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Nonprofiteer
← UNITY HEALTHCARE FOUNDATION

Form 990 for tax year 2023

Filed by UNITY HEALTHCARE FOUNDATION.

Totals

Total revenue
$101,075
Total expenses
$60,933
Contributions and grants received
$8,423
Grants paid
$1,000
Program service revenue
$0
Investment income
$92,652
Other revenue
$0
Total assets, end of year
$2,923,768
Total liabilities, end of year
$677,068
Net assets or fund balances, end of year
$2,246,700
Program services expenses (Part IX)
$1,000
Management and general expenses
$14,250
Fundraising expenses
$45,683
Program service expenses (Part III)
$1,000

Program services were 1.6% 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.

  • 1f · All other contributions, gifts and grants

    $8,423

  • 3 · Investment income

    total $67,671 · excluded $67,671

  • 7a · Gross sales of assets other than inventory

    securities $101,674

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

    securities $76,693

  • 7c · Gain or loss

    securities $24,981

  • 7d · Net gain or loss

    total $24,981 · excluded $24,981

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,000 · program services $1,000

  • 7 · Other salaries and wages

    total $18,587 · management and general $4,647 · fundraising $13,940

  • 8 · Pension plan contributions

    total $352 · management and general $88 · fundraising $264

  • 9 · Other employee benefits

    total $2,397 · management and general $599 · fundraising $1,798

  • 10 · Payroll taxes

    total $1,419 · management and general $355 · fundraising $1,064

  • 11f · Fees: investment management

    total $8,573 · management and general $8,561 · fundraising $12

  • 11g · Fees: other

    total $839 · fundraising $839

  • 12 · Advertising and promotion

    total $1,132 · fundraising $1,132

  • 13 · Office expenses

    total -$235 · fundraising -$235

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $26,869 · fundraising $26,869

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $83,878 · end of year $69,570

  • 2 · Savings and temporary cash investments

    beginning of year $63,598 · end of year $60,315

  • 3 · Pledges and grants receivable

    beginning of year $6,786 · end of year $17

  • 7 · Other notes and loans receivable

    beginning of year $276 · end of year $500

  • 11 · Investments: publicly traded securities

    beginning of year $2,522,578 · end of year $2,793,366

  • 25 · Other liabilities

    beginning of year $676,657 · end of year $677,068

  • 27 · Net assets without donor restrictions

    beginning of year $1,761,117 · end of year $2,005,362

  • 28 · Net assets with donor restrictions

    beginning of year $239,342 · end of year $241,338

Listed in Part VII

  • JONI AXEL

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JOHN BECKEY

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • TONI ELLER OD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SUSAN EVERSMEYER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JASON GREGORY FR 0223

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BRADLEY HODAPP

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MIKE JOHANNSEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAY LOGEL TO 0223

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LINDSEY PHILLIPS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT WEIS MD

    BOARD MEMBER

    Total calculated
    $83,097
    From this org
    $0
    From related orgs
    $79,151
    Other
    $3,946
    Hours/week
    1 + 40 related

  • CARRIE ZORICH FR 0223

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RACHEL POHL

    EXEC DIRECTOR

    Total calculated
    $177,810
    From this org
    $0
    From related orgs
    $136,669
    Other
    $41,141
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $114,226 related
    Bonus
    $0 + $11,168 related
    Other
    $0 + $11,275 related
    Deferred
    $0 + $7,341 related
    Nontaxable benefits
    $0 + $33,800 related
    Filer's total
    $0 + $177,810 related

  • KATHERINE MARCHIK

    SR VP FINANCE/CFO

    Total calculated
    $530,285
    From this org
    $0
    From related orgs
    $429,153
    Other
    $101,132
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $363,172 related
    Bonus
    $0 + $61,867 related
    Other
    $0 + $4,114 related
    Deferred
    $0 + $68,587 related
    Nontaxable benefits
    $0 + $32,545 related
    Filer's total
    $0 + $530,285 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
NONQUALIFIED RETIREMENT PLAN CONTRIBUTIONS: THE FOLLOWING INDIVIDUAL(S) PARTICIPATED IN AND RECEIVED CONTRIBUTIONS IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: KATHERINE MARCHIK $ 52,087.
SCHEDULE J, PART I, LINE 3 - ESTABLISHING COMPENSATION
THE EXECUTIVE COMMITTEE OF THE IOWA HEALTH SYSTEM BOARD OF DIRECTORS ("COMMITTEE") CONDUCTS A COMPREHENSIVE REVIEW OF ALL COMPENSATION AND BENEFITS PROVIDED TO THE ORGANIZATION'S OFFICERS AND KEY EMPLOYEES, INCLUDING THE IHS CHIEF EXECUTIVE OFFICER (THE "CEO"). THIS REVIEW COMPARES THE TOTAL COMPENSATION AND VALUE OF BENEFITS PROVIDED TO EACH EXECUTIVE, ON A POSITION BY POSITION BASIS, TO THAT PROVIDED TO FUNCTIONALLY SIMILAR POSITIONS IN SIMILARLY SITUATED ORGANIZATIONS. THIS REVIEW IS CONDUCTED BY THE COMMITTEE WITH THE ASSISTANCE OF A NATIONAL, INDEPENDENT COMPENSATION CONSULTANT REPORTING DIRECTLY TO THE COMMITTEE. THE COMMITTEE HAS BEEN DELEGATED THE RESPONSIBILITY FOR OVERSIGHT OF EXECUTIVE COMPENSATION AND IS MADE UP ENTIRELY OF INDEPENDENT DIRECTORS WITHIN THE MEANING OF THE "REBUTTABLE PRESUMPTION OF REASONABLENESS" UNDER THE FEDERAL INCOME TAX INTERMEDIATE SANCTIONS RULES. THE COMPENSATION CONSULTANT HOLDS ITSELF OUT TO THE PUBLIC AS A COMPENSATION CONSULTANT, PERFORMS THESE VALUATIONS ON A REGULAR BASIS, IS QUALIFIED TO MAKE THE VALUATIONS OF THE SERVICES INVOLVED, AND HAS SO INDICATED IN A WRITTEN CERTIFICATION TO THE COMMITTEE. BASED UPON THE ADVICE OF THE COMPENSATION CONSULTANT, AND APPLYING THE BOARD'S COMPENSATION PHILOSOPHY, THE COMMITTEE ESTABLISHES THE OVERALL ADJUSTMENT IN COMPENSATION AND BENEFITS FOR THE TOP EXECUTIVES IN THE ENTIRE HEALTH SYSTEM (SEVERAL OF WHICH ARE EMPLOYEES OF THE FILING ORGANIZATION) AND DELEGATES TO THE CEO THE AUTHORITY TO MAKE ADJUSTMENTS, CONSISTENT WITH THE COMMITTEE'S DIRECTION, FOR THE OTHER EXECUTIVES. THE COMMITTEE DETERMINES ALL ASPECTS OF THE COMPENSATION AND BENEFITS OF THE CEO. THE COMMITTEE INTENTIONALLY TAKES ALL THE STEPS NECESSARY TO QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER THE FEDERAL INCOME TAX LAW INTERMEDIATE SANCTIONS RULES, INCLUDING CONTEMPORANEOUS SUBSTANTIATION OF ALL COMMITTEE MEETINGS AND ACTIONS. THE ORGANIZATION BELIEVES IT IS IN FULL COMPLIANCE WITH SECTION 4958 OF THE IRC, PROVIDES NO MORE THAN REASONABLE AND FAIR MARKET VALUE COMPENSATION AND BENEFITS FOR ITS EMPLOYEES AND DOES NOT PROVIDE ANY EXCESS COMPENSATION OR BENEFITS AS PROHIBITED BY SECTION 4958.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
9 November 2024
IRS schema version
2023v5.1
Source object
202413199349310571

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