Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $36,603

• 1d · Related organizations

  $433,327

• 1f · All other contributions, gifts and grants

  $955,240

• 1g · Noncash contributions included above

  $48,804

• 3 · Investment income

  total $601,821 · excluded $601,821

• 7a · Gross sales of assets other than inventory

  securities $294,213

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

  securities $0

• 7c · Gain or loss

  securities $294,213

• 7d · Net gain or loss

  total $294,213 · excluded $294,213

• 8a · Fundraising events: gross income

  $7,654

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

  $36,603

• 8b · Fundraising events: direct expenses

  $35,201

• 8c · Net income from fundraising events

  total -$27,547 · excluded -$27,547

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $945,009 · program services $945,009

• 2 · Grants to domestic individuals

  total $23,724 · program services $23,724

• 5 · Compensation of officers, directors and key employees

  total $186,996 · program services $37,399 · management and general $93,498 · fundraising $56,099

• 7 · Other salaries and wages

  total $59,141 · program services $19,728 · management and general $39,175 · fundraising $238

• 8 · Pension plan contributions

  total $1,624 · program services $565 · management and general $1,052 · fundraising $7

• 9 · Other employee benefits

  total $9,642 · program services $3,100 · management and general $6,505 · fundraising $37

• 10 · Payroll taxes

  total $903 · program services $314 · management and general $585 · fundraising $4

• 11b · Fees: legal

  total $2,150 · management and general $2,150

• 11c · Fees: accounting

  total $2,500 · management and general $2,500

• 11f · Fees: investment management

  total $51,227 · management and general $51,227

• 11g · Fees: other

  total $694 · management and general $694

• 12 · Advertising and promotion

  total $4,711 · fundraising $4,711

• 13 · Office expenses

  total $8,409 · management and general $8,018 · fundraising $391

• 17 · Travel

  total $221 · management and general $221

• 24a · Other expenses: HOSPITAL INITIATIVES

  total $142,498 · program services $142,498

• 24b · Other expenses: MISCELLANEOUS EXPENSES

  total $12,235 · management and general $12,235

• 24c · Other expenses: CORPORATE ALLOCATION

  total $128 · management and general $128

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $498,802 · end of year $231,366

• 3 · Pledges and grants receivable

  beginning of year $4,362,712 · end of year $4,174,828

• 11 · Investments: publicly traded securities

  beginning of year $19,040,617 · end of year $21,557,116

• 15 · Other assets

  beginning of year $0 · end of year $100

• 17 · Accounts payable and accrued expenses

  beginning of year $39,213 · end of year $39,522

• 19 · Deferred revenue

  beginning of year $9,706 · end of year $24,977

• 25 · Other liabilities

  beginning of year $504,889 · end of year $248,339

• 27 · Net assets without donor restrictions

  beginning of year $1,955,046 · end of year $4,222,274

• 28 · Net assets with donor restrictions

  beginning of year $21,393,277 · end of year $21,428,298

The filer's explanations (Part III)

PART I, LINE 7

THE ORGANIZATION OFFERS A BONUS PLAN THAT PAYS A PERCENTAGE OF AN EMPLOYEE'S BASE PAY. THE INTENT OF THE PLAN IS TO REWARD AN EMPLOYEE'S PERFORMANCE TOWARDS ACHIEVEMENT OF STRATEGIC GOALS DURING THE FISCAL YEAR. SUCCESSFUL ACCOMPLISHMENT OF GOALS THAT CONTRIBUTE TO THE ORGANIZATION'S OVERALL STRATEGIC DIRECTION RESULT IN VARIABLE PAYMENTS ALIGNED WITH THE ORGANIZATION'S TOTAL COMPENSATION STRATEGY. THIS PROGRAM REWARDS EMPLOYEES BASED ON ORGANIZATIONAL PERFORMANCE MEASURES AND INDIVIDUAL EMPLOYEE GOAL PERFORMANCE. ALL PAYOUTS ARE CONTINGENT BASED ON THE UCHEALTH BOARD OF DIRECTORS APPROVAL EACH FISCAL YEAR.