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Nonprofiteer
← IU MEDICAL GROUP FOUNDATION INC

Form 990 for tax year 2022

Filed by IU MEDICAL GROUP FOUNDATION INC.

Totals

Total revenue
$90,820,472
Total expenses
$26,717,815
Contributions and grants received
$85,969,381
Grants paid
$26,254,633
Program service revenue
$3,124,889
Investment income
$1,726,202
Other revenue
$0
Total assets, end of year
$340,333,025
Total liabilities, end of year
$85
Net assets or fund balances, end of year
$340,332,940
Program services expenses (Part IX)
$26,254,633
Management and general expenses
$463,182
Fundraising expenses
$0
Program service expenses (Part III)
$26,254,633

Program services were 98.3% 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.

  • 1d · Related organizations

    $85,969,381

  • 2a · Program service revenue: DEAN'S TAX REVENUE

    total $3,124,889 · related or exempt $3,124,889

  • 3 · Investment income

    total $9,403,934 · excluded $9,403,934

  • 7a · Gross sales of assets other than inventory

    securities $284,270,861

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

    securities $291,948,593

  • 7c · Gain or loss

    securities -$7,677,732

  • 7d · Net gain or loss

    total -$7,677,732 · excluded -$7,677,732

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $26,254,633 · program services $26,254,633

  • 11c · Fees: accounting

    total $25,759 · management and general $25,759

  • 11f · Fees: investment management

    total $436,718 · management and general $436,718

  • 13 · Office expenses

    total $705 · management and general $705

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $21,066,110 · end of year $3,418,918

  • 11 · Investments: publicly traded securities

    beginning of year $232,751,451 · end of year $334,137,237

  • 12 · Investments: other securities

    beginning of year $1,473,321 · end of year $1,388,978

  • 15 · Other assets

    beginning of year $898,301 · end of year $1,387,892

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,293,429 · end of year $85

  • 27 · Net assets without donor restrictions

    beginning of year $233,861,642 · end of year $327,416,017

  • 28 · Net assets with donor restrictions

    beginning of year $20,034,112 · end of year $12,916,923

Mission and programs · 2022

Mission

TO ACQUIRE, MANAGE AND DISTRIBUTE FUNDS FOR THE BENEFIT OF THE INDIANA UNIVERSITY SCHOOL OF MEDICINE AND INDIANA UNIVERSITY HEALTH CARE ASSOCIATES, INC.

  • TO ACQUIRE, MANAGE AND DISTRIBUTE FUNDS FOR THE BENEFIT OF THE INDIANA UNIVERSITY SCHOOL OF MEDICINE AND INDIANA UNIVERSITY HEALTH CARE ASSOCIATES, INC.

    Expenses $26,254,633 · Grants $26,254,633 · Revenue $3,124,889

As filed on the 2022 return.

Listed in Part VII

  • JAY HESS

    BOARD CHAIRMAN

    Total calculated
    $1,343,403
    From this org
    $0
    From related orgs
    $1,007,751
    Other
    $335,652
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $584,666 related
    Bonus
    $0 + $203,598 related
    Other
    $0 + $219,487 related
    Deferred
    $0 + $310,225 related
    Nontaxable benefits
    $0 + $25,427 related
    Filer's total
    $0 + $1,343,403 related

  • KEVIN B GEBKE

    SECRETARY

    Total calculated
    $790,684
    From this org
    $0
    From related orgs
    $677,639
    Other
    $113,045
    Hours/week
    0.25

    Schedule J breakdown matched by us

    Base
    $0 + $515,773 related
    Bonus
    $0 + $97,202 related
    Other
    $0 + $64,664 related
    Deferred
    $0 + $59,656 related
    Nontaxable benefits
    $0 + $53,389 related
    Filer's total
    $0 + $790,684 related

  • MICHAEL O KOCH

    TREASURER

    Total calculated
    $1,052,916
    From this org
    $0
    From related orgs
    $1,009,146
    Other
    $43,770
    Hours/week
    0.25

    Schedule J breakdown matched by us

    Base
    $0 + $910,505 related
    Bonus
    $0 + $13,109 related
    Other
    $0 + $85,532 related
    Deferred
    $0 + $18,543 related
    Nontaxable benefits
    $0 + $25,227 related
    Filer's total
    $0 + $1,052,916 related

  • WADE D CLAPP

    DIRECTOR

    Total calculated
    $735,275
    From this org
    $0
    From related orgs
    $666,091
    Other
    $69,184
    Hours/week
    0.25

    Schedule J breakdown matched by us

    Base
    $0 + $456,173 related
    Bonus
    $0 + $126,060 related
    Other
    $0 + $83,858 related
    Deferred
    $0 + $47,512 related
    Nontaxable benefits
    $0 + $21,672 related
    Filer's total
    $0 + $735,275 related

  • FLORA HAMMOND

    DIRECTOR

    Total calculated
    $523,757
    From this org
    $0
    From related orgs
    $459,856
    Other
    $63,901
    Hours/week
    0.25

    Schedule J breakdown matched by us

    Base
    $0 + $413,561 related
    Bonus
    $0 + $2,000 related
    Other
    $0 + $44,295 related
    Deferred
    $0 + $27,763 related
    Nontaxable benefits
    $0 + $36,138 related
    Filer's total
    $0 + $523,757 related

  • PETER PANG

    DIRECTOR

    Total calculated
    $714,049
    From this org
    $0
    From related orgs
    $645,482
    Other
    $68,567
    Hours/week
    0.25

    Schedule J breakdown matched by us

    Base
    $0 + $492,933 related
    Bonus
    $0 + $91,489 related
    Other
    $0 + $61,060 related
    Deferred
    $0 + $31,871 related
    Nontaxable benefits
    $0 + $36,696 related
    Filer's total
    $0 + $714,049 related

  • HIMANSHU SHAH

    DIRECTOR

    Total calculated
    $990,558
    From this org
    $0
    From related orgs
    $809,649
    Other
    $180,909
    Hours/week
    0.25

    Schedule J breakdown matched by us

    Base
    $0 + $633,425 related
    Bonus
    $0 + $151,093 related
    Other
    $0 + $25,131 related
    Deferred
    $0 + $134,785 related
    Nontaxable benefits
    $0 + $46,124 related
    Filer's total
    $0 + $990,558 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
23 October 2023
IRS schema version
2022v5.0
Source object
202303079349300430

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