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Nonprofiteer
← MUSC HEALTH PARTNERS

Form 990 for tax year 2022

Filed by MUSC HEALTH PARTNERS.

Totals

Total revenue
$14,478,265
Total expenses
$14,477,022
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,889,954
Investment income
$0
Other revenue
$10,588,311
Total assets, end of year
$5,003,294
Total liabilities, end of year
$4,674,423
Net assets or fund balances, end of year
$328,871
Program services expenses (Part IX)
$14,477,022
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$14,477,022

Program services were 100.0% 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: PROGRAM SERVICE REVENUE

    total $3,889,954 · related or exempt $3,889,954

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $10,588,311 · related or exempt $10,588,311

  • 11e · Other revenue, total

    $10,588,311

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $11,229,910 · program services $11,229,910

  • 8 · Pension plan contributions

    total $607,101 · program services $607,101

  • 9 · Other employee benefits

    total $1,571,138 · program services $1,571,138

  • 10 · Payroll taxes

    total $915,863 · program services $915,863

  • 13 · Office expenses

    total $17,733 · program services $17,733

  • 17 · Travel

    total $132 · program services $132

  • 24a · Other expenses: BANK CHARGES

    total $134,780 · program services $134,780

  • 24b · Other expenses: INCOME TAX EXPENSE

    total $281 · program services $281

  • 24c · Other expenses: OVERHEAD ALLOCATION

    total $84 · program services $84

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $965,266 · end of year $1,391,291

  • 4 · Accounts receivable

    beginning of year $226,216 · end of year $121,359

  • 9 · Prepaid expenses and deferred charges

    beginning of year $112,631 · end of year $12,873

  • 15 · Other assets

    beginning of year $781,037 · end of year $3,477,771

  • 17 · Accounts payable and accrued expenses

    beginning of year $79,136 · end of year $2,463,683

  • 25 · Other liabilities

    beginning of year $1,678,386 · end of year $2,210,740

  • 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 $327,628 · end of year $328,871

Mission and programs · 2022

Mission

MUSC HEALTH PARTNERS(THE CORPORATION) IS A SOUTH CAROLINA NONPROFIT CORPORATION. THE CORPORATION WAS FORMED TO ADVANCE AND SUPPORT UNIVERSITY MEDICAL ASSOCIATES OF THE MEDICAL UNIVERSITY OF SOUTH CAROLINA (UMA), A SOUTH CAROLINA NONPROFIT CORPORATION WHICH IS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

Activities or mission (Part I)

A SOUTH CAROLINA NONPROFIT CORPORATION FORMED FOR THE PURPOSE TO ADVANCE AND SUPPORT UNIVERSITY MEDICAL ASSOCIATES OF THE MEDICAL UNIVERSITY OF SOUTH CAROLINA (UMA), A SOUTH CAROLINA NONPROFIT CORPORATION WHICH IS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

  • OPERATES THE HEALTH CARE SYSTEM FACILITIES. UMA IS A PHYSICIAN PRACTICE FOR MUSC CLINICAL FACULTY THAT FACILITATES THE PROVISION OF INPATIENT AND OUTPATIENT SERVICES IN FURTHERANCE AND FOR THE BENEFIT OF MUSC. THE MAIN MUSC CAMPUS IS LOCATED IN DOWNTOWN CHARLESTON, SOUTH CAROLINA, BUT EDUCATES AND SERVES INDIVIDUALS PRIMARILY THROUGHOUT THE STATE. THE CORPORATION FACILITATES THE DEPLOYMENT OF CLINICAL RESOURCES INTO COMMUNITIES OUTSIDE OF THE CHARLESTON MAIN CAMPUS OF THE HEALTH SYSTEM. THE CORPORATION ACCOMPLISHES THIS OBJECTIVE PRIMARILY THROUGH ITS OWNERSHIP AND MANAGEMENT OF CAROLINA PRIMARY CARE PHYSICIANS, LLC (CPCP), A SOUTH CAROLINA LIMITED LIABILITY COMPANY WHICH HAS ELECTED TO BE TAXED AS A CORPORATION. A COPY OF THE CPCP OPERATING AGREEMENT IS ATTACHED AS EXHIBIT 1. CPCP IS A MANAGER-MANAGED LIMITED LIABILITY COMPANY. THE CHIEF EXECUTIVE OFFICER OF THE CORPORATION AND THE CHIEF PHYSICIAN EXECUTIVE OF UMA ARE THE MANAGERS. THE CORPORATION IS THE SOLE MEMBER OF CPCP.CPCP EMPLOYS CLINICAL AND ADMINISTRATIVE STAFF. CPCP EMPLOYEES PROVIDE PROFESSIONAL SERVICES TO CAROLINA FAMILY CARE, INC.(CFC), A SOUTH CAROLINA CORPORATION. CFC OPERATES APPROXIMATELY 66 MEDICAL CLINICS LOCATED IN CHARLESTON, FLORENCE, AND LANCASTER SOUTH CAROLINA. CFC IS OWNED BY UMA. THE CORPORATION PROVIDES MANAGEMENT SERVICES TO CPCP. THE CORPORATIONS OWNERSHIP AND MANAGEMENT OF CPCP AND CPCPS EMPLOYMENT OF PHYSICIANS AND STAFF ALLOWS PHYSICIANS TO BE EMPLOYED ON TERMS AND CONDITIONS THAT WOULD NOT OTHERWISE BE AVAILABLE IF THE PHYSICIANS ANDSTAFF WERE EMPLOYED DIRECTLY BY UMA. THE FLEXIBILITY TO OFFER DIFFERING TERMS AND CONDITIONS OF EMPLOYMENT FACILITATES THE ABILITY OF UMA AND CFC TO PROVIDE COMMUNITY MEDICAL SERVICES IN A COST-EFFECTIVE MANNER THAT IS NOT BURDENED BY THE REQUIREMENTS APPLICABLE TO AN ACADEMICHEALTH SYSTEM. CFC CONTRACTS WITH THE CORPORATION TO PROVIDE MANAGEMENT SERVICES. THE CORPORATION IN TURN SUBCONTRACTS WITH UMA AND, IN SOME INSTANCES, MUHA TO PROVIDE A PORTION OF THE MANAGEMENT SERVICES. IN ADDITION TO THE FORGOING, THE CORPORATION PROVIDES PROFESSIONAL SERVICES BY AND THROUGH EMPLOYED PHYSICIANS. PROFESSIONAL SERVICES ARE PROVIDED TO GEORGETOWN RADIATION THERAPY CENTER, A JOINT VENTURE OWNED BY GEORGETOWN HOSPITAL SYSTEM AND UMA, AND TIDELANDS NEUROSCIENCES, A NEUROSURGERY PRACTICE IN THE GEORGETOWN COUNTY AREA DEVELOPED BY THECORPORATION, GEORGETOWN HOSPITAL SYSTEM, AND WACCAMAW COMMUNITY HOSPITAL.

    Expenses $14,477,022 · Revenue $14,478,265

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

Listed in Part VII

  • Matt Severance

    CHIEF SYSTEM DEVELOPMENT OFFICER

    Total calculated
    $932,564
    From this org
    $0
    From related orgs
    $891,350
    Other
    $41,214
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $737,949 related
    Bonus
    $0 + $153,401 related
    Other
    $0
    Deferred
    $0 + $30,700 related
    Nontaxable benefits
    $0 + $10,514 related
    Filer's total
    $0 + $932,564 related
  • Gene Hong MD

    CEO

    Total calculated
    $786,942
    From this org
    $0
    From related orgs
    $744,341
    Other
    $42,601
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $610,598 related
    Bonus
    $0 + $133,743 related
    Other
    $0
    Deferred
    $0 + $30,700 related
    Nontaxable benefits
    $0 + $11,901 related
    Filer's total
    $0 + $786,942 related
  • Andrew Eiseman MD

    TREASURER

    Total calculated
    $692,284
    From this org
    $0
    From related orgs
    $634,999
    Other
    $57,285
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $559,999 related
    Bonus
    $0 + $75,000 related
    Other
    $0
    Deferred
    $0 + $57,137 related
    Nontaxable benefits
    $0 + $148 related
    Filer's total
    $0 + $692,284 related
  • John McDonald MD

    DIRECTOR

    Total calculated
    $292,813
    From this org
    $0
    From related orgs
    $270,108
    Other
    $22,705
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $224,265 related
    Bonus
    $0 + $45,843 related
    Other
    $0
    Deferred
    $0 + $10,804 related
    Nontaxable benefits
    $0 + $11,901 related
    Filer's total
    $0 + $292,813 related
  • Graham Adams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Anita Case

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Diann Krywko MD

    DIRECTOR

    Total calculated
    $612,193
    From this org
    $0
    From related orgs
    $542,992
    Other
    $69,201
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $477,609 related
    Bonus
    $0 + $65,383 related
    Other
    $0
    Deferred
    $0 + $64,591 related
    Nontaxable benefits
    $0 + $4,610 related
    Filer's total
    $0 + $612,193 related
  • Jonathan Edwards MD

    DIRECTOR

    Total calculated
    $712,673
    From this org
    $0
    From related orgs
    $637,472
    Other
    $75,201
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $513,124 related
    Bonus
    $0 + $124,348 related
    Other
    $0
    Deferred
    $0 + $62,783 related
    Nontaxable benefits
    $0 + $12,418 related
    Filer's total
    $0 + $712,673 related
  • Terrence Steyer

    DEAN COLLEGE OF MEDICINE

    Total calculated
    $689,476
    From this org
    $0
    From related orgs
    $598,930
    Other
    $90,546
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $557,727 related
    Bonus
    $0 + $41,203 related
    Other
    $0
    Deferred
    $0 + $78,128 related
    Nontaxable benefits
    $0 + $12,418 related
    Filer's total
    $0 + $689,476 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.

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202431359349301838

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