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← UNIVERSITY PHYSIATRICS ASSOCIATES INC

Form 990 for tax year 2023

Filed by UNIVERSITY PHYSIATRICS ASSOCIATES INC.

Totals

Total revenue
$248,256
Total expenses
$2,090,290
Contributions and grants received
$0
Grants paid
$1,811,432
Program service revenue
$26,347
Investment income
$221,909
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$2,081,395
Management and general expenses
$8,895
Fundraising expenses
$0
Program service expenses (Part III)
$2,081,395

Program services were 99.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: EDUCATIONAL SERVICES

    total $26,347 · related or exempt $26,347

  • 3 · Investment income

    total $45,411 · excluded $45,411

  • 7a · Gross sales of assets other than inventory

    securities $1,540,937

  • 7b · Less cost or other basis and sales expenses

    securities $1,364,439

  • 7c · Gain or loss

    securities $176,498

  • 7d · Net gain or loss

    total $176,498 · excluded $176,498

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,811,432 · program services $1,811,432

  • 7 · Other salaries and wages

    total $6,990 · program services $6,990

  • 9 · Other employee benefits

    total $2,337 · program services $2,337

  • 11c · Fees: accounting

    total $2,750 · management and general $2,750

  • 11f · Fees: investment management

    total $5,463 · management and general $5,463

  • 11g · Fees: other

    total $682 · management and general $682

  • 13 · Office expenses

    total $3,745 · program services $3,745

  • 17 · Travel

    total $2,070 · program services $2,070

  • 24a · Other expenses: BAD DEBT

    total $252,551 · program services $252,551

  • 24b · Other expenses: HOSPITALITY

    total $1,308 · program services $1,308

  • 24c · Other expenses: DUES

    total $715 · program services $715

  • 24d · Other expenses: FLOWERS AND GIFTS

    total $247 · program services $247

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $259,043 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $24,514 · end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $252,551 · end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    beginning of year $1,403,847 · end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,939,955 · end of year $0

Mission and programs · 2023

Mission

PROMOTION OF MEDICAL EDUCATION AND THE PROVISION OF MEDICAL SERVICES.

  • THE PROMOTION OF MEDICAL EDUCATION, THE PROVISION OF A WIDE SPECTRUM OF PATIENTS FOR TEACHING PURPOSES, DEVELOPMENT OF MEDICAL RESEARCH PROGRAMS, AND PROVISION OF MEDICAL SERVICES OF A SPECIALIZED NATURE.

    Expenses $2,081,395 · Grants $1,811,432 · Revenue $26,347

As filed on the 2023 return.

Listed in Part VII

  • Flora Hammond

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Angela Carbone Meyer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Natalie Ostrom

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Nathan Prahlow

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • INDIANA UNIVERSITY SCHOOL OF MEDICINE

    $1,811,432

    TO FURTHER INDIANA UNIVERSITY'S MISSION, AND PROVIDE FOR THE ONGOING SUPPORT OF THE DEPARTMENT OF PHYSICAL MEDICINE AND REHABILITATION BY ESTABLISHING THE PRACTICE PLAN CLOSEOUT, UNIVERSITY PHYSIATRIC ASSOCIATES, INC. FUND.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202531359349311098

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