06 01:10:19Z THANE PETERSON 540 E CANFIELD AVE 1241 DETROIT MI 48201 49452671 0 X N/A X 1979 MI 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. 21 2 0 2 0 0 0 39967967 7641761 7792798 1025737 1691906 0 0 8667498 49452671 0 0 0 0 0 0 0 0 0 4384126 5323379 4384126 5323379 4283372 44129292 40300443 45428051 43605519 4603835 -3305076 40824216 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. 0 0 5095250 7792798 GENERAL AND DEPARTMENTAL MEDICAL RESEARCH AND EDUCATION. 5095250 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 5 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 21 2 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 X THANE PETERSON 3135772912 540 E CANFIELD AVE SUITE 1241 DETROIT MI 48201 BRIAN BARNHILL BOARD MEMBER 1.00 48.00 X 0 0 0 BRIAN O'NEIL MD BOARD MEMBER 1.00 48.00 X 0 474002 59943 CARMEN LEON MCINTYRE MD BOARD MEMBER (INTERIM) 1.00 48.00 X 0 146639 38853 DARIUS MEHREGAN MD BOARD MEMBER 1.00 24.00 X 0 147949 8569 DAVID BRYANT MD BOARD MEMBER 1.00 48.00 X 0 625434 22921 DAVID ROSENBERG MD BOARD MEMBER 1.00 48.00 X 0 871626 80712 DAVID MASSARON BOARD MEMBER THRU 12/15/23 1.00 48.00 X 0 339479 36353 DONALD WEAVER MD BOARD MEMBER 1.00 48.00 X 0 429369 94411 HERMAN GRAY MD BOARD MEMBER 1.00 48.00 X 0 567200 51105 HO-SHENG LIN MD BOARD MEMBER 1.00 48.00 X 0 1288598 92330 JINPING XU MD BOARD MEMBER 1.00 48.00 X 0 401555 47112 BORIS PACHE BOARD MEMBER 1.00 48.00 X 0 332385 59665 MARIA ZESTOS MD BOARD MEMBER 1.00 48.00 X 0 63143 7886 MARK GAFFNEY BOARD MEMBER 1.00 48.00 X 0 0 0 MARK JUZYCH MD MHSA BOARD MEMBER 1.00 48.00 X 0 1021592 53102 MAYSSA BASHA MD BOARD MEMBER (INTERIM) 1.00 48.00 X 0 425514 34919 MICHAEL L CHER MD BOARD MEMBER 1.00 48.00 X 0 514096 81621 RAFIC BEYDOUN MD BOARD MEMBER (INTERIM) 1.00 48.00 X 0 517000 7154 RAHUL VAIDYA MD BOARD MEMBER (INTERIM) 1.00 48.00 X 0 159755 0 SAFWAN BADR MD BOARD MEMBER 1.00 48.00 X 0 703091 57423 SAMUEL JOHNSON MD BOARD MEMBER 1.00 48.00 X 0 207094 0 TIMOTHY STEMMLER PHD BOARD MEMBER THRU 1/31/24 1.00 48.00 X 0 312338 50514 WAEL SAKR MD PRESIDENT/CHAIR 1.00 48.00 X X 0 799387 66722 THANE PETERSON MPA TREASURER/CFO 1.00 48.00 X 0 306000 51315 MARK SCHWEITZER MD MHSA FORMER PRESIDENT/CHAIR 0.00 X 0 756824 106699 STEPHEN LANIER PHD FORMER VICE PRESIDENT/BOAR 0.00 X 0 302041 56315 JACK SOBEL MD FORMER PRESIDENT/CHAIR 0.00 X 0 367766 52419 NATASHA WEATHERS FORMER CFO 0.00 X 0 124446 39589 0 12204323 1257652 0 1 1 0 0 X 39967967 39967967 SERVICE AGREEMENT INCOME 900099 7792798 7792798 7792798 1691906 1691906 49452671 7792798 0 1691906 51702 51702 68100 68100 87100 87100 18315 18315 INSTITUTIONAL SUPPORT 4641843 4641843 LEASED EMPLOYEES 453407 453407 BANK CHARGES 2912 2912 5323379 5095250 228129 0 31378176 35533342 3357335 3413698 24322 18908 5540610 6462103 40300443 45428051 43246471 4603835 359048 0 43605519 4603835 X -3305076 40824216 -3305076 40824216 40300443 45428051 44129292 0 X X 0 1 X 1 0 X X 1 WAYNE STATE UNIVERSITY SCHOOL OF MEDICINE 386028429 2 1 4641843 0 1 4641843 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 PART IV, SECTION D, LINE 3 FOUR BOARD MEMBERS ARE APPOINTED BY THE PRESIDENT OF WAYNE STATE UNIVERSITY (WSU), TWO OF WHICH ARE ON THE WSU BOARD OF DIRECTORS. NEARLY ALL THE REST SERVE ON THE BOARD BY VIRTUE OF THEIR POSITIONS WITHIN THE SCHOOL OF MEDICINE (SOM); WHETHER THE DEAN OR THE DEPARTMENT CHAIRS. IN ADDITION, THE INDIVIDUALS CHARGED WITH THE MANAGEMENT OF FUNDS ARE EMPLOYED WITHIN THE SOM WITH SUPPORT FROM WSU'S CENTRAL FINANCE OFFICE. THE INDIVIDUALS CHARGED WITH DECISIONS AS TO THE INVESTMENT AND STRATEGIC USE OF ASSETS ARE THEREFORE ALMOST ENTIRELY WSU DIRECTORS AND OFFICERS, OR THEIR DELEGEES. PART IV, SECTION E, LINE 2A THE PURPOSE OR PURPOSES FOR WHICH THE SUPPORTING ORGANIZATION WAS ORGANIZED IS AS FOLLOWS: 1) TO 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; 2) TO SPONSOR SCIENTIFIC INVESTIGATION AND RESEARCH, BOTH BASIC AND APPLIED, OF SCHOOL OF MEDICINE FACULTY, AND TO DISSEMINATE THE KNOWLEDGE SO ACQUIRED THROUGH BOTH THE PUBLIC AND PROFESSIONAL CHANNELS; 3) TO FOSTER THE EDUCATION AND TRAINING OF MEDICAL PERSONNEL; 4) TO ENHANCE THE RECRUITMENT AND RETENTION OF MEDICAL FACULTY OF THE HIGHEST QUALITY FOR THE SCHOOL OF MEDICINE; 5) TO SOLICIT AND RECEIVE FUNDS AND PROPERTY TO BE USED FOR ANY OF THESE PURPOSES. AS SUCH, SUBSTANTIALLY ALL OF THE SUPPORTING ORGANIZATION'S ACTIVITIES DURING THE TAX YEAR DIRECTLY FURTHERED THE EXEMPT PURPOSES OF THE SUPPORTED ORGANIZATION. THESE ACTIVITIES ASSISTED THE SUPPORTED ORGANIZATION IN MEETING ITS PRIMARY GOALS OF RESEARCH, EDUCATION, AND ASSOCIATED PATIENT CARE. PART IV, SECTION E, LINE 2B WAYNE STATE UNIVERSITY SCHOOL OF MEDICINE, THE SUPPORTED ORGANIZATION, WOULD HAVE BEEN ENGAGED IN THE ACTIVITIES OF THE FILING ORGANIZATION IF NOT SPECIFICALLY FOR THE FORMATION OF THE FUND FOR MEDICAL RESEARCH AND EDUCATION. WAYNE STATE UNIVERSITY SCHOOL OF MEDICINE PRIMARY GOALS ARE RESEARCH, EDUCATION, AND ASSOCIATED PATIENT CARE WHICH ARE ONE OF THE PURPOSES OF THE SUPPORTING ORGANIZATION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 NOTES RECEIVABLE - AFFILIATES 6462103 6462103 X PART X, LINE 2: THE ORGANIZATION IS RECOGNIZED AS A NONPROFIT ORGANIZATION THAT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION IS ORGANIZED UNDER THE LAWS OF THE STATE OF MICHIGAN AS A NONPROFIT ORGANIZATION AND IS EXEMPT FROM STATE AND LOCAL INCOME TAXES. THE ORGANIZATION HAS ALSO BEEN CLASSIFIED AS AN ENTITY THAT IS NOT A PRIVATE FOUNDATION. MANAGEMENT ANALYZED THE ORGANIZATION'S INCOME TAX FILING POSITIONS IN THE FEDERAL AND STATE JURISDICTIONS WHERE IT IS REQUIRED TO FILE INCOME TAX RETURNS, FOR ALL OPEN TAX YEARS IN THESE JURISDICTIONS, TO IDENTIFY POTENTIAL UNCERTAIN TAX POSITIONS. MANAGEMENT CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE ORGANIZATION'S FINANCIAL STATEMENTS. 0 0 0 0 0 0 0 0 0 HO-SHENG LIN MD BOARD MEMBER 0 1135598 0 153000 0 0 0 74439 0 17891 0 1380928 0 0 MARK JUZYCH MD MHSA BOARD MEMBER 0 1021592 0 0 0 0 0 21116 0 31986 0 1074694 0 0 DAVID ROSENBERG MD BOARD MEMBER 0 871626 0 0 0 0 0 47814 0 32898 0 952338 0 0 WAEL SAKR MD PRESIDENT/CHAIR 0 799387 0 0 0 0 0 48000 0 18722 0 866109 0 0 MARK SCHWEITZER MD MHSA FORMER PRESIDENT/CHAIR 0 756824 0 0 0 0 0 85525 0 21174 0 863523 0 0 SAFWAN BADR MD BOARD MEMBER 0 703091 0 0 0 0 0 44878 0 12545 0 760514 0 0 DAVID BRYANT MD BOARD MEMBER 0 625434 0 0 0 0 0 21000 0 1921 0 648355 0 0 HERMAN GRAY MD BOARD MEMBER 0 567200 0 0 0 0 0 33000 0 18105 0 618305 0 0 MICHAEL L CHER MD BOARD MEMBER 0 483101 0 30995 0 0 0 74107 0 7514 0 595717 0 0 BRIAN O'NEIL MD BOARD MEMBER 0 474002 0 0 0 0 0 33000 0 26943 0 533945 0 0 RAFIC BEYDOUN MD BOARD MEMBER (INTERIM) 0 427000 0 90000 0 0 0 0 0 7154 0 524154 0 0 DONALD WEAVER MD BOARD MEMBER 0 429369 0 0 0 0 0 76147 0 18264 0 523780 0 0 MAYSSA BASHA MD BOARD MEMBER (INTERIM) 0 409836 0 15678 0 0 0 32765 0 2154 0 460433 0 0 JINPING XU MD BOARD MEMBER 0 401555 0 0 0 0 0 29220 0 17892 0 448667 0 0 JACK SOBEL MD FORMER PRESIDENT/CHAIR 0 359160 0 8606 0 0 0 34850 0 17569 0 420185 0 0 BORIS PACHE BOARD MEMBER 0 332385 0 0 0 0 0 33000 0 26665 0 392050 0 0 DAVID MASSARON BOARD MEMBER THRU 12/15/23 0 339479 0 0 0 0 0 34980 0 1373 0 375832 0 0 TIMOTHY STEMMLER PHD BOARD MEMBER THRU 1/31/24 0 312338 0 0 0 0 0 31234 0 19280 0 362852 0 0 STEPHEN LANIER PHD FORMER VICE PRESIDENT/BOAR 0 302041 0 0 0 0 0 30204 0 26111 0 358356 0 0 THANE PETERSON MPA TREASURER/CFO 0 306000 0 0 0 0 0 19140 0 32175 0 357315 0 0 SAMUEL JOHNSON MD BOARD MEMBER 0 207094 0 0 0 0 0 0 0 0 0 207094 0 0 CARMEN LEON MCINTYRE MD BOARD MEMBER (INTERIM) 0 146639 0 0 0 0 0 13414 0 25439 0 185492 0 0 NATASHA WEATHERS FORMER CFO 0 124446 0 0 0 0 0 26341 0 13248 0 164035 0 0 RAHUL VAIDYA MD BOARD MEMBER (INTERIM) 0 159755 0 0 0 0 0 0 0 0 0 159755 0 0 DARIUS MEHREGAN MD BOARD MEMBER 0 142234 0 5715 0 0 0 8126 0 443 0 156518 0 0 PART I, LINE 3: THE PRESIDENT IS AN EMPLOYEE OF RELATED ORGANIZATIONS. HIS COMPENSATION IS DETERMINED BY THE RELATED ORGANIZATIONS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S TREASURER REVIEWS A DRAFT OF THE 990 AND THEN REVIEWS THE FINAL COPY OF THE RETURN BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12 EACH OF THE CORPORATION'S OFFICERS AND DIRECTORS SHALL AT ALL TIMES ACT IN A MANNER THAT FURTHERS THE CORPORATION'S CHARITABLE OR EDUCATIONAL PURPOSE AND SHALL EXERCISE CARE THAT HE OR SHE DOES NOT ACT IN A MANNER THAT FURTHERS HIS OR HER PRIVATE INTERESTS TO THE DETRIMENT OF THE CORPORATION'S PURPOSE. A CONFLICT OF INTEREST CAN BE CONSIDERED TO EXIST IN ANY INSTANCE WHERE THE ACTIONS OR ACTIVITIES OF THE INDIVIDUAL ON BEHALF OF THE CORPORATION ALSO INVOLVE THE OBTAINING OF A DIRECT OR INDIRECT PERSONAL GAIN OR ADVANTAGE, OR AN ADVERSE OR POTENTIALLY ADVERSE EFFECT ON THE INTERESTS OF THE CORPORATION. THE CORPORATION'S OFFICERS AND DIRECTORS SHALL AVOID CONFLICTS OF INTEREST AND OTHERWISE FULLY DISCLOSE TO THE CORPORATION ANY POTENTIAL OR ACTUAL CONFLICTS OF INTEREST, IF SUCH CONFLICTS CANNOT BE AVOIDED, SO THAT SUCH CONFLICTS ARE DEALT WITH IN THE BEST INTERESTS OF THE CORPORATION. THE OFFICERS AND DIRECTORS OF THE CORPORATION OR ANY COMMITTEE MEMBER SHALL DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICT OF INTEREST IN WRITING TO THE OTHER DIRECTORS OF THE BOARD OR ANY SUCH COMMITTEE AND MADE A MATTER OF RECORD EITHER WHEN THE INTEREST BECOMES A MATTER OF BOARD OR COMMITTEE ACTION OR AS PART OF A PERIODIC PROCEDURE TO BE ESTABLISHED BY THE BOARD OF DIRECTORS OR COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 SINCE THE ORGANIZATION DOES NOT PAY COMPENSATION, IT DOES NOT HAVE A COMPENSATION POLICY. FORM 990, PART VI, SECTION C, LINE 19 A COPY OF THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF TIME AS SET FORTH IN PUBLIC DISCLOSURE 6104(D). FORM 990, PART VIII, LINE 1D: DURING THE TAX YEAR, THE ORGANIZATION WAS RELEASED FROM A NOTE PAYABLE OBLIGATION TOTALING $39,967,967. THE DEBT FORGIVENESS WAS GRANTED BY WAYNE STATE UNIVERSITY, A RELATED ORGANIZATION. THE FORGIVEN DEBT WAS RECORDED AS CONTRIBUTION REVENUE IN PART VIII, LINE 1D OF FORM 990, IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP). THIS TRANSACTION SIGNIFICANTLY IMPACTED THE ORGANIZATION'S FINANCIAL POSITION, RESULTING IN AN INCREASE IN NET ASSETS. THERE WERE NO CONDITIONS OR RESTRICTIONS PLACED ON THE FORGIVENESS OF THE DEBT. THE ORGANIZATION DID NOT PROVIDE ANY GOODS, SERVICES, OR OTHER CONSIDERATION IN EXCHANGE FOR THE FORGIVENESS. FORM 990, PART XI, LINE 2C: THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANT DID NOT CHANGE FROM THE PRIOR YEAR. WAYNE STATE UNIVERSITY SCHOOL OF MEDICINE 5700 CASS AVENUE STE 4900 DETROIT MI 48202 386028429 EDUCATIONAL INSTITUTION MI 501(C)(3) LINE 2 N/A 0 UNIVERSITY PHYSICIAN GROUP 400 MACK AVENUE DETROIT MI 48201 383474766 MEDICAL MI 501(C)(3) LINE 10 N/A 0 WAYNE PEDIATRICS INC 400 MACK AVENUE SUITE 1 DETROIT MI 48201 843395605 PEDIATRIC MEDICAL SERVICES MI 501(C)(3) LINE 10 N/A 0 WAYNE STATE UNIVERSITY 5700 CASS AVENUE SUITE 4100 DETROIT MI 48201 386028429 PUBLIC UNIVERSITY MI 501(C)(3) LINE 2 N/A 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0