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Nonprofiteer
← MUSC HEALTH

Form 990 for tax year 2022

Filed by MUSC HEALTH.

Totals

Total revenue
$5,256,728
Total expenses
$3,962,839
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,695,306
Investment income
$1,660,313
Other revenue
$1,901,109
Total assets, end of year
$104,807,844
Total liabilities, end of year
$80,517,616
Net assets or fund balances, end of year
$24,290,228
Program services expenses (Part IX)
$1,645,390
Management and general expenses
$2,317,449
Fundraising expenses
$0
Program service expenses (Part III)
$1,645,390

Program services were 41.5% 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: MANAGEMENT INCOME

    total $2,062,277 · related or exempt $2,062,277

  • 2b · Program service revenue: SCHHA LLC

    total -$42,418 · related or exempt -$42,418

  • 2c · Program service revenue: MUSC CANCER CARE NETWORK

    total -$324,553 · related or exempt -$324,553

  • 3 · Investment income

    total $1,660,313 · excluded $1,660,313

  • 6a · Gross rents

    real property $1,901,109

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $1,901,109

  • 6d · Net rental income or loss

    total $1,901,109 · related or exempt $1,901,109

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $1,645,390 · program services $1,645,390

  • 11b · Fees: legal

    total $114,575 · management and general $114,575

  • 22 · Depreciation, depletion and amortization

    total $2,014,063 · management and general $2,014,063

  • 24a · Other expenses: INSURANCE

    total $106,581 · management and general $106,581

  • 24b · Other expenses: OTHER

    total $79,782 · management and general $79,782

  • 24c · Other expenses: PROPERTY AND OPERATING

    total $2,448 · management and general $2,448

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,199,499 · end of year $4,747,720

  • 7 · Other notes and loans receivable

    beginning of year $650,000 · end of year $700,000

  • 10a · Land, buildings and equipment: cost or other basis

    $51,485,003

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,866,912

  • 10c · Land, buildings and equipment, net

    beginning of year $50,398,039 · end of year $49,618,091

  • 12 · Investments: other securities

    beginning of year $43,408,303 · end of year $44,307,630

  • 15 · Other assets

    beginning of year $8,542,156 · end of year $5,434,403

  • 25 · Other liabilities

    beginning of year $84,201,658 · end of year $80,517,616

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 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 $22,996,339 · end of year $24,290,228

Mission and programs · 2022

Mission

TO PROMOTE AND SUPPORT THE EDUCATIONAL, MEDICAL, SCIENTIFIC AND RESEARCH PURPOSES OF THE MEDICAL UNIVERSITY OF SOUTH CAROLINA "MUSC", AND UNIVERSITY MEDICAL ASSOCIATES OF THE MEDICAL UNIVERSITY OF SOUTH CAROLINA "UMA", INCLUDING THEIR COLLABORATIONS WITH MEDICAL UNIVERSITY HOSPITAL AUTHORITY "MUHA; TO OPERATE FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF AND TO CARRY OUT THE TAX-EXEMPT PURPOSES OF MUSC AND UMA, AND ANY OTHER EXISTING OR FUTURE TAX-EXEMPT AFFILIATES OF MUSC OR UMA; ANDTO PROMOTE, ESTABLISH, CONDUCT AND MAINTAIN ACTIVITIES ON ITS OWN BEHALF, OR IN COLLABORATIONS OR VENTURES WITH OTHERS, AS SUCH MAY CONTRIBUTE TO OR OTHERWISE SUPPORT AND ASSIST MUSC OR UMA, OR ANY OTHER EXISTING OR FUTURE TAX-EXEMPT AFFILIATES OF MUSC OR UMA, ALL IN ACCORDANCE WITH LAW AND REQUIREMENTS UNDER THE MEANING OF SECTION 501(C)(3) OF THE IRC AND SHALL NOT CARRY ON ANY ACTIVITY NOT PERMITTED UNDER SUCH STATUTE.

Activities or mission (Part I)

TO PROMOTE AND SUPPORT THE EDUCATIONAL, MEDICAL, SCIENTIFIC AND RESEARCH PURPOSES OF THE MEDICAL UNIVERSITY OF SOUTH CAROLINA "MUSC", AND UNIVERSITY MEDICAL ASSOCIATES OF THE MEDICAL UNIVERSITY OF SOUTH CAROLINA "UMA", INCLUDING THEIR COLLABORATIONS WITH MEDICAL UNIVERSITY HOSPITAL AUTHORITY "MUHA".

  • MUSC STRATEGIC VENTURES WILL PERFORM FUNCTIONS THAT WOULD OTHEWISE HAVE TO BE PERFOREMD BY MUSC AND UMA WHICH WILL INVOLVE DETERMINING AND IMPLEMENTING STRATEGIES THAT ENABLE MUSC AND UMA (ALONG WITH MUHA) TO COLLECTIVELY COLLABORATE WITH HIGH QUALITY AFFILIATED HEALTH CARE PROVIDERS; PROVIDE EDUCATION WITH RESPECT TO HEALTH CARE TO COMMUNITIES AND PROVIDERS; IMPROVE ACCESS TO HIGH QUALITY HEALTH CARE FOR THE CITIZENRY OF SOUTH CAROLINA; ESTABLISH AND DEEPEN RELATIONSHIPS WITH MUSC AND UMA AFFILIATES; OPTOMIZE STATE-OF-THE-ART INFORMATION TECHNOLOGY AND COMMUNICATIONS SYSTEMS TO LEVERAGE EXPERTISE; UTILIZE PERFORMANCE IMPROVEMENT METHODOLOGIES TO ACHIEVE OPTIMAL OUTCOMES FOR POPULATIONS; AND GENERALLY DRIVE OTHER INITIATIVES TO PROMOTE THE SHARED MISSION OF MUSC AND UMA.

    Expenses $1,645,390 · Revenue $1,695,306

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DON JOHNSON II

    CHAIR & DIRECTOR

    Total calculated
    $500
    From this org
    $0
    From related orgs
    $0
    Other
    $500
    Hours/week
    3 + 5 related

  • CHARLES SCHULZE

    DIRECTOR

    Total calculated
    $500
    From this org
    $0
    From related orgs
    $0
    Other
    $500
    Hours/week
    2 + 5 related

  • JAMES LEMON

    DIRECTOR

    Total calculated
    $500
    From this org
    $0
    From related orgs
    $0
    Other
    $500
    Hours/week
    2 + 5 related

  • DONNA JOHNSON

    DIRECTOR

    Total calculated
    $682,225
    From this org
    $0
    From related orgs
    $618,844
    Other
    $63,381
    Hours/week
    2 + 5 related

    Schedule J breakdown matched by us

    Base
    $0 + $618,844 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $49,653 related
    Nontaxable benefits
    $0 + $13,728 related
    Filer's total
    $0 + $682,225 related

  • RICHARD CHRISTIAN

    DIRECTOR

    Total calculated
    $500
    From this org
    $0
    From related orgs
    $0
    Other
    $500
    Hours/week
    2 + 5 related

  • TERRY STEYER

    DIRECTOR

    Total calculated
    $593,990
    From this org
    $0
    From related orgs
    $581,182
    Other
    $12,808
    Hours/week
    2 + 5 related

    Schedule J breakdown matched by us

    Base
    $0 + $581,182 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $12,808 related
    Filer's total
    $0 + $593,990 related

  • DAVID COLE

    DIRECTOR

    Total calculated
    $1,425,436
    From this org
    $0
    From related orgs
    $1,414,104
    Other
    $11,332
    Hours/week
    2 + 5 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,414,104 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $11,332 related
    Filer's total
    $0 + $1,425,436 related

  • PATRICK CAWLEY

    CEO & DIRECTOR

    Total calculated
    $1,155,711
    From this org
    $0
    From related orgs
    $1,115,931
    Other
    $39,780
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,115,931 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $27,000 related
    Nontaxable benefits
    $0 + $12,780 related
    Filer's total
    $0 + $1,155,711 related

  • KATHERINE HALTIWANGER

    SECRETARY

    Total calculated
    $199,330
    From this org
    $0
    From related orgs
    $187,189
    Other
    $12,141
    Hours/week
    2 + 5 related

    Schedule J breakdown matched by us

    Base
    $0 + $187,189 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $12,141 related
    Filer's total
    $0 + $199,330 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.

  • MSV HEALTH INC

    C · HEALTHCARE · DE · 100% owned · share of income $5,886,638 · share of assets $19,874,961

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202421359349311772

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