Form 990 for tax year 2022
Filed by USC VERDUGO HILLS HOSPITAL FOUNDATION.
Totals
- Total revenue
- $4,181,569
- Total expenses
- $2,472,466
- Contributions and grants received
- $3,978,568
- Grants paid
- $2,406,435
- Program service revenue
- $0
- Investment income
- $173,046
- Other revenue
- $29,955
- Total assets, end of year
- $12,473,108
- Total liabilities, end of year
- -$215,344
- Net assets or fund balances, end of year
- $12,688,452
- Program services expenses (Part IX)
- $2,406,435
- Management and general expenses
- $16,022
- Fundraising expenses
- $50,009
- Program service expenses (Part III)
- $2,406,435
Program services were 97.3% 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.
-
1c · Fundraising events
$245,127
-
1f · All other contributions, gifts and grants
$3,733,441
-
1g · Noncash contributions included above
$60,189
-
3 · Investment income
total $173,046 · excluded $173,046
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$128,310
-
8a · Fundraising events: contributions included on line 1c
$245,127
-
8b · Fundraising events: direct expenses
$98,355
-
8c · Net income from fundraising events
total $29,955 · excluded $29,955
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,406,435 · program services $2,406,435
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $16,022 · program services $0 · management and general $16,022 · fundraising $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: DESIGN AND PRINTING
total $11,436 · fundraising $11,436
-
24b · Other expenses: DUES TO ORGANIZATIONS
total $9,336 · fundraising $9,336
-
24c · Other expenses: DUES & SUBSCRIPTION
total $8,979 · fundraising $8,979
-
24d · Other expenses: MEALS & ENTERTAINMENT
total $5,222 · fundraising $5,222
-
24e · All other expenses
total $15,036 · fundraising $15,036
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $0 · end of year $0
-
2 · Savings and temporary cash investments
beginning of year $3,137,157 · end of year $3,266,002
-
3 · Pledges and grants receivable
beginning of year $758,753 · end of year $3,508,753
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $5,625,480 · end of year $5,545,813
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $152,540 · end of year $152,540
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $0
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year -$1,529,216 · end of year -$215,344
-
27 · Net assets without donor restrictions
beginning of year $2,181,400 · end of year $2,497,792
-
28 · Net assets with donor restrictions
beginning of year $9,021,746 · end of year $10,190,660
Mission and programs · 2022
Mission
TO RAISE FUNDS IN ORDER TO SUPPORT THE OPERATION OF THE USC VERDUGO HILLS HOSPITAL, AN ORGANIZATION EXEMPT UNDER IRC 501(C)(3).
Activities or mission (Part I)
TO RAISE FUNDS IN ORDER TO SUPPORT THE OPERATIONS OF USC VERDUGO HILLS HOSPITAL, AN ORGANIZATION EXEMPT UNDER IRC 501(C)(3).
-
TO EXPAND COMMUNITY AWARENESS OF THE HOSPITAL AND TO RAISE FUNDS TO SUPPORT USC VERDUGO HILLS HOSPITAL THROUGH BOTH FUNDRAISING EVENTS AND DIRECT SOLICITATION. RESTRICTED FUNDS ARE TRANSFERRED IN COMPLIANCE WITH THE DONOR'S REQUEST.
Expenses $2,406,435 · Grants $2,406,435
As filed on the 2022 return.
Listed in Part VII
-
Armand Dorian MDARMAND DORIAN MD
DIRECTOR/CEO
- Total calculated
- $913,468
- From this org
- $0
- From related orgs
- $840,353
- Other
- $73,115
- Hours/week
- 1 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $638,832 related
- Bonus
- $0 + $151,458 related
- Other
- $0 + $50,063 related
- Deferred
- $0 + $30,500 related
- Nontaxable benefits
- $0 + $42,615 related
- Filer's total
- $0 + $913,468 related
-
Kerri Yoder HubbardKERRI YODER HUBBARD
EXECUTIVE DIRECTOR & PRESIDENT
- Total calculated
- $303,081
- From this org
- $0
- From related orgs
- $226,151
- Other
- $76,930
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0 + $225,251 related
- Bonus
- $0
- Other
- $0 + $900 related
- Deferred
- $0 + $24,131 related
- Nontaxable benefits
- $0 + $52,799 related
- Filer's total
- $0 + $303,081 related
-
Emily LiangEMILY LIANG
SECRETARY
- Total calculated
- $225,626
- From this org
- $0
- From related orgs
- $198,415
- Other
- $27,211
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $0 + $182,695 related
- Bonus
- $0 + $15,000 related
- Other
- $0 + $720 related
- Deferred
- $0 + $20,028 related
- Nontaxable benefits
- $0 + $7,183 related
- Filer's total
- $0 + $225,626 related
-
Amy Ross PhDAMY ROSS PHD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 6 related
-
Chloe RossCHLOE ROSS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cindy GilbertCINDY GILBERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Devinder GandhiDR DEVINDER GANDHI
DIRECTOR (AS OF 3/28/23)
- Total calculated
- $0
- Hours/week
- 1
-
Houry AposhianHOURY APOSHIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Janet HamiltonJANET HAMILTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff BlakeJEFF BLAKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joel FriedJOEL FRIED
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Julie BattagliaJULIE BATTAGLIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kate KanekoKATE KANEKO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marcie SabatellaMARCIE SABATELLA
DIRECTOR & VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Matt MernaMATT MERNA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Patrick ChraghchianPATRICK CHRAGHCHIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Richard W CookRICHARD W COOK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robin DormanROBIN DORMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rodney SwanRODNEY SWAN
DIRECTOR & TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Sue WilderSUE WILDER
DIRECTOR & IMMED. PAST CHR
- Total calculated
- $0
- Hours/week
- 1
-
Ted M ClarkTED M CLARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
The Honorable Thad GembaczTHE HONORABLE THAD GEMBACZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Thomas AtamianTHOMAS ATAMIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tina Marie ItoTINA MARIE ITO
DIRECTOR & CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Tj MalseedTJ MALSEED
DIRECTOR (AS OF 9/22/22)
- Total calculated
- $0
- Hours/week
- 1
-
Shareena KumarSHAREENA KUMAR
DIRECTOR (UNTIL 11/30/22)
- Total calculated
- $0
- Hours/week
- 1
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
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 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)
- SCHEDULE J, PART I, LINE 3
- THE ORGANIZATION RELIES ON THE USC HEALTH SYSTEM, A RELATED ORGANIZATION, TO ESTABLISH THE COMPENSATION OF THE PRESIDENT IN THE PROCESS DESCRIBED AS FOLLOWS. THE COMPENSATION IS DETERMINED ANNUALLY USING THE SAFE HARBOR PROCESS DESCRIBED IN TREASURY REGULATION SECTION 53.4958-6. NAMELY, A COMMITTEE OF THE USC HEALTH SYSTEM'S BOARD OF DIRECTORS TAKES THE FOLLOWING THREE STEPS: (1) IT ENSURES THAT NO MEMBER OF THE COMMITTEE HAS A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT BEING REVIEWED, (2) IT LOOKS TO COMPARABILITY DATA AND SPECIALIZED COMPENSATION REPORTS (AND IN SOME CASES OPINIONS) PREPARED FOR THE USC HEALTH SYSTEM BY COMPENSATION CONSULTANTS WITH RESPECT TO SIMILARLY QUALIFIED INDIVIDUALS IN COMPARABLE POSITIONS AT SIMILARLY SITUATED HEALTHCARE ORGANIZATIONS, AND (3) IT MAINTAINS A CONTEMPORANEOUS RECORD OF ITS DELIBERATIONS AND DECISIONS.
- SCHEDULE J, PART I, LINE 4(B)
- OTHER: IN 1994 USC CREATED A SECTION 457(F) SUPPLEMENTAL RETIREMENT PLAN TO PROVIDE MAKE-UP BENEFITS TO EMPLOYEES WHOSE COMPENSATION EXCEEDS THE EARNINGS LIMITATION FOR CONTRIBUTIONS TO THE USC DEFINED CONTRIBUTION RETIREMENT PLAN. AS OF JANUARY 1, 2005, THE PLAN WAS FROZEN AND PARTICIPANTS, WITH RESPECT TO FUTURE MAKE-UP BENEFITS, WERE NO LONGER PERMITTED TO DEFER THESE BENEFITS.
- SCHEDULE J, PART II
- THE INDIVIDUALS REPORTED AS RECEIVING COMPENSATION FROM A RELATED ORGANIZATION ARE EMPLOYEES AT THE UNIVERSITY OF SOUTHERN CALIFORNIA, A TAX-EXEMPT RELATED ORGANIZATION AND ARE NOT PAID FOR THEIR ROLES AS OFFICERS AND DIRECTORS.
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
-
$2,406,435
GENERAL SUPPORT
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.
-
UNIVERSITY OF SOUTHERN CALIFORNIA
501(C)(3) · EDUCATION · CA
Directly controlled by NA
-
501(C)(3) · EDUC. MEDIA · CA · controlled entity
Directly controlled by USC
-
501(C)(3) · USC SUPPORT · CA · controlled entity
Directly controlled by USC
-
SURVIVORS OF SHOAH VISUAL HISTORY FDN
501(C)(3) · EDUC. MEDIA · CA · controlled entity
Directly controlled by USC
-
501(C)(3) · USC SUPPORT · VT · controlled entity
Directly controlled by USC
-
501(C)(3) · USC SUPPORT · VT · controlled entity
Directly controlled by USC
-
501(C)(3) · USC SUPPORT · VT · controlled entity
Directly controlled by USC
-
501(C)(3) · MANAGED CARE · CA · controlled entity
Directly controlled by USC HEALTH
-
501(C)(3) · USC SUPPORT · CA · controlled entity
Directly controlled by USC
-
501(C)(3) · HOSPITAL · CA · controlled entity
Directly controlled by USC HEALTH
-
501(C)(3) · HOSPITAL · CA · controlled entity
Directly controlled by USC HEALTH
-
501(C)(3) · HOSPITAL · CA · controlled entity
Directly controlled by USC HEALTH
-
USC ARCADIA HOSPITAL FOUNDATION
501(C)(3) · FUNDRAISING · CA · controlled entity
Directly controlled by USCAH
-
NAT'L HLTHCRE RESEARCH & EDUC FINANCE CO
501(C)(3) · USC SUPPORT · TX
Directly controlled by NA
-
501(C)(3) · USC SUPPORT · PA
Directly controlled by NA
-
501(C)(3) · USC SUPPORT · CA
Directly controlled by NA
-
501(C)(3) · SUPPORT ORG · CA · controlled entity
Directly controlled by USCAH
-
WOMEN'S AUXILIARY OF METHODIST HOSPITAL
501(C)(3) · HEALTHCARE · CA
Directly controlled by NA
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 partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
USCSCA SURGICAL HOLDINGS LLC
HOLDING COMPA · CA
Directly controlled by NA
-
SUMMERTIME APARTMENTS
HOUSING · CA
Directly controlled by USC
-
HM FUND II LP
INVESTMENTS · NY
Directly controlled by USC
-
STRIPES V MEADOWS CO-INVEST LP
INVESTMENTS · NY
Directly controlled by USC
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
MAY ROBERTS DEWRIGHT TRUST
T · USC SUPPORT · CA
Directly controlled by NA
-
INTEGRATED DIGITAL ASSET CORPORATION
C · 3RD PARTY CON · CA
Directly controlled by NA
-
CHARITABLE REMAINDER TRUSTS (353)
T · FUNDRAISING · CA
Directly controlled by NA
-
POOLED INCOME FUND (1)
T · FUNDRAISING · CA
Directly controlled by NA
-
CHARITABLE REMAINDER TRUST (1)
T · INVESTMENT · CA · controlled entity
Directly controlled by USCAHF
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431369349310563
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