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← UVMC FOUNDATION

Form 990 for tax year 2023

Filed by UVMC FOUNDATION.

Totals

Total revenue
$1,614,589
Total expenses
$657,013
Contributions and grants received
$895,878
Grants paid
$269,486
Program service revenue
$0
Investment income
$723,425
Other revenue
-$4,714
Total assets, end of year
$22,285,493
Total liabilities, end of year
$1,164,931
Net assets or fund balances, end of year
$21,120,562
Program services expenses (Part IX)
$345,667
Management and general expenses
$135,191
Fundraising expenses
$176,155
Program service expenses (Part III)
$345,667

Program services were 52.6% 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.

  • 1a · Federated campaigns

    $823

  • 1c · Fundraising events

    $94,420

  • 1f · All other contributions, gifts and grants

    $800,635

  • 1g · Noncash contributions included above

    $70,553

  • 3 · Investment income

    total $637,650 · excluded $637,650

  • 7a · Gross sales of assets other than inventory

    securities $987,634

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

    securities $901,859

  • 7c · Gain or loss

    securities $85,775

  • 7d · Net gain or loss

    total $85,775 · excluded $85,775

  • 8a · Fundraising events: gross income

    $25,650

  • 8a · Fundraising events: contributions included on line 1c

    $94,420

  • 8b · Fundraising events: direct expenses

    $30,364

  • 8c · Net income from fundraising events

    total -$4,714 · excluded -$4,714

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $204,986 · program services $204,986

  • 2 · Grants to domestic individuals

    total $64,500 · program services $64,500

  • 5 · Compensation of officers, directors and key employees

    total $158,962 · program services $39,741 · management and general $39,741 · fundraising $79,480

  • 7 · Other salaries and wages

    total $101,168 · program services $25,292 · management and general $25,292 · fundraising $50,584

  • 9 · Other employee benefits

    total $19,826 · program services $4,957 · management and general $4,957 · fundraising $9,912

  • 11f · Fees: investment management

    total $59,010 · management and general $59,010

  • 13 · Office expenses

    total $106 · program services $27 · management and general $27 · fundraising $52

  • 17 · Travel

    total $97 · fundraising $97

  • 24a · Other expenses: SPECIAL EVENTS

    total $23,703 · fundraising $23,703

  • 24e · All other expenses

    total $24,655 · program services $6,164 · management and general $6,164 · fundraising $12,327

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $83,144 · end of year $274,898

  • 3 · Pledges and grants receivable

    beginning of year $40,487 · end of year $197,067

  • 11 · Investments: publicly traded securities

    beginning of year $17,636,660 · end of year $21,614,243

  • 12 · Investments: other securities

    beginning of year $2,456,124 · end of year $199,285

  • 17 · Accounts payable and accrued expenses

    beginning of year $31,838 · end of year $30,490

  • 25 · Other liabilities

    beginning of year $235,252 · end of year $1,134,441

  • 27 · Net assets without donor restrictions

    beginning of year $15,677,200 · end of year $16,660,679

  • 28 · Net assets with donor restrictions

    beginning of year $4,272,125 · end of year $4,459,883

Mission and programs · 2023

Mission

ENHANCE THE PATIENT AND FAMILY EXPERIENCE AT UPPER VALLEY MEDICAL CENTER BY RAISING COMMUNITY SUPPORT FOR PROGRAMS AND SERVICES WHICH HELP BUILD HEALTHY COMMUNITIES.

Activities or mission (Part I)

SEE PART III, LINE 1

  • THE UVMC FOUNDATION PROVIDES PROGRAM SUPPORT TO CANCER PATIENTS. IN 2023, THE UVMC FOUNDATION DEFRAYED THE COSTS OF MEDICAL MASSAGE AND OTHER THERAPIES BY PROVIDING THESE SERVICES FREE OF CHARGE TO CANCER PATIENTS.

    Expenses $81,803 · Grants $81,803

  • THE UVMC FOUNDATION PROVIDED 73 SCHOLARSHIPS TO 45 STUDENTS. THESE STUDENTS ARE EITHER PURSUING A CAREER IN HEALTHCARE OR ARE CHILDREN OF EMPLOYEES.

    Expenses $64,500 · Grants $64,500

  • UVMC FOUNDATION OFFERS FREE MONTHLY HEALTH SCREENINGS AT SEVERAL LOCATIONS ACROSS MIAMI COUNTY. THE FREE SCREENINGS INCLUDE BLOOD PRESSURE AND GLUCOSE CHECKS PROVIDED BY PREMIER COMMUNITY HEALTH NURSES. 320 PATIENTS TOOK ADVANTAGE OF THIS SCREENING LAST YEAR.

    Expenses $7,575 · Grants $7,575

  • Expenses $191,789 · Grants $115,608

As filed on the 2023 return.

Listed in Part VII

  • George Lovett

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Yagnesh Raval MD

    BOARD VICE-CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Dan Sutherly

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Jean Heath

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • J Doug Burchfield

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Nathan Cedarleaf

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Arthur R Disbrow

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Kelly Earhart

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Tim Evans

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Gutmann

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • L Stewart Lowry MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • William J McGraw III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Ted Mercer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Rita Miller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Ann Moyer Davies

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Scott Rasor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Greg Taylor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Tinkler DDS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Duanna R Osting

    PRESIDENT & EXECUTIVE DIRECTOR

    Total calculated
    $158,962
    From this org
    $137,626
    From related orgs
    $0
    Other
    $21,336
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $110,241
    Bonus
    $26,844
    Other
    $541
    Deferred
    $4,748
    Nontaxable benefits
    $16,588
    Filer's total
    $158,962

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

The filer's explanations (Part III)

PART I, LINE 3:
COMPENSATION FOR UVMCF'S CEO IS REVIEWED AND APPROVED BY PREMIER, WITH WHICH UVMCF IS FINANCIALLY INTERRELATED. SEE EXPLANATION ON SCHEDULE O FOR FORM 990, PART VI, SECTION B, LINE 15.

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

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202403199349303255

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