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Nonprofiteer
← UNIVERSITY MEDICAL FOUNDATION INC

Form 990 for tax year 2022

Filed by UNIVERSITY MEDICAL FOUNDATION INC.

Totals

Total revenue
$1,600,108
Total expenses
$140,491
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,571,864
Investment income
$28,244
Other revenue
$0
Total assets, end of year
$15,658,425
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$15,658,425
Program services expenses (Part IX)
$124,510
Management and general expenses
$15,981
Fundraising expenses
$0
Program service expenses (Part III)
$124,510

Program services were 88.6% 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: UNIVERSITY KIDNEY CENT

    total $409,827 · related or exempt $409,827

  • 2b · Program service revenue: UNIVERSITY KIDNEY CENT

    total $400,257 · related or exempt $400,257

  • 2c · Program service revenue: UNIVERSITY KIDNEY CENT

    total $288,440 · related or exempt $288,440

  • 2d · Program service revenue: UNIVERSITY KIDNEY CENT

    total $220,588 · related or exempt $220,588

  • 2e · Program service revenue: UNIVERSITY KIDNEY CENT

    total $201,107 · related or exempt $201,107

  • 2f · All other program service revenue

    total $51,645 · related or exempt $51,645

  • 3 · Investment income

    total $28,244 · excluded $28,244

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $121 · management and general $121

  • 24a · Other expenses: DEANS TAX EXPENSE

    total $124,510 · program services $124,510

  • 24b · Other expenses: MANAGEMENT FEES

    total $13,500 · management and general $13,500

  • 24c · Other expenses: MISCELLANEOUS

    total $2,360 · management and general $2,360

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,460,694 · end of year $2,674,649

  • 2 · Savings and temporary cash investments

    beginning of year $547,566 · end of year $561,666

  • 13 · Investments: program-related

    beginning of year $11,190,548 · end of year $12,415,650

  • 15 · Other assets

    beginning of year $0 · end of year $6,460

  • 29 · Capital stock, trust principal or current funds

    beginning of year $345 · end of year $345

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $14,198,463 · end of year $15,658,080

Mission and programs · 2022

Mission

THE ENTITY'S PRIMARY EXEMPT PURPOSE IS TO COLLECT FINANCIAL SUPPORT FOR THE ACADEMIC AND CLINICAL PROGRAMS OF THE UNIVERSITY OF LOUISVILLE SCHOOL OF MEDICINE.

  • THE ENTITY'S PRIMARY EXEMPT PURPOSE IS TO COLLECT FINANCIAL SUPPORT FOR THE ACADEMIC AND CLINICAL PROGRAMS OF THE UNIVERSITY OF LOUISVILLE SCHOOL OF MEDICINE.

    Expenses $124,510 · Revenue $1,571,864

As filed on the 2022 return.

Listed in Part VII

  • KIM WILLIAMS MD

    PRESIDENT

    Total calculated
    $426,800
    From this org
    $0
    From related orgs
    $420,000
    Other
    $6,800
    Hours/week
    0.1

    Schedule J breakdown matched by us

    Base
    $0 + $420,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $6,800 related
    Filer's total
    $0 + $426,800 related

  • ROSEMARY OUSEPH

    VICE PRESIDENT

    Total calculated
    $422,634
    From this org
    $0
    From related orgs
    $398,331
    Other
    $24,303
    Hours/week
    0.1

    Schedule J breakdown matched by us

    Base
    $0 + $398,331 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,000 related
    Nontaxable benefits
    $0 + $14,303 related
    Filer's total
    $0 + $422,634 related

  • KEVIN HOLLAND THROUGH 22023

    TREASURER

    Total calculated
    $304,125
    From this org
    $0
    From related orgs
    $271,797
    Other
    $32,328
    Hours/week
    0.1

    Schedule J breakdown matched by us

    Base
    $0 + $271,797 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $17,989 related
    Nontaxable benefits
    $0 + $14,339 related
    Filer's total
    $0 + $304,125 related

  • SHERRY HERTEL

    SECTRETARY

    Total calculated
    $157,163
    From this org
    $0
    From related orgs
    $135,005
    Other
    $22,158
    Hours/week
    0.1

    Schedule J breakdown matched by us

    Base
    $0 + $135,005 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,823 related
    Nontaxable benefits
    $0 + $13,335 related
    Filer's total
    $0 + $157,163 related

  • JENNIFER KOCH

    TRUSTEE

    Total calculated
    $338,261
    From this org
    $0
    From related orgs
    $302,640
    Other
    $35,621
    Hours/week
    0.1

    Schedule J breakdown matched by us

    Base
    $0 + $302,640 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $21,768 related
    Nontaxable benefits
    $0 + $13,853 related
    Filer's total
    $0 + $338,261 related

  • CLAY SMITH

    TRUSTEE

    Total calculated
    $328,675
    From this org
    $0
    From related orgs
    $296,644
    Other
    $32,031
    Hours/week
    0.1

    Schedule J breakdown matched by us

    Base
    $0 + $296,644 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,299 related
    Nontaxable benefits
    $0 + $13,732 related
    Filer's total
    $0 + $328,675 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

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 corporations and trusts

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

  • UNIVERSITY MEDICAL ASSOCIATES PSC

    C · MEDICAL PRACTICE · KY

  • UNIVERSITY ASSOCIATES IN DERMATOLOGY

    C · MEDICAL PRACTICE · KY

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202441349349307824

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