Skip to content
Nonprofiteer
← UMC FOUNDATION INC

Form 990 for tax year 2023

Filed by UMC FOUNDATION INC.

Totals

Total revenue
$2,442,599
Total expenses
$3,087,535
Contributions and grants received
$2,442,109
Grants paid
$0
Program service revenue
$0
Investment income
$490
Other revenue
$0
Total assets, end of year
$4,725,897
Total liabilities, end of year
$1,603,851
Net assets or fund balances, end of year
$3,122,046
Program services expenses (Part IX)
$1,235,737
Management and general expenses
$107,481
Fundraising expenses
$1,744,317
Program service expenses (Part III)
$1,235,737

Program services were 40.0% 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.

  • 1c · Fundraising events

    $320,946

  • 1f · All other contributions, gifts and grants

    $2,121,163

  • 3 · Investment income

    total $490 · excluded $490

  • 8a · Fundraising events: gross income

    $979,008

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

    $320,946

  • 8b · Fundraising events: direct expenses

    $979,008

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $72,540 · program services $29,305 · management and general $43,235

  • 12 · Advertising and promotion

    total $108,407 · program services $25,012 · management and general $207 · fundraising $83,188

  • 17 · Travel

    total $4,252 · program services $4,252

  • 23 · Insurance

    total $5,858 · management and general $5,858

  • 24a · Other expenses: EQUIPMENT RENTAL

    total $1,745,593 · program services $575,397 · management and general $56,522 · fundraising $1,113,674

  • 24b · Other expenses: SUPPLIES

    total $601,771 · program services $601,771

  • 24c · Other expenses: EVENTS

    total $536,439 · fundraising $536,439

  • 24d · Other expenses: FEES

    total $12,675 · management and general $1,659 · fundraising $11,016

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,924,375 · end of year $4,725,897

  • 9 · Prepaid expenses and deferred charges

    beginning of year $323,454

  • 17 · Accounts payable and accrued expenses

    beginning of year $214,380 · end of year $310,601

  • 19 · Deferred revenue

    beginning of year $1,266,467 · end of year $1,293,250

  • 27 · Net assets without donor restrictions

    beginning of year $3,766,982 · end of year $3,122,046

Mission and programs · 2023

Mission

THE UMC FOUNDATION IS TO SERVE AS AN INNOVATIVE, FLEXIBLE, AND EFFICIENT VEHICLE TO FACILITATE THE SOLICITATION AND MANAGEMENT OF GIFTS, GRANTS, BEQUESTS, AND DEVICES FOR THE BENEFIT OF UNIVERSITY MEDICAL CENTER OF SOUTHERN NEVADA. UMC FOUNDATION STRIVES TO PROVIDE SUPPORT FOR INITIATIVES THAT EXPAND AND ENHANCE PATIENT CARE SERVICES AND COMMUNITY HEALTH EDUCATION BEYOND THE LEVEL POSSIBLE THROUGH PUBLIC SUPPORT ALONE.

  • PROVIDE FUNDING FOR NEEDED NEW EQUIPMENT FOR THE UNIVERSITY MEDICAL CENTER.

    Expenses $1,235,737

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael Forche

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Harry C Hagerty

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Deana Young MD

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
20 May 2025
IRS schema version
2023v6.0
Source object
202501579349301045

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.