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Nonprofiteer
← UCM NFP COMMUNITY VENTURES

Form 990 for tax year 2023

Filed by UCM NFP COMMUNITY VENTURES.

Totals

Total revenue
$7,966,656
Total expenses
$9,928,012
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$7,966,656
Investment income
$0
Other revenue
$0
Total assets, end of year
$4,841,525
Total liabilities, end of year
$150,298,576
Net assets or fund balances, end of year
-$145,457,051
Program services expenses (Part IX)
$9,925,516
Management and general expenses
$2,496
Fundraising expenses
$0
Program service expenses (Part III)
$9,925,516

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MICHAEL ANTONIADES

    PRESIDENT, INGALLS

    Total calculated
    $1,268,833
    From this org
    $0
    From related orgs
    $1,268,833
    Other
    $0
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,200,000 related
    Bonus
    $0
    Other
    $0 + $68,833 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $1,268,833 related

  • PHILLIP KAUFMAN

    BOARD MEMBER/SECRETARY/TREASURER (EFF. 7/1/23)

    Total calculated
    $785,287
    From this org
    $0
    From related orgs
    $688,969
    Other
    $96,318
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $399,616 related
    Bonus
    $0 + $99,823 related
    Other
    $0 + $189,530 related
    Deferred
    $0 + $67,741 related
    Nontaxable benefits
    $0 + $28,577 related
    Filer's total
    $0 + $785,287 related

  • SARA HAGGERTY

    SECRETARY/TREASURER (THRU 6/30/23)

    Total calculated
    $504,666
    From this org
    $0
    From related orgs
    $406,195
    Other
    $98,471
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $327,965 related
    Bonus
    $0 + $70,147 related
    Other
    $0 + $8,083 related
    Deferred
    $0 + $54,820 related
    Nontaxable benefits
    $0 + $43,651 related
    Filer's total
    $0 + $504,666 related

  • LESLIE LES R STERN

    BOARD MEMBER/PRESIDENT CARE NETWORK (THRU 3/1/24)

    Total calculated
    $696,994
    From this org
    $0
    From related orgs
    $576,272
    Other
    $120,722
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $446,414 related
    Bonus
    $0 + $104,305 related
    Other
    $0 + $25,553 related
    Deferred
    $0 + $76,040 related
    Nontaxable benefits
    $0 + $44,682 related
    Filer's total
    $0 + $696,994 related

  • MARY JO CRANDALL

    BOARD MEMBER (EFF. 3/1/24)

    Total calculated
    $375,418
    From this org
    $0
    From related orgs
    $346,778
    Other
    $28,640
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $289,780 related
    Bonus
    $0 + $49,740 related
    Other
    $0 + $7,258 related
    Deferred
    $0 + $28,640 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $375,418 related

  • IVAN SAMSTEIN

    CHIEF FINANCIAL OFFICER

    Total calculated
    $1,937,704
    From this org
    $0
    From related orgs
    $1,704,200
    Other
    $233,504
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,067,829 related
    Bonus
    $0 + $598,691 related
    Other
    $0 + $37,680 related
    Deferred
    $0 + $195,751 related
    Nontaxable benefits
    $0 + $37,753 related
    Filer's total
    $0 + $1,937,704 related

  • EMILY CHASE

    INTERIM PRESIDENT (7/10/22 THRU 3/7/23)

    Total calculated
    $1,528,097
    From this org
    $0
    From related orgs
    $1,375,367
    Other
    $152,730
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $548,190 related
    Bonus
    $0 + $459,963 related
    Other
    $0 + $367,214 related
    Deferred
    $0 + $109,990 related
    Nontaxable benefits
    $0 + $42,740 related
    Filer's total
    $0 + $1,528,097 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

  • 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

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
COMPENSATION OF THE PRESIDENT AND CEO OF IHV IS REVIEWED AND RECOMMENDED FOR APPROVAL BY THE COMPENSATION COMMITTEE OF UCM COMMUNITY HEALTH & HOSPITAL DIVISION, INC. THE COMMITTEE'S DETERMINATION PROCESS UTILIZES A COMBINATION OF AN INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION STUDIES/SURVEYS, ALONG WITH APPROVAL BY THE COMPENSATION COMMITTEE, WHICH IS THEN REVIEWED AND APPROVED BY THE UCMC COMPENSATION COMMITTEE. THE UCHHD COMPENSATION COMMITTEE CONDUCTS ITS REVIEW AND APPROVAL PROCESS IN A MANNER DESIGNED TO QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER FEDERAL TAX LAW. THIS IS A RIGOROUS REVIEW AND APPROVAL PROCESS DESIGNED FOR TAX-EXEMPT ORGANIZATIONS BY THE INTERNAL REVENUE SERVICE, AND IS DESIGNED TO RESULT IN COMPETITIVE AND REASONABLE COMPENSATION.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
CERTAIN INDIVIDUALS LISTED IN SCHEDULE J, PART II PARTICIPATE IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN TO WHICH UCMC MAKES ANNUAL CONTRIBUTIONS. THESE CONTRIBUTIONS ARE AT RISK AND DO NOT BECOME VESTED AND PAYABLE UNLESS AND UNTIL THE INDIVIDUAL SATISFIES A SUBSTANTIAL FUTURE SERVICE REQUIREMENT. THE FOLLOWING INDIVIDUALS HAD CONTRIBUTIONS MADE TO THE PLAN IN JANUARY 2024 FOR CALENDAR YEAR 2023: EMILY CHASE MARY JO CRANDALL SARA HAGGERTY PHILLIP KAUFMAN IVAN SAMSTEIN LESLIE STERN THE FOLLOWING INDIVIDUALS BECAME VESTED IN, AND WERE TAXED ON, AMOUNTS PREVIOUSLY CREDITED UNDER THE PLAN TO THE INDIVIDUAL FOR SERVICES PROVIDED TO THE ORGANIZATION IN PRIOR YEARS (INCLUDED IN 2023 W-2S): EMILY CHASE - $318,337 PHILLIP KAUFMAN - $179,087
Schedule J, Part II
TAXABLE INCOME REPORTED IN COLUMN (B) MAY INCLUDE PAYMENTS FROM THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP). IN MOST CASES, THESE PAYMENTS WERE EARNED OVER MANY YEARS OF EMPLOYMENT AND THE AMOUNTS HAD PREVIOUSLY BEEN SUBJECT TO VESTING RULES. SERP PAYMENT AMOUNTS EARNED IN PRIOR YEARS WERE PREVIOUSLY REPORTED ON THE FORM 990 AS DEFERRED COMPENSATION AND ARE REPORTED IN THIS 2023 FORM 990 ON SCHEDULE J, PART II, COLUMN (F). THE INDEPENDENT COMPENSATION COMMITTEE OF THE BOARD CONDUCTS ITS REVIEW AND APPROVAL OF ALL EXECUTIVE COMPENSATION, INCLUDING THESE SERP AMOUNTS, IN A MANNER THAT QUALIFIES FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER FEDERAL TAX LAW. THIS IS A RIGOROUS REVIEW PROCESS DESIGNED FOR TAX-EXEMPT ORGANIZATIONS BY THE INTERNAL REVENUE SERVICE, AND IT MEANS THAT THE BOARD COMPENSATION COMMITTEE DOES NOT HAVE ANY CONFLICTS OF INTEREST, AND RELIES ON MARKET DATA COMPILED BY AN INDEPENDENT COMPENSATION CONSULTANT TO SUPPORT ALL EXECUTIVE PAY AS MARKET COMPETITIVE AND REASONABLE. FOR THE INDIVIDUALS LISTED ON SCHEDULE J, PART II THAT ARE IDENTIFIED AS FORMER OFFICERS OR KEY EMPLOYEES, THE COMPENSATION LISTED IS EITHER THE FAIR MARKET VALUE COMPENSATION PAID TO THEM FOR SERVICES THEY PERFORMED AS ACTIVE EMPLOYEES OF UCMC OR A RELATED ORGANIZATION (AND WAS NOT PAID TO THEM DUE TO THEIR FORMERLY HAVING BEEN LISTED AS OFFICERS OR KEY EMPLOYEES): EMILY CHASE
Schedule J, Part III
UCHHD, THE SOLE CORPORATE MEMBER OF INGALLS HEALTH VENTURES, PAID COMPENSATION IN THE AMOUNT OF $1,268,833 TO THE CONSULTING FIRM ALVAREZ & MARSAL FOR THE SERVICES OF MICHAEL ANTONIADES, INTERIM PRESIDENT.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202521359349305152

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